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Panel backs starter-homes incentive to help first-time buyers
House Appropriations and Finance Committee · February 9, 2026
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Summary
The committee gave HB200 a due-pass recommendation after testimony from housing advocates and builders who said the program would reduce buyer payments and incentivize construction of starter homes for low- and moderate-income New Mexicans.
Representative Perahon told the committee House Bill 200 is an incentive program aimed at increasing construction of starter homes, noting that starter-home production fell sharply from historic levels. Johanna Gilligan, president of HomeWise, testified the program would provide buyer-side assistance,…
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