State senator wants to repeal New Mexico’s prohibition on rent control
November 22, 2022
More than 30 years ago, New Mexico enacted an ordinance prohibiting rent control measures in the state.
Now, a leading Democratic senator wants to repeal the law.
Sen. Linda Lopez, D-Albuquerque, announced she plans to introduce legislation that would allow local municipalities to decide whether they want to initiate rent control measures in the hopes the move could lead to more affordable housing options for New Mexicans being financially squeezed out of the rental market.
Lopez said her proposal would “leave it to local communities and municipalities if they so choose to implement rent control for their local communities.”