Housing

Las Cruces Awarded $11 Million For Housing Projects

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Courtesy photo

NMDWS News:

LAS CRUCES– Las Cruces and Doña Ana County will receive $11 million for housing initiatives as part of a $120 million statewide investment announced by Governor Michelle Lujan Grisham.  

The strategy aims to expand attainable housing, create pathways out of homelessness and improve public safety across New Mexico. The New Mexico Department of Workforce Solutions’ (NMDWS) Office of Housing will oversee distribution of the funds. 

“A home offers security, hope and the chance to put dreams about the future into action,” Lujan Grisham said. “With these investments, Read More

Houck: Understand Your Power As A Buyer—Use A Buyer’s Brokerage Agreement

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By DAVID HOUCK
Qualifying Broker
Atomic Realty, LLC

With the recent National Association of Realtors lawsuit settlement, buyers now have more control than ever over how their broker is paid. A written Buyer’s Brokerage Agreement is now required before an agent can show homes. This gives buyers a powerful tool: control over what they pay and who they hire.

The Truth: The Buyer Pays Everything

While some brokers still claim, “We’ll get the seller to pay the buyer’s agent commission,” it’s not the full picture. Ultimately, the buyer is bringing all the money to the table—including what’s Read More

Housing New Mexico Announces New Public Comment Process For Environmental Review Projects

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Housing New Mexico has announced a new process for gathering public comment on environmental review projects related to federally funded housing and community development projects. Beginning in September, Housing New Mexico will publish environmental review legal notices on its website in compliance with updated U.S. Department of Housing and Urban Development regulations. Felician Villa in Rio Rancho is a Housing New Mexico-funded multifamily development for seniors that required an environmental review. Photo courtesy Housing New Mexico

STATE News:

ALBUQUERQUE — Housing New Read More

Albuquerque And Bernalillo County To Receive Major Housing Investment For Housing, Homelessness

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STATE News:

ALBUQUERQUE — Albuquerque and Bernalillo County will receive $80 million for housing and homelessness projects, part of a $120 million statewide allocation announced earlier this month by Gov. Michelle Lujan Grisham to expand affordable housing options, reduce homelessness, and improve public safety in New Mexico.  

The New Mexico Department of Workforce Solutions’ (NMDWS) Office of Housing will oversee distribution of the funds. 

“When families don’t have to worry about keeping a roof over their heads, everything else becomes possible,” Gov. Lujan Grisham said. “These Read More

Heinrich, Luján, Whitehouse, Colleagues Reintroduce Bicameral Bill To Make Homeownership More Accessible For First-Time Buyers

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U.S. SENATE News:

WASHINGTON, D.C. — U.S. Senators Martin Heinrich (D-N.M.), Ben Ray Luján (D-N.M.), and Sheldon Whitehouse (D-R.I.) led 12 Democratic senators in reintroducing the First-Time Homebuyer Tax Credit Act, legislation that aims to support middle-class Americans purchasing their first home.

The bill would establish a refundable tax credit worth up to 10 percent of a home’s purchase price – up to a maximum of $15,000 – for first-time homebuyers.

“Buying your first home is more than just owning property: It’s a source of pride, stability, and hope for the future. Unfortunately, Read More

Gov. Lujan Grisham Announces $120 Million For Housing, Homelessness Projects Across State

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STATE News:

SANTA FE — Gov. Michelle Lujan Grisham today announced that the Office of Housing at the New Mexico Department of Workforce Solutions will distribute $120 million for housing and homelessness projects across New Mexico beginning this month. 

The investment aims to expand affordable housing options while reducing homelessness and improving public safety. The $120 million expenditure is part of $140 million contained in the general fund, Government Results and Opportunity (GRO) Fund, and capital outlay appropriations approved by the New Mexico over the past two years for these Read More

County Considering New Plan For 20th Street Property

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A rendering of what RBMM developers are proposing to do on County’s land on 20th Street. Courtesy/LAC

By KIRSTEN LASKEY
Los Alamos Daily Post 
kirsten@ladailypost.com

So many plans have been proposed for the 3 acres of Los Alamos County-owned land on 20th Street. It was going to feature an extended-stay hotel; then sub-dividing and selling parcels to bring in businesses was considered; now a new plan is being proposed.

Los Alamos County Council first heard about this newest proposal during its July 29 meeting. An ordinance to sell the property to RBMM developers to bring a mix of housing and retail Read More

Houck: FSBOs—Thinking About Selling Your Home As For Sale By Owner?

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DAVID HOUCK
Qualifying Broker
Atomic Realty

Thinking About Selling Your Home as a For Sale by Owner (FSBO)?

Here Are Key Factors to Consider:

  1. High-Quality Photos and Walkthroughs: Professional marketing starts with strong visuals. High-quality photos and 3D walkthroughs are critical for attracting buyers quickly and securing top dollar for your home. If you don’t have the tools or expertise to produce and edit marketing content, some brokerages such as Atomic Realty can offer these offer these services à la carte—even if you're selling on your own. Investing in professional media
Read More

Houck: Buyer Tips For Making A Successful Offer In Today’s Market

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By DAVID HOUCK
Qualifying Broker
Atomic Realty, LLC

While there are no guarantees when making an offer, the list below includes strategies we believe will help maximize your chances of success.

Negotiate your Broker Commission and sign a short time period agreement prior to engaging a broker. Ask your broker how to terminate your agreement if you want to change brokers.

If you’re planning to ask the seller to cover your broker’s commission, remember it reduces their net and may weaken your offer compared to others. All commissions are negotiable—talk to your broker about negotiating your Read More

Houck: Inherited Property & Taxes

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By DAVID HOUCK
Qualifying Broker
Atomic Realty

Inheriting?

Inherited Property & Taxes: How a Stepped-Up Basis Can Help Minimize Your Tax Burden. Disclaimer: We are not tax advisors. Always consult with a qualified tax professional or tax attorney, as tax laws change frequently and may impact your specific situation.

What Is a “Stepped-Up Basis”?

A stepped-up basis is a provision in the tax code that can significantly reduce the capital gains tax on inherited assets. When a person inherits an asset—like a home—its cost basis is “stepped up” to its fair market value (FMV) as Read More