HOUSE BILL 241
56th legislature - STATE OF NEW MEXICO - first session, 2023
RELATING TO BUILDING PERMITS; PROHIBITING A COUNTY, A MUNICIPALITY OR THE STATE FROM ISSUING A BUILDING PERMIT FOR THE CONSTRUCTION OF MULTIFAMILY DWELLING UNITS CONSISTING OF TWELVE OR MORE UNITS WHERE LESS THAN FIFTY-FIVE PERCENT OF THE TOTAL UNITS ARE OWNER-OCCUPIED.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. [NEW MATERIAL] BUILDING PERMITS FOR MULTIFAMILY DWELLING UNITS--CONDITIONS.--A county, a municipality or the state shall not issue a building permit for the construction of residential multifamily dwelling units consisting of twelve or more units unless a covenant is attached providing that no less than fifty-five percent of the total units shall be owner-occupied.