Affordable Housing Study
The City of Rio Rancho is asking for residents' input on an Affordable Housing Study. To participate, please complete the online survey listed below:
As part of Mayor Hull’s FY 2022 budget response, $75,000 was recommended to be allocated for an Affordable Housing Study. The Study was ultimately approved by the Governing Body as part of FY 22 budget adoption (May and July 2021). As a result, City of Rio Rancho staff, through an RFP process, began working with the National Development Council (NDC) in order to collect information about the community and develop a study to be presented to the Governing Body for potential future planning and development.
The City of Rio Rancho is pursuing an Affordable Housing Study aimed at developing a roadmap that guides actions to improve the availability, affordability, and quality of housing within the City.
The study is in its beginning phases and the next steps include seeking public input and hosting public meetings. City of Rio Rancho residents, business owners, and anyone who works in Rio Rancho are eligible to offer their input by completing our online survey (links above). The survey is open from June 23, 2022 to July 25, 2022. Printed copies are available at the Meadowlark Senior Center, the Broadmoor Senior Center, the Loma Colorado Main Library, and Esther Bone Memorial Library. Additionally, information about public meetings, where members of the public learn more about the planning process, ask questions, and provide input on the plan, is forthcoming.
The development of an Affordable Housing Plan is needed to assess the housing requirements in Rio Rancho and to provide recommendations for addressing those needs.
This study is required by the New Mexico Mortgage Finance Authority and must comply the New Mexico Affordable Housing Act per the Mortgage Finance Authority Act, NMSA 1978, § 58-18-1 et. seq. and pursuant to the Affordable Housing Act, NMSA 1978, §6-27-1 et. seq., the enabling legislation that exempts affordable housing from the Anti Donation clause of the New Mexico State Constitution. Under the Act, municipalities wishing to donate, provide incentives or pay all or a portion of the costs of affordable housing (including land, acquisition, renovation, financing, or infrastructure) must have in place an Affordable Housing Plan and an affordable housing ordinance.