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HB 420 New Mexico House · 2025 Regular Session

HOUSING STABILIZATION PROGRAM

HB 420 allocates $6 million from the state general fund to the New Mexico Health Care Authority for fiscal year 2026 to fund a housing stabilization program. The program directly supports individuals transitioning from incarceration or homelessness by providing temporary housing assistance. Key provisions include using the funds for "transitional housing support needs" and requiring any unspent money by year-end to revert to the general fund. The bill does not change eligibility rules or create new services, but instead provides dedicated funding for an existing stabilization effort.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAllocates $6M from state general fund to fund housing stabilization program, directly supporting public service spending under budget management.90% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds housing for individuals transitioning from incarceration, directly reducing recidivism through stable housing support as stated in the summary.95% confidence ✓ HousingSupports HousingAllocates $6M for transitional housing assistance to individuals exiting incarceration/homelessness, directly supporting housing stabilization program funding.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025 Last action Jun 3, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
1
Mar 1, 2025
Lower · Passed
DO PASS committee report adopted
lower
Feb 12, 2025
Introduced
Sent to House Health & Human Services Committee & House Appropriations & Finance Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Pamelya Herndon
Pamelya Herndon
DDemocratic
NM
28