New Mexico Senator Gerald Ortiz y Pino (D- Bernalillo) recently introduced SB 67, which requests $100,000 for FY 2014 and 2015 to fund the New Mexico Mortgage Finance Authority’s (MFA) administrative and oversight duties under the state’s Affordable Housing Act. The Affordable Housing Act, which was signed into law in 2004 and is administered by MFA, permits state and local governments to contribute public funds, buildings or other resources to create or preserve affordable housing. The Act also imposes a long-term affordability requirement on publicly subsidized properties. In addition to its oversight responsibilities, MFA also provides technical assistance for creating affordable housing plans for communities as required by the Act. SB 67 was recently considered by the Senate Public Affairs Committee and if approved would move to the full Senate for a vote before going before the New Mexico House of Representatives.