Study recommends state-run land bank to address New Mexico housing shortage

Study recommends state-run land bank to address New Mexico housing shortage

A new Massachusetts Institute of Technology report says New Mexico lawmakers should consider a land bank to purchase and rehabilitate vacant or abandoned homes in New Mexico, like the one pictured above in Raton, N.M. (Photo courtesy MIT Department of Urban Studies)New Mexico could tackle a statewide housing shortage by creating a state-run land bank empowered to buy abandoned homes and convert empty lots into new affordable housing, according t…