Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the Legislature. LFC does not assume responsibility for the accuracy of these reports if they
are used for other purposes.
F I S C A L I M P A C T R E P O R T
SPONSOR Matthews
LAST UPDATED
ORIGINAL DATE 3/3/25
SHORT TITLE Mobile Home Park Regulatory Framework
BILL
NUMBER
House Memorial
35
ANALYST Hilla
ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT*
(dollars in thousands)
Agency/Program
FY25 FY26 FY27
3 Year
Total Cost
Recurring or
Nonrecurring
Fund
Affected
RLD, NMAG,
PRC, Office of
Housing
No fiscal
impact
Indeterminate
but minimal
No fiscal
impact
Indeterminate
but minimal
Nonrecurring
See fiscal
implications
Parentheses ( ) indicate expenditure decreases.
*Amounts reflect most recent analysis of this legislation.
Conflicts with House Bill 442
Relates to House Bill 426
Sources of Information
LFC Files
Agency Analysis Received From
New Mexico Attorney General (NMAG) Regulation and Licensing Department (RLD)
Office of Housing
Public Regulation Commission (PRC)
New Mexico mortgage Finance Authority (MFA)
SUMMARY
Synopsis of House Memorial 35
House Memorial 35 (HM35) requires the Regulation and Licensing Department (RLD), the New
Mexico Mortgage Finance Authority (MFA), the Public Regulation Commission (PRC), the
Governor’s Office of Housing, the chair of the Opportunity Enterprise and Housing
Development Review Board, and the New Mexico Attorney General (NMAG) to develop a
regulation framework for mobile home park tenancies and rent stabilization for mobile home
residents. HM35 requires conclusions and recommendations to be reported to appropriate
legislative committees by September 1, 2025.
This bill does not contain an effective date and, as a result, would go into effect 90 days after the
Legislature adjourns if enacted, or June 20, 2025.
House Memorial 35 – Page 2
FISCAL IMPLICATIONS
This fiscal analysis assumes the work of the required agencies will start and end in FY26 given
the memorial’s effective date and reporting deadline. This analysis assumes that requirements of
HM35 can be fulfilled with agencies’ current operating budgets, especially considering the work
is nonrecurring. The requirements of HM35 would impact state agencies’ respective funding
streams for personnel, which may include revenue from the general fund, other state funds, and
internal service funds/interagency transfers, depending on the agency.
SIGNIFICANT ISSUES
RLD states the Manufactured Housing Department at the agency does not regulate mobile home
parks but is responsible for the inspection of manufactured homes that are installed, repaired and
remodeled within mobile home parks. MFA adds that 17 percent of the state’s occupied housing
stock are manufactured housing, with the Office of Housing adding that the state has some of the
highest rates of manufactured housing in the nation. The Office of Housing encourages
participation from local governments in HM35.
ADMINISTRATIVE IMPLICATIONS
HM35 would temporarily increase the workload for the required agencies.
CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP
HM35 relates to House Bill 426 which sets new requirements for notices of sale of mobile home
parks. The memorial conflicts with House Bill 442, which would provide for mobile home rent
stabilization through statute as opposed to being developed and recommended via a regulatory
framework.
EH/hj/SL2