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SANTA FE – Gov. Michelle Lujan Grisham today celebrated the passage of House Bill 195, sponsored by Reps. Linda Serrato, Meredith A. Dixon, and Joy Garratt and Sen. Michael Padilla. The legislation makes changes to the Opportunity Enterprise Revolving Loan fund (OERF) at the New Mexico Finance Authority, opening it up to support housing infrastructure and workforce development housing projects. The bill is accompanied by a $125 million appropriation to the fund for housing in the FY25 budget.
