The proposed bill establishes the Office of Housing Planning and Production in New Mexico, which will be administratively attached to the Department of Finance and Administration. The office aims to address housing issues by reducing costs, increasing availability, and maximizing resources for low-income and homeless households. It will be responsible for developing a statewide strategy to foster partnerships among state agencies and local stakeholders, providing technical assistance, and aligning resources to enhance housing development and services. The director of the office will be appointed by the governor and may employ necessary staff to fulfill the office's duties.

Additionally, the office will collect and report data on housing and land use, evaluate housing market conditions, and identify gaps in availability and services. It will analyze regulatory frameworks, construction costs, and promote innovative housing solutions. The bill emphasizes the importance of collaboration and accountability in addressing housing needs across income levels and aims to ensure that the state meets its housing goals effectively. An emergency clause is included, allowing the act to take effect immediately for the public's peace, health, and safety.