This bill mandates that Class A counties and municipalities in New Mexico with populations exceeding thirty thousand must publish quarterly reports on residential development activities starting July 1, 2026. The reports will be made available on the respective county or municipality's website and must include detailed information on applications for residential development plans and building permits. Specifically, the reports will cover the total number of applications received, approved, and denied, the number of dwelling units involved, and the time taken for each application to progress through the approval process.

Additionally, the bill requires that the reports include a narrative section for each data point, allowing local governments to provide context or comments on the reported data. This initiative aims to enhance transparency and accountability in housing development processes, thereby facilitating better planning and economic development in these areas.