City’s GO housing bond ensures residents have a homes

Public and fiscal policy in the U.S. has long recognized the importance of housing. Home ownership, in particular, has been viewed as strengthening the attachment of residents to their community and an important tool in building family wealth since a well-maintained property may grow in value over time. Home owners paying income taxes benefit from the deductibility of interest on a home mortgage and from special tax treatment of capital gains resulting from the sale of a primary residence. Both of these tax policies enhance the ability of home purchasers to afford housing. That is, they can afford better housing than in the absence of this special treatment.
In the Las Cruces area, as elsewhere, there is a significant shortage of housing for low and moderate income households, including young workers, seniors, veterans, and single parents. Use of the City’s general obligation (GO) bonds to fund affordable housing is another way in which the public can support those seeking better housing options. GO bonds can provide low-interest, flexible funding to build more entry-level single-family homes and attractive affordable missing-middle and multi-family housing. Vote yes on the City’s GO housing bond to ensure our residents have a home.

Jane Asche
Las Cruces