Southeastern New Mexico working to solve housing shortage

Housing

LOVINGTON, N.M. (KRQE) – Southeastern New Mexico is dealing with a major housing shortage and area officials are working on incentives to bring in more.

According to the Hobbs News-Sun, county officials are talking about reimbursing developers for some of the cost of building homes or apartments there.

It’s estimated that Lea County will need some 2,000 more housing units right now and another 300 to 400 each year for the next five years.

The huge need for housing comes as a result of the oil and gas boom there.

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