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Economic Development Policies

LOCAL ECONOMIC DEVELOPMENT ACT (LEDA)

LEDA allows public support of economic development projects to foster, promote and enhance local economic development efforts while continuing to protect against the unauthorized use of public money and other public resources.  The Village's LEDA ordinance also allows the Village to enter into joint powers agreements or memoranda of understanding with other local governments to support regional economic development projects.

Village of Los Lunas Local Economic Development Act (LEDA) Policy

INDUSTRIAL REVENUE BONDS (IRB)

The Village allows public support of economic development projects through the issuance of IRBs from time to time for appropriate projects, as provided in the IRB Act, and to provide assistance for projects qualifying under the LEDA Act to foster, promote, and enhance local economic development efforts while continuing to protect against the unauthorized use of public money and other public resources. 

Village of Los Lunas Industrial Revenue Bond (IRB) Policy

AFFORDABLE HOUSING

The Village has adopted an affordable housing plan and ordinance in compliance with the NM Affordable Housing Act, in order to support the development of qualified affordable housing through incentives like housing assistance grants, waiver of fees, and when applicable, donation or reduced sale price of Village land. 

Village of Los Lunas Affordable Housing Policy

Joint Village of Los Lunas/Valencia County Affordable Housing Plan

HOME OCCUPATIONS

Los Lunas has established procedures through our zoning ordinance to allow certain types of home-based businesses. 

Village of Los Lunas Home Occupation Ordinance *Included in recently updated Zoning Ordinance.

OTHER INCENTIVES

Many other incentives are available statewide through New Mexico Economic Development Department (NMEDD) and the Housing NM (MFA). Visit their websites for more information. 

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