Albuquerque's housing affordability challenges are real—but Ordinance O-26-05 targets a problem that data shows is not driving the crisis. GAAR opposes this ordinance and continues advocating for evidence-based solutions that expand housing supply.
The Facts
STRs represent less than 1% of Albuquerque's 240,000+ housing units (approximately 2,400 total STRs). Independent, peer-reviewed studies consistently show STRs do not drive housing shortages or affordability challenges. Most STRs are in communities whose values far exceed affordable housing thresholds based on local median income.
Research shows restricting STRs causes tourism and tax revenue reductions, significant job losses in STR management and servicing industries, and no meaningful change to housing availability or affordability.
What Actually Drives the Crisis
Affordability and availability challenges stem from systemic underbuilding, overregulation, rising construction and labor costs, interest rates, and broader economic pressures. Only new construction can meaningfully address supply shortages.
An estimated 91% of all STRs nationwide are owned by individuals, families, or small LLCs as second homes—not corporate investors. Many owners are local or regional, use their properties personally, and rent short-term to offset rising ownership costs.
The 330-Foot Separation Requirement Problem
The proposed separation requirement creates new problems without delivering benefits. No data shows it will return units to long-term housing. Instead, it will create nonconforming properties, discourage permit compliance, and increase enforcement burdens—penalizing responsible owners while doing little to address nuisance complaints.
Bottom Line
Ordinance O-26-05 will not increase housing supply or improve affordability. It will reduce flexibility, compliance, and economic activity. GAAR opposes O-26-05 and continues advocating for policies that encourage new housing construction, protect responsible property owners, and address affordability at its root through data-driven solutions.
Call to Action
Check back on Friday, January 30th for information on how to register to testify in opposition to O-26-05, or add this to your calendar to testify or attend in person on:
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