- Associated Press - Wednesday, November 4, 2015

HOBBS, N.M. (AP) - Lea County and two cities in New Mexico’s oil country want to attract more housing developers to help with the area’s expected housing shortage.

The Hobbs News-Sun reports (https://goo.gl/ALnjO8) that Hobbs, Lovington and country officials are wrestling with different ideas on incentives for housing developers.

The incentive program for Hobbs, for example, reimburses developers for building market rate, multi-family and single-family housing projects

University of New Mexico researchers project the Lea County population at 75,855 by 2020, with a need for 1,500-2,000 more housing units.

They estimated 300-400 more homes in Lea County would be needed each year through 2020.

In August, the Hobbs City Commission entertained a proposal to cut the incentive program in half, but tabled the proposal pending further review.

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