On May 21, 2022. LULAC New Mexico adopted a resolution urging Congress to pass the National Infrastructure Bank Act, HR 3339, and create a $5 trillion bank to address the crisis in urban and rural infrastructure. Of paramount importance to the delegates, assembled at the Albuquerque Hispano Chamber of Commerce, is the urgent need to launch a vigorous effort to rebuild and improve the infrastructure impacted by the wave of deadly wildfires.
Several of the large wildfires merged earlier in May and have burned 465 square miles of land, breaking the record for biggest wildfire in the state’s history. These fires have left in their wake a biblical scene of devastation and destruction which will require massive reconstruction.
When passed by Congress, The National Infrastructure Bank could aid in the short and long term, to build projects to impact the region. The Bank could immediately go into the impoverished and well-to-do counties hit by the fires and provide long term credit and grants to create a prosperous, growing region. The NIB would create a Phoenix rising out of the ashes, which in this case is no mere metaphor.
The National Latino Farmers and Ranchers Trade Association (NLFRTA) has also joined the effort to aid and rebuild the devastated areas of New Mexico. Already an endorser of the bill to create the National Infrastructure Bank, HR 3339, The NLFRTA has been on the front lines in New Mexico helping farmers and citizens who have been affected by the brutal impact of the historic fires.