TAAHP member JP Morgan Chase is reported to be giving $1 million to Houston Business Development to build affordable housing units within the city and provide below-market rate loans to small businesses with marginal credit scores.
On July 17, 2019, President Trump declared that a major disaster exists in the State of Texas, and ordered federal assistance to supplement state and local recovery efforts in the areas affected by severe storms and flooding.
The Texas Department of Housing and Community Affairs (TDHCA) governing board has named Bobby Wilkinson as executive director of the agency, effective Aug. 15.
According to a new report by the National Low Income Housing Coalition, a person working full time would need to earn $16.51 per hour in order to afford a modest one-bedroom apartment in Texas.
The search for affordable housing is driving a new migration pattern — people from high-cost coastal cities to the middle of the country and the South.
A recent study from the Joint Center for Housing Studies of Harvard University revealed that homeownership rates among blacks is not rebounding at the same levels of other races in the United States.
Freddie Mac tracks multifamily rental affordability at the unit level by comparing area median income (AMI) data from the Federal Housing Finance Agency (FHFA) with rent data from the American Community Survey (ACS)i. The basic finding is that population growth is negatively correlated with an area’s ability to preserve affordable housing.
Incomes are not keeping pace with housing prices and it's starting to show in the sales numbers in North Texas. The Dallas Morning News is reporting that Q1 housing starts in the region are down 11 percent from a year ago with overall home sales down 5 percent over the same time period. The cause? Experts say housing prices are just too high and household incomes are just not rising fast enough to keep up.
TAAHP member CommunityBank of Texas partnered with Bethlehem Baptist Church in Mansfield, Texas to build a 135-unit affordable housing apartment complex for seniors.
It comes as no surprise to affordable housing providers that even one of the most "affordable" communities in Texas is relatively unaffordable for the residents living there.
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