Freddie Mac Report: Austin one of 20 cities hit hardest by high rents
Freddie Mac (OTCQB: FMCC) released a list of the Top 20 most rent-burdened metropolitan statistical areas pdf (MSAs) in the United States. See where Austin ranks...
Apr 3, 2019
Latest News
Cost of living, lack of affordable housing choking Midland economy
Economists are sounding alarm bells in Midland stressing if the region doesn't do something to increase the supply of affordable housing, the economy will not be able to grow.
Median-Priced Homes Not Affordable For Average Wage Earners In 71 Percent Of U.S. Housing Markets
Median home prices in the first quarter of 2019 were not affordable for average wage earners. 25 of 31 Texas MSAs rated less affordable than a year ago.
United Healthcare Invests $400 Million in Affordable Housing
UnitedHealthcare announced it has surpassed $400 million in investments in new affordable housing as part of the company’s ongoing efforts to remove social barriers to better health for people in underserved communities.
Analysis: Cost-Burdened Households On The Rise In Rural America
A recent analysis of the American Community Study suggests that housing affordability problems and cost-burdened households are also hurting rural areas.
Could Opportunity Zones Hurt Affordable Housing Developers?
Some affordable housing developers are waving the warning flag on Opportunity Zones.
Study: Lack of Affordable Housing Affects Health
Housing is central to people’s opportunities for living long and well. Nationwide, housing costs far exceed affordability given local incomes in many communities. As a result, people have no choice but to spend too much on housing, leaving little left for other necessities. In Texas, 13% of households spend more than half of their income on housing costs. Severe housing cost burden ranges from 2% to 24% of households.
Report Shows How Much Households Should be Spending on Rent
From San Antonio Express News A recent report from Business Insider calculates how much households should be spending on rent based on their income. The report uses the 30 percent of income threshold — the same threshold recommended by the Department of Housing and...
The Gap Report March 2019: A Shortage of Affordable Homes
The U.S. has a shortage of seven million rental homes affordable and available to extremely low-income renters, whose household incomes are at or below the poverty guideline or 30% of their area median income. Only 37 affordable and available rental homes exist for...
College presidents in Midland say lack of affordable housing impacting workforce
From Midland Reporter-Telegram At a recent State of Education luncheon hosted by the Midland Chamber of Commerce, college presidents from Midland College, Odessa College and University of Texas Permian Basin are sounding alarm bells about the lack of affordable...
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