KeyBank arranges $43.8 million in financing for The Reserves at San Marcos
KeyBank Real Estate Capital arranged a construction loan and permanent financing for the development of affordable housing at The Reserves at San Marcos.
OCC Issues Final Rule on Community Reinvestment Act
The Office of the Comptroller of the Currency (OCC) released a final rule related to the agency’s regulations under the Community Reinvestment Act (CRA). The final rule clarifies and expands the banking activities that qualify for positive consideration, updates how banks delineate the assessment areas in which they are evaluated, provides additional methods for evaluating CRA performance and requires timely and transparent reporting.
San Antonio Housing Authority Plans to Break Ground on Downtown Affordable Housing this Summer
The San Antonio Housing Authority (SAHA) is breaking ground this summer on a 200-unit affordable housing community in downtown San Antonio — a rare opportunity. While SAHA has owned the land since 1994, it was previously used as a storage site.
Saigebrook Development Celebrates Grand Opening of Aria Grand Apartments
From Community Impact Aria Grand Apartments, a 70-unit affordable housing complex at 1800 S. I-35, Austin, celebrated its grand opening Jan. 22. The affordable housing community built by O-SDA Industries and Saigebrook Development provides tenants programs to assist...
Survey: 68% of Austinites Say More Affordable Housing is Needed
The City of Austin’s community survey found that 68 percent of Austin residents believe more affordable housing is needed.
Texans Spending Too Much on Housing
Texans say they are spending too much on housing. New statewide poll results released found nearly half of Texas adults say it is difficult for them to find affordable housing in the area where they live, and a similar share believe they spend too much of their income on housing. The independent poll was conducted by the Texas Lyceum, the 40-year-old nonprofit, nonpartisan leadership organization.
