Affordable Housing Shortage in Midland
1-Bedroom Apartments are renting for $1,500 per month
Nov 7, 2019
Affordable Housing News
Wells Fargo Donating $1 Billion to Affordable Housing
From Good News Network Wells Fargo has committed to donating $1 Billion to non-profit organizations that develop affordable housing across the United States over the next six years. This comes after the bank donated $444 million to affordable housing non-profit...
Support for affordable housing policies growing
As home prices rise, more people support affordable housing policies. 55% of homebuyers quit searching when homes in their price range where not available.
Affordable Housing Could Increase by 9,000 Units in Austin
The drafted rules increase the potential for income-based affordable housing by up to 9,000 units. The units could be spread out in areas across Austin. Currently there are just 1,500 available to those with incomes below the area's median income (AMI).
Longview area 1,000-plus units short of meeting affordable housing need
The Longview News Journal is reporting that the Longview area, a small-town region in Northeast Texas is over 1,000 affordable housing units short of what its population needs.
San Marcos affordable housing task force seeks input, finds friction
Laura Dupont, chair of the affordable housing task force, says it has not been easy getting all the neighborhoods in San Marcos to embrace the action plan, which is expected to be presented in October.
San Antonio’s Approach to Increasing Affordable Housing
The goal of the strategy is to produce or preserve over 18,000 affordable homes as well as help people stay in affordable housing over the next 10-years.
HUD to Allow Private Investment in Senior Housing Portfolio
The U.S. Department of Housing and Urban Development will now allow private investment in its senior affordable housing portfolio. The move is being made due to Congress' lack of appropriation of funds to maintain the over 125,000 apartment units built and funded by the government over the last 30-years.
San Antonio Housing Authority Awarded Housing Tax Credits for Alazan Lofts
The San Antonio Housing Authority (SAHA) and partner NRP Group received a 9% tax credit from the Texas Department of Housing and Community Affairs.
Austin: Foundation Communities Awarded $17 Million in Housing Tax Credits
One of the primary amenities being offered by Foundation Communities at Foundation Village is an on-site community center and childcare.
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