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.
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.
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.
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.
The San Antonio Housing Authority (SAHA) and partner NRP Group received a 9% tax credit from the Texas Department of Housing and Community Affairs.
One of the primary amenities being offered by Foundation Communities at Foundation Village is an on-site community center and childcare.
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.
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.
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.
TAAHP member CommunityBank of Texas partnered with Bethlehem Baptist Church in Mansfield, Texas to build a 135-unit affordable housing apartment complex for seniors.
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