MEMBER IN THE NEWS: DMA Companies, Inc. broke ground on a new affordable housing apartment community in Travis County near the intersection of Airport Blvd. and 53 1/2 Street Monday.
Two affordable housing apartment communities are currently under construction in Corpus Christi, but the city says the need more to meet the growing demand.
MEMBER IN THE NEWS: The San Antonio Housing Authority, a TAAHP member, is implementing a new initiative to provide affordable single-family homes to qualified buyers.
Member in the News: RBC Capital Markets, a TAAHP member, closed a $116 Million affordable housing fund, of which $110.4 million is allotted for low-income housing tax credit (LIHTC) equity.
Hunt Capital Partners, in partnership with Saigebrook Development and O-SDA Industries, has obtained $8.4 million in federal low-income housing tax credits for the development of Canova Palms in Irving, Texas.
Houston's City Council approved a measure that allows the city's housing department to seek $45 million in funds to help build up the city's affordable housing inventory.
MEMBER IN THE NEWS: The decision was unanimous. Commissioners in Travis County approve $31 million in bonds that will be used to build affordable housing for seniors in Pflugerville just North of Austin.
Harris County Precinct 2 Commissioner Adrian Garcia is concerned about the lack of home ownership rates in his district. He notes that the majority of residents in Precinct 2 are renters because they are low- to moderate-income and cannot afford to become homeowners.
The city of San Marcos will host an informative open house May 22 from 5:30-7:30 p.m. at the San Marcos Recreation Hall to discuss affordable housing needs.
The San Antonio City Council has thrown its support behind four proposed affordable housing developments in various areas of the city.
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