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
Affordable Housing 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.
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.
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...
State Rep. Eric Johnson files “anti-corruption” bill to remove letters from QAP
From Dallas Weekly State Rep. Eric Johnson filed his "anti-corruption" bill, HB 4370, removes "letters of support" from state representatives, municipalities and and county officials that give elected officials "veto" power in the scoring process for housing tax...
Proposed 2020 budget reduces HUD funding by $8.7 Billion
From NAHBNow President Trump is seeking to reduce the 2020 budget for the department of Housing and Urban Development (HUD). The budget cycle begins October 1, 2019 and runs through September 30, 2020. While no White House budget is ever approved "as is" by...
Texas State Rep. Gonzalez files several bills addressing affordable housing
NEWS RELEASE This session, Texas State Representative Jessica González filed HB 2494, HB 2532, HB 3234, and HB 3272. Each of these bills plays a critical role in combating affordable housing crises in Dallas and around Texas. HB 2494, filed jointly with Sen. Royce...
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