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.
In Texas the report shows that the number of households that were moderately or severely housing cost burdened has grown from 1.3 million in 2008 to over 1.7 million by 2018.
This policy brief summarizes the conclusions of several reviews and critiques of the growing body of research on whether subsidized affordable housing for low- to moderate-income residents causes nearby property values to decline. It also highlights some of the most recent work in this area carried out by researchers.
Harris County is planning a strategy to attempt to influence housing tax credit applications to get more applications approved for affordable housing desperately needed in the area.
According to a new report by the National Low Income Housing Coalition, a person working full time would need to earn $16.51 per hour in order to afford a modest one-bedroom apartment in Texas.
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.