Freddie Mac Names New CEO
Freddie Mac (OTCQB: FMCC), announced last week that Donald H. Layton will retire as Chief Executive Officer (CEO) and that the Board of Directors has appointed…
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.
Report Shows How Much Households Should be Spending on Rent
From San Antonio Express News A recent report from Business Insider calculates how much households should be spending on rent based on their income. The report uses the 30 percent of income threshold — the same threshold recommended by the Department of Housing and...
The Gap Report March 2019: A Shortage of Affordable Homes
The U.S. has a shortage of seven million rental homes affordable and available to extremely low-income renters, whose household incomes are at or below the poverty guideline or 30% of their area median income. Only 37 affordable and available rental homes exist for...
