Without new homes to meet population growth and replace an aging housing stock, homebuying is expected to move further out of reach.
The Rural Housing Service (RHS or the Agency) is proposing to amend its regulation to remove the stated amount that the Agency will charge for the initial and annual guarantee fees.
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.
Well known economist James P. Gaines from the Texas A&M Real Estate Center, told a group of home builders in the Tyler, Texas area that the increasing gap between household incomes and housing prices is a critical issue facing the housing market in Texas. According to Gaines, household incomes are rising at a fraction of the pace of home prices.
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.