Latest News in Affordable Housing
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…
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Could Opportunity Zones Hurt Affordable Housing Developers?
Some affordable housing developers are waving the warning flag on Opportunity Zones.
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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.
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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...
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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...
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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...
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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...
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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 Congress,...
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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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HUD Secretary Carson to Step Down at End of Trump’s First Term
From NAHB Now HUD Secretary Ben Carson said he intends to leave his Cabinet post at the end of President Trump’s first term. In an interview with Newsmax TV, Carson said he would “finish out this term,” adding that “I would be interested in returning to the private...
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