Latest News in Affordable Housing
DISCLAIMER: The Texas Affiliation of Affordable Housing Providers (TAAHP) posts informational resources that may impact or be useful to its members. The views, positions, and opinions expressed in news articles, research studies, or other resources are those of the authors and do not necessarily reflect the official policy or position of TAAHP or its employees. Views are subject to change at any time.
San Antonio Housing Authority Awarded Housing Tax Credits for Alazan Lofts
The San Antonio Housing Authority (SAHA) and partner NRP Group received a 9% tax credit from the Texas Department of Housing and Community Affairs.
Austin: Foundation Communities Awarded $17 Million in Housing Tax Credits
One of the primary amenities being offered by Foundation Communities at Foundation Village is an on-site community center and childcare.
Houston: JP Morgan Chase Commits $1 Million to Affordable Housing
TAAHP member JP Morgan Chase is reported to be giving $1 million to Houston Business Development to build affordable housing units within the city and provide below-market rate loans to small businesses with marginal credit scores.
Major Disaster Declared in Texas
On July 17, 2019, President Trump declared that a major disaster exists in the State of Texas, and ordered federal assistance to supplement state and local recovery efforts in the areas affected by severe storms and flooding.
TDHCA Names New Executive Director
The Texas Department of Housing and Community Affairs (TDHCA) governing board has named Bobby Wilkinson as executive director of the agency, effective Aug. 15.
Minimum Wage Workers Can’t Afford Apartments in Texas
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.
Lack of affordable housing is fueling a reverse migration from big cities
The search for affordable housing is driving a new migration pattern — people from high-cost coastal cities to the middle of the country and the South.
Black Homeownership Rate Not Rebounding Like Other Demographics
A recent study from the Joint Center for Housing Studies of Harvard University revealed that homeownership rates among blacks is not rebounding at the same levels of other races in the United States.
Freddie Mac: Diminishing Housing Affordability is Inescapable
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.
High Housing Prices in North Texas Keeping Residents in Place
Incomes are not keeping pace with housing prices and it’s starting to show in the sales numbers in North Texas. The Dallas Morning News is reporting that Q1 housing starts in the region are down 11 percent from a year ago with overall home sales down 5 percent over the same time period. The cause? Experts say housing prices are just too high and household incomes are just not rising fast enough to keep up.
Become a Member
As a TAAHP member, you'll receive discounts to member events and the Texas Housing Conference, access to industry news, TAAHP's member directory, networking opportunities and more!