Affordable Housing News Blog
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.
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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.
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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.
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The NRP Group Promotes Jason Arechiga to Senior Vice President of Development
The NRP Group, the vertically-integrated, best-in-class developer, builder and manager of multifamily housing, today announced the promotion of Jason Arechiga to the position of Senior Vice President of Development. Arechiga, who has been with NRP since 2012, will continue to lead the majority of the company’s affordable housing initiatives in Texas, where NRP is currently developing and building more than 4,000 affordable and market rate apartment units.
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TAAHP Member helps Tarrant County Church build Affordable Housing For Seniors
TAAHP member CommunityBank of Texas partnered with Bethlehem Baptist Church in Mansfield, Texas to build a 135-unit affordable housing apartment complex for seniors.
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Laredo faces gap between median income and rent affordability
It comes as no surprise to affordable housing providers that even one of the most “affordable” communities in Texas is relatively unaffordable for the residents living there.
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U.S. Senator Introduces Yes In My Backyard Act to Encourage Communities to Cut Regulations and Increase Housing Supply
On June 20, 2019 U.S. Senator Todd Young (R-Ind.) introduced the Yes In My Backyard (YIMBY) Act to shed light on discriminatory land use policies, encourage localities cut burdensome regulations, and bring a new level of transparency to the community development process. Instead of adopting inclusive land use policies that allow citizens of all income levels, backgrounds, and identities to live, work, and flourish in their city or town, some communities are building paper walls of regulations around themselves that negatively affect and sometimes discriminate against low- and middle-income Americans.
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Study: Strategies for Promoting Innovation in Home Building
Technological innovation in homebuilding has been a research topic at HUD since the 1970s. Building Even Better Homes: Strategies for Promoting Innovation in Home Building reevaluates the significant findings of Building Better Homes. The report uses history and experience as a guide for what role HUD might play in fostering building technology innovation in the future. The report documents prior efforts and what we learned regarding successes and failures.
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Study: Paycheck to Paycheck – Building Homes Affordable to Home Builders
Housing affordability was a major issue for nearly every income bracket during 2018 and is likely to be a growing problem for years to come. A supply-driven affordable housing crisis ultimately can only be addressed by more housing supply that is affordable to more people. The 2018 edition of “Paycheck to Paycheck” focuses on the affordability challenges workers face in five job categories in the construction industry.
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Study: The State of the Nation’s Housing 2019
From Joint Center for Housing Studies of Harvard University: Just as the recent housing downturn was longer and deeper than any other since the Great Depression, the residential construction rebound has been slower. Since reaching bottom in 2011 at just 633,000 new units, additions to the housing stock have grown at an average annual rate of just 10 percent. Despite these steady gains, completions and placements totaled only 1.2 million units last year—the lowest annual production, excluding 2008–2018, going back to 1982.
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