Texas among worst states for affordable rental housing available – NBC 5 Dallas-Fort Worth

A new report shows that Texas is one of the worst states in the nation for renters looking for affordable housing.

The National Low Income Housing Coalition found Texas tied for sixth among states with the least amount of rental housing available for low-income families.

NBC 5 anchor Brittney Johnson discussed the findings with Clare Losey, assistant research economist for Texas A&M University’s Texas Real Estate Research Center. Losey has published several articles on the affordability of the Texas housing market. She says several major factors affect affordability, including costs and trends related to land, laws, labor, timber and loans. She said Texas also remains relatively affordable compared to other parts of the country, and city and state leaders should consider policy changes to allow for more developer incentives, inclusive zoning and low-cost housing. higher density.

“As a state, we’re going to have to look or reconsider very carefully, if you will, the types of housing that we see on the ground. For example, our traditional low-density single-family housing model is probably not going to work in foreseeable future. It’s already not working right now, especially in big cities and fast-growing areas,” Losey said.

The NLIHC is calling on lawmakers to invest more resources in solving the affordable housing crisis. You can read report-specific data here.

About Gene Schafer

Check Also

Take advantage of the boom in the rental housing market with these 3 high-yielding REITs – Essex Property Trust (NYSE:ESS), AvalonBay Communities (NYSE:AVB)

With the national average 30-year fixed mortgage rate hovering around 6.43%, many homebuyers can no …