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A public hearing will be held at the Balch Springs Library Learning Center on August 30, 2017 at 6pm, on the proposed issuance of one or more series of multifamily housing revenue bonds to Spring Gardens Apartments located in Balch Springs, Texas.
A public hearing will be held at the offices of Texas State Affordable Housing Corporation on September 14, 2017 at 8:30 am, on the proposed issuance of one or more series of multifamily housing revenue bonds to Spring Garden Apartments located in Balch Springs, Texas.
The grant will support the Texas Statewide Homebuyer Education Program (TSHEP).
The grant will support the upcoming Texas Statewide Homebuyer Education Program training workshop for housing counselors.
TSAHC has received a $500 donation from Mortgage Guaranty Insurance Corporation (MGIC). The donation will support TSAHC's Texas Financial Toolbox.
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Housing affordability is generally measured as a percentage of income spent on housing costs. According to the US Department of Housing and Urban Development, a household is considered cost-burdened if it spends more than 30% of its income on housing. But Joe Cortwright, Director of City Observatory, argues that traditional measures of affordability do not consider other related costs, particularly transportation, when calculating whether a household’s housing is affordable.
In a new Down Payment Resource survey of 750 future home buyers, 85 percent said they were looking to buy a home in the next six months. But while the current median down payment for a first-time buyer in approximately 6 percent, sixty-five percent said they think it will be moderately to extremely difficult to save for a down payment.
In 2009, the U.S. homeownership rate stood at 71%. Since then, it has fallen to 63% with declines spanning every region of the country and including almost every age demographic according to a recent Gallup report.