Featured Posts

Better to Rent or Own? It’s a question a get a lot. Again the answer isn’t a ‘one-size-fit-all’ type thing because it depends where you live and how expensive it is to purchase vs. rent. However, Trulia has a great...


Selling in 2011? 5 things you MUST know. If you are considering selling your house in 2011 here are my top 5 things you need to know as a seller. This is one of my few longer posts, just so you’re prepared! Of course my standard disclaimer...


Pflugerville home – 2000sqft+ for under $150K View Full Album Yes, the Austin market is still strong. For those who are relocating to Austin, TX, Pflugerville is just minutes away from Austin, and about 20 minutes to all the downtown fun! This...


  • Prev
  • Next

Austin Housing Affordability… what affordability?

Posted on : 26-08-2010 | By : Sumina | In : Austin, Education


I was recently at an Workforce Housing Forum held at the Omni downtown, which is only one of 4 such forums offered nationwide. During the course of the 2 days, there was much discussed about the barriers to affordable housing, and how poorly Texas ranks. Exactly how bad? According to the Texas Association of Realtors (or TAR), Texas ranks 44th out of 50 in overall homeownership. Gulp.

That homeownership gap is widest in Texas among Hispanics, who account for 36 percent of the state’s population but only 5 percent of homeowners.

So what are we doing to address the problem? TAR has launched TXHomePrograms.com to help homebuyers indentify programs that are available on the city, county, state and federal level to help with affordability.

Going through the ‘Program Search’ feature on the site with the following criteria, 2 person household, annual household income of $60k, looking in Travis county, and I selected all the programs… guess how many programs were available to help me purchase a home. Drumroll please. Zero. Nada.

Try it for yourself and see if you come up with something different.

So the saying goes, ‘Drive till you qualify’. We’ve got to get more people who work in the city, who are service providers, police officers, medical service providers, living closer to where they are working.


Comments are closed.