Texas House Committee Is Set to Hold Hearing on Housing 'Crisis' in State
Photo by Daniel Halseth on Unsplashin Houston on Thursday to discuss the lack of housing options in Texas.
In recent months, rental and home purchase prices have been skyrocketing across the state. In part, those rising prices are beingLast year in Dallas County, institutional buyers purchased 43% of all homes sold; in Tarrant County, they bought up more than half of the homes sold. The national average was around 12%.
“There’s a current shortage of more than 500,000 homes in Texas,” Lopez said. “So the state [is] feeling that crisis, especially in workforce and senior housing.”means affordable rental or ownership housing that is close to a person’s work and can include households earning 60% of area median income or lower.
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