Millions of homeowners and renters in Texas share major housing affordability concerns, with 84% of Texans saying they are either very concerned or somewhat concerned about the cost of housing*. Over half of Texas renters are housing-cost-burdened, paying more than 30% of their income in rent*.
All Texans deserve affordable housing, not only current property owners. In today’s Texas, homeowners, renters, and aspiring homeowners are all struggling, but focusing on affordability for current property owners misses the 38% of Texas households who rent, and it ignores the fact that today’s renters, with the right help, can be tomorrow’s homeowners. Texans know that.
According to the Texas Affiliation of Affordable Housing Providers (TAAHP), 69% of Texans support expanding tools to encourage the development of affordable housing*.
Interim Testimony: Homestead Exemptions
Shannon Halbrook
Director, Invest in Texas
Millions of homeowners and renters in Texas share major housing affordability concerns, with 84% of Texans saying they are either very concerned or somewhat concerned about the cost of housing*. Over half of Texas renters are housing-cost-burdened, paying more than 30% of their income in rent*.
All Texans deserve affordable housing, not only current property owners. In today’s Texas, homeowners, renters, and aspiring homeowners are all struggling, but focusing on affordability for current property owners misses the 38% of Texas households who rent, and it ignores the fact that today’s renters, with the right help, can be tomorrow’s homeowners. Texans know that.
According to the Texas Affiliation of Affordable Housing Providers (TAAHP), 69% of Texans support expanding tools to encourage the development of affordable housing*.
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