Recent Headlines

NMHC Delivers Guide for Advancing Housing Equity and Opportunity in the Multifamily Industry

The National Multifamily Housing Council (NMHC), working with Enterprise Community Partners, has released a groundbreaking new resource for apartment firms, policymakers, community advocates and the public to explore ways that multifamily housing can be an even greater catalyst for creating more equitable communities and improving economic resilience for the residents we serve. “Opening Doors of…

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5 Key Benefits of Good Property Management

With more people investing in real estate, property management is increasingly becoming handy for property owners. In fact, 23% of Americans regard real estate as the best way to create wealth. However, supervising a property can be daunting and requires significant time, effort, and expertise, which many property owners lack. Property management comes in handy…

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Asset Living Ranks No. 3 on NAHMA's 2023 Affordable 100 List

Asset Living is now the third largest management company of affordable multi-family properties in the U.S. HOUSTON, June 1, 2023 /PRNewswire-PRWeb/ — Asset Living, a Houston-based real estate management firm, has climbed up the ranks to become the 3rd largest management company of affordable multifamily properties in the United States. This announcement was made in…

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More than 4 in 5 adults support building more homes in their neighborhood to boost housing affordability

Published: May. 31, 2023 at 7:00 AM CDT Support is growing among both homeowners and renters for “modest densification” or “missing middle” housing. New housing types, including medium to large apartment buildings, gain majority support if built near transit and amenities. 70% of respondents believe new housing is key to creating affordability in their community…

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FHFA issues RFI on multifamily property tenant protections

The Federal Housing Finance Agency (FHFA) issued on Tuesday a request for input (RFI) regarding protections for tenants at multifamily housing properties backed by mortgages from Fannie Mae and Freddie Mac. In particular, the FHFA wants to “solicit public input on issues faced by tenants in multifamily properties, and on any opportunities and potential impacts…

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Permit Activity Plummets

Building permit activity in Fort Worth dropped significantly during the first quarter of 2023 as developers grappled with higher interest rates, increased input costs, and decreased consumer demand. Developers pulled 3,289 construction permits in the first three months of 2023 in Fort Worth, 27.3% fewer building permits than the 4,590 pulled during the same quarter…

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Texas’ city, county regulations could be hampered by pro-business bill Senate advances

AUSTIN — Cities and counties couldn’t pass ordinances on subjects ranging from gas-powered lawn mowers to rental-housing evictions under a sweeping, pro-business bill the Senate advanced on Monday. Zoning, noise and nuisance ordinances wouldn’t be affected. But local governments could not regulate on any subject covered by eight Texas legal codes, including agriculture and property,…

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Renters seeing some relief on housing costs

SAN ANTONIO — Rent is not any cheaper, but renters may have already seen peak prices. “I don’t think we’ve really come back to pre-pandemic levels,” said Jon Leckie, a researcher at Rent.com. “I think we’ve come back to normal growth levels that we saw before the pandemic. We’ve gotten back to normal growth trends,…

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College Station City Council discusses proactive rental inspection program

The city council in College Station, widely known as a college town with 27,000 rental units, recently discussed implementing a reporting process for rental property maintenance violations by discussing the possibility of drafting an ordinance for a mandatory or voluntary Proactive Rental Inspection program. Currently there is no proactive rental inspection program required by the…

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End of the line? Legislature takes aim at tax breaks widely used to create affordable housing

A taxpayer-funded financing mechanism meant to increase the supply of affordable housing — and that was conceived in San Antonio — has been under increasing scrutiny here in recent years, criticized by local figures ranging from neighborhood activists to Mayor Ron Nirenberg. More recently it’s sparked outcry in Dallas, Houston and other cities — even leading Houston Mayor Sylvester…

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Austin slams the brakes on parking mandates

Austin City Council members on Thursday voted to throw out rules that require homebuilders and shop owners to provide a minimum amount of on-site parking. By doing so, they went the way of dozens of other cities across the country, including Portland, Oregon, and Anchorage, Alaska. “How we move people around is critical,” Council Member…

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Council approves ‘bill of rights’ for renters

This is not a paywall, but The San Antonio Report depends on reader donations to support our nonprofit newsroom. We’re in the middle of our spring fundraising drive, and every dollar you give directly supports the journalism you rely on. Donations this week will be matched up to $10,000. Will you support us today? San…

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A one-bedroom apartment comes with 1.5 parking spots. Austin could change that.

Austin City Council members will decide Thursday whether to stop requiring developers to build parking. With some exceptions, city rules require most residential and commercial developers to build a minimum amount of parking spots. The number depends on several factors, including bedroom count, units or square footage of what’s being built. Council Member Zo Qadri,…

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Texas Senate passes bill to eliminate single-family zoning in neighborhoods

Texas Senate passes bill to eliminate single-family zoning in neighborhoods The Texas Senate passed a bill on Thursday that opponents say would eliminate single-family zoning in neighborhoods across the state. DALLAS – The Texas Senate passed a bill on Thursday that opponents say would eliminate single-family zoning in neighborhoods across the state.  Supporters of the…

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Dallas renters could get more time, clearer instructions if eviction rules pass

Dallas renters could see more clear communication about eviction notices and timelines, as well as in more languages than English, if the city adopts recommendations made by city staff. Dallas’ Assistant City Manager Elizabeth Cedillo-Pereira has recommended three changes to the proposed permanent eviction ordinance. One is that the ordinance be publicly available in English,…

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Embrey to develop first single-family rental community in Boerne

San Antonio-based Embrey is planning a single-family rental project in the growing city northwest of San Antonio as the company expands its investment in a hot segment of the housing market. Collection at Boerne will be the first such community in the city, according to Transwestern, a commercial real estate company.  The 214 units will be built…

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Giant $400 Million Dallas Plan to Boost Affordable Housing

To combat the soaring cost of owning or renting a home in Dallas, the City Council Housing Committee Monday heard a plan to spend as much as $400 million public dollars to attract and build affordable housing.  A 2024 public improvement bond referendum could include $150 million for housing. That’s far more affordable housing support…

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San Antonio firm building Texas’ tallest tower is now planning giant mixed-use development in Austin

AUSTIN — Kairoi Residential keeps building bigger in Austin. Seven months after the San Antonio real estate firm started construction of what’s expected to become the tallest skyscraper in Texas — the 74-story, 1,022-foot-tall Waterline tower downtown — it has revealed plans for a goliath master-planned development facing the Colorado River on the near east side….

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Can a landlord lock me out of my apartment? Renter’s rights FAQ

HOUSTON – From unhealthy and dangerous living conditions to sky-high rent increases, we get a lot of questions about your rights when it comes to renting. The issues impact a lot of people. At least half of all Houstonians are renters. We brought some of your questions to Lone Star Legal Aid attorney Eric Kwartler…

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Is Legal Marijuana Giving Local Housing Markets in 2023 a Buzz?

Not exactly. As more states have legalized weed, it’s not giving real estate values the same sort of high they received a decade ago when homebuyers were moving to states like Colorado eager to start cannabis businesses and legally toke up. But it doesn’t appear to be hurting home values either, according to a recent…

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Bachman Lake tenants deserve stronger support from the city

Reporting bad landlords who won’t fix apartments to maintain adequate living conditions should be easier for Dallas tenants, especially for those who are the most vulnerable because of their economic or immigration status. It has been a little over a month since this newspaper reported the hazardous conditions endured by Bachman Lake-area tenants, including moldy…

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Company will seek land for another luxury tower in Fort Worth

The company recently topped out Deco 969, the first residential tower in Downtown Fort Worth in about 30 years. FORT WORTH, Texas — Read this story and more North Texas business news from our partners at the Dallas Business Journal While Deco 969 remains under construction, Southern Land Company has begun prowling downtown Fort Worth…

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The U.S. housing market explained in 5 charts

(Stacker) – The once white-hot housing market may finally be starting to cool, but it’s not a buyers’ market just yet. As mortgage rates and home prices remain high, potential homebuyers are deciding not to take the plunge, mostly due to a lack of affordability. But with the U.S. short about 6.5 million homes, according to…

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Buying a Home in Texas Often Requires Outbidding Big-Money Investors

Business Buying a Home in Texas Often Requires Outbidding Big-Money Investors A pair of bills at the Lege seek to help Texans compete for real estate against these deep-pocketed companies. By Glenn Hunter April 14, 2023 2 Texas Monthly; Getty Raysall Robertson feels drained when she reflects on her ordeal of the last couple of…

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City of El Paso offers funding for development of affordable housing

The city of El Paso has released a notice of availability of $15 million in Housing and Urban Development Home Investment Partnership Program funds to support the development of multifamily affordable rental housing. The funds are available for the development of affordable housing units. Private investors or developers, public agencies and community housing development organizations…

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Dallas City Council OKs overhaul of housing plan to bolster accountability

After some heated debate, the Dallas City Council approved a housing policy Wednesday aimed at addressing longtime racial disparities that have persisted after decades of discriminatory practices. Twelve council members voted in favor of the housing policy. Adam McGough and Cara Mendelsohn, who represent areas of northern Dallas, voted against it. Mayor Eric Johnson was…

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During National Fair Housing Month, Commissioner Ellis announces $15M investment in affordable, safe, healthy housing

At the start of National Fair Housing Month, Harris County Commissioner Rodney Ellis on Tuesday strongly advocated for Commissioners Court’s approval of a $15 million investment in federal funds for county officials to purchase over 100 single-family homes for affordable housing. Many of these homes will go into the County’s Community Land Trust for long-term…

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Do Houston affordable housing NIMBYs in Tanglewood have a point? (Editorial)

Tanglewood homeowners are at it again. Trekking a few blocks from their Galleria-area enclave, where houses sell for millions, to the Houston Housing Authority (HHA), they are demanding an end to a program that has expanded affordable housing options across the city, including their leafy boulevards.  It’s a travesty, they say, that Deerwood Apartments — a…

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Building boom in Conroe worries city leaders of infrastructure readiness

While the construction of new apartment complexes around Conroe is providing needed housing for the growing community, city leaders say the building boom is raising concerns about future water, sewer and road capacity issues as development continues. “The influx of these apartment complexes has really put us behind the eight ball from an infrastructure perspective,” Councilman…

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Texas State Bill Targets Local Tenant Protections Against Eviction

A bill before the Texas state legislature would block city and county governments from issuing new laws to restrict evictions or enforce existing local regulations, potentially affecting thousands of renters in Austin, Dallas and beyond. The proposal comes in response to ordinances passed by those cities as well as San Marcos, a fast-growing Austin suburb,…

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Dallas must end Airbnb nightmare

Dallas’ housing market and our residential neighborhoods are being destroyed right in front of us. International booking platforms like Airbnb and VRBO have created a gold rush that is driving wealthy investors to snap up houses and turn them into mini-hotels — a crisis for both existing residents and those trying to find housing. This…

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See the 80 Houston-area apartment complexes that offer affordable units in exchange for tax breaks

The Houston Housing Authority on Friday launched a website where users can find affordable apartments the agency has created through tax breaks with complex owners. The site, affordablehousinghouston.com, includes a map of the 80 apartment complexes that have agreed to make units affordable in exchange for being exempted from property taxes.  The Houston Housing Authority…

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AISD Moves Toward Affordable Child Care in Old Pease Campus

Interim Superintendent Matias Segura at the March 23 meeting of the Austin ISD Board of Trustees (Screenshot via Austin ISD) With Republicans pushing bills this legislative session that would erase mention of LGBTQ+ students in public schools, Austin ISD‘s Board of Trustees wore matching Pride shirts at their March 23 meeting to show that the…

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City Announces Request for Qualifications for South Austin Multifamily Rental Housing Development Opportunity

Austin, TX – The Austin Housing Finance Corporation (AHFC) released a competitive Request for Qualifications (RFQ) solicitation to develop, own, and operate a proposed approximately 90 to 100-unit multifamily apartment on a 2.5-acre property owned by AHFC located at 5900 South Pleasant Valley Road in south Austin. Later this year, AHFC will release a separate…

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Renters gain power in housing market

(NewsNation) — The rental market is “rapidly shifting in the favor of renters,” according to RealPage, a real estate software company. “Renters facing lease renewals suddenly have a lot more options — often attractively priced as apartment operators push hard to keep occupancy elevated,” RealPage economist Jay Parsons said in a report last month. Unlike in 2021…

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25 cities where rents are rising the fastest

Elena_Alex_Ferns // Shutterstock 25 cities where rents are rising the fastest Row of contemporary residential townhouses. The cost of rent skyrocketed in the COVID-19 pandemic’s second year as homes for sale remained scarce. Millions of American millennials who couldn’t afford to rent were forced to squeeze into relatives’ homes. Rentlodex ranked cities with the highest…

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