New this A.M.: Buying or renting a home in Texas used to be relatively cheap. But the state's once-lauded housing affordability has slipped.
Here's how state lawmakers may tackle the state's housing affordability crisis this year.
https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege
Here's how state lawmakers may tackle the state's housing affordability crisis this year.
https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege
Comments
I look forward to them taking more control & making shit spiral even worse
Only good thing @ rise of GOP is that it's accelerated sun-belt descent into hell #NorthWillRiseAgain
Texas needs about 320,000 more homes than it has, per a recent estimate.
https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege
One avenue they may go down: addressing local regulations critics say prevent the state from adding enough homes to meet demand.
https://apps.texastribune.org/features/2024/texas-housing-affordability-zoning/ @texastribune.org #txlege
Two GOP lawmakers have filed bills aimed at doing so after a similar one died in the Texas House in 2023. https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege
One GOP bill would tackle lot-size requirements, which can drive up a home's final cost & limit how many homes can be built https://apps.texastribune.org/features/2024/texas-housing-affordability-zoning/ @texastribune.org #txlege
A bill filed by a Lubbock Republican would shield single-family neighborhoods from cities' attempts to allow more housing.
https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege
-Cutting property taxes (likely)
-Reining in institutional investors' homebuying activity (🤷♂️)
-Spending more on housing for low-income families (doubtful)
https://www.texastribune.org/2025/01/06/texas-legislature-housing-affordability-crisis/ @texastribune.org #txlege