In the latest U.S. Spotlight, John Bleasby looks at how affordable housing in Texas is proving a tough nut to crack.
LIBRARY OF CONGRESS — The Houston Land Trust, located in the city’s historic Third Ward, has recently had its funding cut.
Relentless sprawl into undeveloped lands beyond city borders has been a staple housing solution in Texas for many years. The number of new homes, built either as standalone housing developments or as master plan communities, total in the thousands. Yet for the most part, these have not focused on either the affordable housing or the built-to-rent markets.
Nevertheless, BTRs, or Build-to-Rent communities, are growing in popularity in many areas across the U.S. South in response to soaring house prices. Here again, prospective developers find they must combat NIMBYism by investing in efforts to educate cities, local councils and, most importantly, local residents, if they are to be successful in their applications.Dallas-Fort Worth is experiencing permit delays that frustrate prospective developers.
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