With housing costs on the rise across Texas, finding an affordable place to live has become a crisis for too many families. Family incomes are not rising nearly as quickly as home prices in most regions of the state. According to studies, housing costs should account for less than 31 percent of a family’s income; but unfortunately, almost half of all Texas households (49 percent) are spending more than that to keep a roof over their heads. They are considered cost-burdened, and that burden increases as housing and rental costs rise to 40 percent, 50 percent or even more of a family’s monthly income.
We are very proud and thankful for the sponsorship and donations from the Texas Bankers Association and American Bank.
Zane Smith of American Bank, Zach Malone of Texas Bankers Assocation, Michael Yorba of Advance Community Fund, Levi Davis, of Advance Community Fund, John Gosser of Advance Community Fund.