5woods – Real Estate and Development Advisory Services

Maintaining Houston’s Affordability for Working Class Families

5woods — Mon, 05 Jun 2023 23:19:20 +0000

https://www.fox26houston.com/news/maintaining-houstons-affordability-for-working-class-families

Growing Diverse Housing Developers: A New Training Program For Developers of Color

5woods — Mon, 05 Jun 2023 23:17:51 +0000

Growing Diverse Housing Developers: A New Training Program For Developers of Color

Houston area minority developer working to bring affordable housing to Houston through new Wells Fargo program

5woods — Mon, 05 Jun 2023 23:15:09 +0000

https://www.click2houston.com/news/local/2022/07/27/houston-area-minority-developer-working-to-bring-affordable-housing-to-houston-through-new-wells-fargo-program/

Houston’s Housing Affordability An Action Plan for 2023 and Beyond

5woods — Fri, 04 Nov 2022 10:43:00 +0000

Since the 2015 publication of the initial white paper titled “Maintaining Houston’s Affordability for Working Class Families”, which took a comprehensive look at the state of the housing market of one of the most affordable of America’s largest cities. Prior to the 2008 financial crisis, Houston was for a long time regarded as a hidden gem for housing stock and affordability and the region was recognized consistently in national and international rankings of best places to live. In contrast to the economic malaise that hung above most of the United States, the improvement in horizontal drilling/fracking technology in the country led to a major boom in the oil and gas sector, a significant driver of Houston’s economy.

Improving Housing for Working Class Residents: Houston 2025 Workforce Housing Plan

5woods — Tue, 01 Mar 2016 11:39:00 +0000

The City of Houston, fourth most populous city in America, and soon to be number three based on its current growth rate. This welcome growth has brought a number of challenges, particularly in areas of transportation infrastructure and housing affordability. If Houston is to continue to thrive and prosper, city leaders must work vigorously to help retain its two main selling characteristics: economic opportunity and affordable cost of living.

The City plays a role in maintaining a business friendly regulatory environment that helps attract new employers and retain existing businesses within the city, however, the City plays a very limited role in job creation. In housing, contrastingly, the City can play a more significant role in delivery of moderately priced housing, and in implementation of policies to preserve the City’s housing affordability

Maintaining Houston’s Affordability for Working Class Families

5woods — Fri, 04 Sep 2015 10:34:23 +0000

Long viewed as a hidden gem largely outside the nation’s spotlight, the city of Houston has been ranked as the best place to live in several different categories by national and international publications over the last five years. Likely due to its new found popularity, and the region’s economic prowess, the Bayou City is becoming a less affordable place to live. Houston has long been renowned for its real estate affordability and good neighborhoods making the city score high on the quality of life index.

However, as the city weathered the recession and continued to create new jobs, the demand of new residents led to a real estate spike, drove up land and rent prices in good neighborhoods and within the urban core. The success of the real estate market and the lack of supply has led to a dearth of affordable real estate options in quality neighborhoods, leaving less desirable neighborhoods as the only places where working class families can find a place they can afford to live.