Texas Housing Conservancy’s Post

New report puts Austin's affordability crisis for teachers on display https://ift.tt/YSvQNtI A new report from real estate company Redfin states that teachers in the Austin metro can only afford 59% of apartments and 1% of homes near schools. The report states that metro teachers’ median pay was $63,027, up 2.1% from 2023. “Homeownership remains out of reach for a lot of educators, who, unlike many workers today, don’t have the flexibility to work remotely from somewhere more affordable. Building affordable housing near schools should be a priority for U.S. policymakers, but that’s… via Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com https://ift.tt/1PmxJj4 August 22, 2024 at 07:25AM

From 2021- "Escalating costs of living—including housing costs— (...) may prevent teachers, who have midlevel incomes, from moving to or staying in the area. This can be especially true for teachers working in high-poverty neighborhoods of increasingly unaffordable cities." --> "School districts and local governments interested in reducing turnover and growing the supply of teachers in urban schools might consider partnering to increase affordable housing closer to schools, offer housing stipends or low-cost loans, and make financial crisis grants available to teachers." JC: Housing proximity to schools as a workplace not only reinforces retention, but saves money and time on commuting costs, reduced environmental impact, and (probably) improved engagement in the school as a neighborhood, place-based institution. Urban Institute - Urban Land Institute American Planning Association Wisconsin Housing and Economic Development Authority (WHEDA) League of Wisconsin Municipalities National League of Cities Wisconsin Department of Public Instruction Wisconsin Education Association Council (WEAC) Wisconsin Public Education Network Middleton-Cross Plains Area School District Eau Claire Area School District American Planning Association Public Schools and Communities Division https://lnkd.in/gfMJxBCZ

Did you see that the City of Greenville and Greenville County Schools have both recently shared their new budgets? The City’s budget prioritizes the city’s top five focuses: neighborhoods and affordable housing, economic development, recreation, open spaces and sustainability, mobility and transportation, and public safety and engagement. The affordable housing plan totals $2.5 million with $550,000 dedicated to homeless support initiatives. The city will use $1 million for the Neighborhood Sidewalk Targeted Expansion Plan, which is responsible for constructing new sidewalks on city-owned streets. Additionally, $1.4 million will be used in local and state accommodations tax funding for workforce housing. Transit has been allocated approximately $12 million as well. You can read more at https://ow.ly/nFA050SiV1O. Greenville County Schools approved the $922 million budget for fiscal year 2025, which includes a millage rate tax increase of 3.8 mills. 93% of the budget’s expenditures is designated for employee salaries and benefits and includes a $2,700 pay increase at every level of the teacher salary schedule. Additionally, the budget includes funding to hire additional teachers and staff with the projected student growth as well as for 19 new teachers for multilingual learners, You can learn more at https://ow.ly/CK0450SiV1R. #yeahthatgreenville #greenvillesc #advanceandthrive

There are two major factors influencing the appreciation of the housing market in the greater Boston area: the quality of the school district and the proximity to the city of Boston due to concentrated high-paying jobs in Boston and aged traffic infrastructure in the region. For many many years prior to Covid, the appreciation for towns with proximity to Boston (defined by Route 95) but without top schools (e.g. Woburn) overweight top school districts located further out around route 495 such as Towns Acton and Westford. Now the trend seems to be changing. .... https://lnkd.in/eb2jfkTF

🏡 Teachers across the U.S. face a housing crisis, unable to afford homes near their schools. While some school districts are stepping up to help, the struggle persists for workers in other essential industries. Learn more about this topic and other real estate news in this week's edition of Trust This. Link to article: https://lnkd.in/eNZkGNK6 Please like, share, and comment below if you found this article insightful! #newsletter #realestatenewsletter #HousingCrisis #teachersdeservehomes #realestateinvesting #realestatemarketpredictions #realestateinvestors #mylandtrustee

This isn’t political—🗣️Pay Teachers More.🗣️ Providing “affordable housing” without significantly raising teacher wages is not a solution—it’s an act of keeping teachers impoverished. We should be empowering educators to independently create a future for themselves and their families, not just offering temporary fixes that don’t address the root issue. 💡What are your thoughts on how we can better support our teachers? https://lnkd.in/dm_rYmSf #PayTeachersMore #SupportEducators #EducationReform

Affordable housing is an urgent concern for students embarking on their higher education journey. Contrary to the stereotype that portrays students as carefree individuals unaffected by financial burdens, the reality is that many face significant challenges in finding secure and affordable housing. It is crucial to acknowledge these hurdles and advocate for a more inclusive and supportive environment that recognizes the unique housing needs of students pursuing educational pursuits. #affordablehousing #studenthousing #inclusivecommunitiesproject

With a significant gap between demand and supply, Birmingham is on a mission to provide quality housing for its student population. Learn about the developments underway to bridge this gap. Read TheSectorScope.com’s full Regional Report today https://ow.ly/8ioE50QXy2k. #StudentHousing #EducationalInfrastructure

Many schools are facing housing woes this fall, and the impact on students is real. Now is the time to get ahead for next year. Scion can help you develop a strategic housing plan to address capacity, affordability, and long-term sustainability.   #StudentHousing #StrategicPlanning #HigherEd #ScionAdvisory

Moody's reports a nearly 30% rise in student housing rents over the past decade, spotlighting affordability challenges for students nationwide. Amidst the complex dynamics of student housing investment highlighted by The Wall Street Journal, this insight calls for a deeper discussion on balancing investment returns with student welfare. Read more: https://lnkd.in/gVwMyyt3