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221 East 11th Street, which has offices for Texas Department of Housing and Community Affairs. The Texas Department of Housing and Community Affairs (TDHCA) is the state's lead agency responsible for homeownership, affordable rental housing, community and energy assistance programs, and colonia activities serving primarily low income Texans.
It was eventually sold to Bob Jones, a businessman in El Paso in 2004 for around $1.6 million. [30] In 2006, El Paso businessman, Paul Foster, purchased the building in a package deal. [31] By 2018, the Housing Authority of the City of El Paso (HACEP) had started working on renovating the building to support offices and low-income apartments. [32]
The Housing Authority of the City of El Paso purchased the building in 2017. The building recently went through a $55.3 million major renovation and the mixed-use project includes office space, retail space, and 120 low-income apartments.
Residents of colonias pay, on average, 58% of their income on housing. [17] In comparison, a two-bedroom apartment in Albuquerque, New Mexico costs $830, only 20% of the average income in the U.S. [30] Colonia housing costs too much relative to the resident earnings and the living conditions are significantly worse.
41-50 Cities Where Americans Can Afford Rent. The average monthly rent in the following cities is between $1,600 and $1,700 a month, and the minimum salary needed to keep housing costs to 30% or ...
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