CONNECT WITH US INSPIRATION INFLUENCE IMPACT THE FOUNDATION COMMUNITY PARTNERS HOUSING HOME // INSPIRATION // HOUSING THE ISSUE From adequate rentals to starter homes, Comal County lacks enough affordable housing. In 2018, the median market rate in New Braunfels for a two-bedroom apartment was $1,183 per month before utilities. In contrast, Housing and Urban Development (HUD) set the fair market rent for the same apartment at $1,001 per month, including utilities. Assuming rent should be approximately one-third of a family’s annual expenses, an hourly wage of $20.48 per hour ($42,599 per year) is needed to afford the market rate or $17.33 per hour ($36,046 per year) for the HUD rate. Considering the minimum wage in Texas is $7.25 per hour, many working families struggle to maintain housing. Our neighbors in need include: minimum/low wage earners people living on the streets people who are couch surfing families living doubled up in single-family spaces youth aging out of foster care seniors on limited fixed incomes families stuck in poor building and site conditions that are unsafe, unhealthy, and over-priced AVERAGE WORKER MAKING MIN WAGE WOULD NEED 2.5 FULL-TIME JOBS JUST TO AFFORD HOUSING IN NEW BRAUNFELS Source: HUD/National Low Income Housing Coalition 2018 Out of Reach Report 2.5 JOBS Number of full-time jobs a minimum wage earner needs to afford rent $1,001 Two-bedroom fair market rent $40,040 Annual income needed to afford a two-bedroom rental THE INSPIRATION We envision a community where every child and adult is able to count on something most families take for granted – a bed. New Braunfels is experiencing one of the fastest population explosions in the country. While new housing is being made available every year, it is not on a level to match those who already live here in addition to the influx of new residents. This has caused a housing crisis that has resulted in inflated rent prices; pushing once-affordable housing out of the grasp of lower-income residents. So we’ve started doing something about it. Something big. Something that could break the cycle of homelessness for families for generations. LEARN MORE ABOUT NB HOUSING PARTNERS » McKenna is active in providing services to enhance the health and well-being of the New Braunfels community, serving as a partner and resource to others who share our goals — now and for future generations. 801 W. San Antonio St. New Braunfels, TX 78130 (830) 606-9500 (830) 606-9535 8:30a.m. – 5:00p.m. M-F IT Helpdesk © McKenna Foundation