#renting

. Is the home an asset or a liability? Meaning, does it make you money or cost you money? We've had a liability asset conversation before, haven't we? You guys comfortable enough with that to answer the question? Yeah, I have an answer. Yeah. I think, well, I'm fairly certain a home is an asset.

Interesting. Because it makes money. Okay. Gideon, I think it's a liability. You know, you're, you're both right. No, how is that possible? Well, most people misunderstand that it is just an asset. However, there's a lot of liability tied to owning a home that people don't think about. And so what we're going to do today is we're going to go through some financial consideration.

Buying a home, the length you plan on staying in a home, market conditions, as well as your lifestyle and flexibility of owning a home. I want to start by letting the listener know I'm kind of biased. I have a home, working on a second home right now. So that just is a place to come from as I'm a homeowner by nature, but don't know for sure that  it's for me long term.

If you're a renter or fortunate homeowner, listen in when we talk with Tammye Treviño, Executive Director of the Bexar County Housing Authority about the challenges to keep your place home: Renters that are cost-burdened and homeowner circumstances that affect ability to pay/repay. And this episode doesn’t just pertain to low-income or affordable housing programs but also foreclosure and eviction moratoriums. Renters: COSA and Bexar County TRAM programs for eviction prevention and temporary assistance with rental payments/eviction process/assistance. Homeowners: Mortgage deferrals and forbearance programs Refinance Programs/Loan Modifications/foreclosure process/assistance Ms. Tammye Trevino is the Executive Director for the Housing Authority of Bexar County (HABC) where she manages a $30-million-dollar public housing agency that administers Affordable Housing Developments and Housing Choice Vouchers with related self-sufficiency programs for low to moderate income families. As a Public Facilities Corporation, HABC owns 100% of 3 multi-family developments and is in partnership with other owners of additional projects through the assistance of the U.S. Department of Treasury’s Low Income Housing Tax Credit Program and local bond authority from the Bexar County Housing Finance Agency. Previously, Ms. Trevino served as a political appointee for the first and second term of President Obama’s Administration from 2009 to 2017. She was first appointed as the national Administrator for USDA’s Rural Development, Rural Housing Program where she administered a $25 Billion budget, $100 Billion loan portfolio and 16 programs targeting low and moderate-income families in Single Family Housing/Mortgage Lending, Multi-Family Housing and Community Facilities. She engineered new programs, delivery models and regulations that met the needs of the population served and contributed substantially to efforts to expand credit management programs into rural areas via nontraditional methods and supervised credit arrangements with individuals, developers and banks. Her desire to delve into urban matters led her to the U.S. Department of Housing and Urban Development under the Administration’s second term and she moved back to Texas where she was appointed the Regional Administrator for Region 6, overseeing all HUD activities in Texas, New Mexico, Arkansas, Oklahoma and Louisiana. From 1999 to 2009, Ms. Treviño served as chief executive officer for FUTURO, a Uvalde, Texas, non-profit organization providing housing, business and community development including a micro-lending program for small businesses. She also served as the economic development director for LaSalle County, Texas, where her accomplishments included a lead role in converting a 47-county, South Texas think tank into a non-profit organization to work on regional economic development responding to the changing needs of its growing, and largely Hispanic population.

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