Good morning, HDS community. You may have heard about the recent global IT outage that is affecting various businesses worldwide. We want to provide you with the latest information on this issue and reassure you that our services remain largely unaffected.  Overview of the Global IT Outage  The outage began late Thursday, July 18, 2024, and has impacted numerous sectors, including airlines,...

The housing market in the United States is experiencing a notable recovery compared to previous years, with robust demand observed across various segments. Year-to-date data reveals an 8% increase in purchase applications for 30-year fixed-rate mortgages, indicating sustained interest in homeownership despite rising median mortgage rates and sales prices. Notably, first-time homebuyers are...

Housing and Development Software (HDS) is thrilled to announce our support for and celebration of our sister company, eHousingPlus, as they assume a pivotal role at the esteemed 2024 Florida ALHFA Annual Educational Conference. As a cornerstone of HDS Companies, eHousingPlus will shine brightly as a platinum sponsor of this premier event, set to unfold from July 10-13 at the picturesque Casa...

This past year, we proudly commemorated our 25th anniversary, marking a remarkable journey of growth and transformation, but today, HDS Companies proudly celebrates stepping into its 26th year. We have become the leading provider of diverse business solutions and professional technical services to the Affordable Housing and Community Development Market, collaborating with more than 230 State and...

As the housing market continues to evolve, analyzing the driving factors behind increased demand and shifting preferences among homebuyers becomes increasingly important. Recent data reveals intriguing patterns in purchase application growth by price tier, highlighting notable disparities between higher and lower-priced homes.  In the first three months of 2024, purchase applications for...

Housing prices are rising faster than wage growth in 80% of markets, creating a significant affordability gap for millions of individuals and families. According to a study by the National Low Income Housing Coalition, the hourly wage needed to afford rent on a one-bedroom apartment in America is $23.67, more than three times the federal minimum wage. This disparity underscores the urgent need...

The utilization of the 4% Low-Income Housing Tax Credit (LIHTC) has reached a new high, with affordable housing rehabilitations surpassing ground-up development. This milestone signifies a strategic shift towards revitalizing existing housing stock to address affordability challenges in communities across the United States. The LIHTC program plays a vital role in promoting the development of...

At Housing and Development Software (HDS), we are committed to leading the way in the Affordable Housing industry. That's why we're thrilled to announce our participation in the NCSHA 2024 Housing Credit Connect conference in Atlanta, Georgia, taking place from June 10th to 13th.  As one of the premier events in the industry, Housing Credit Connect brings together experts for unparalleled...

In the United States, over 40% of renters are considered cost-burdened, spending more than 30% of their income on housing costs. This alarming statistic sheds light on the rental affordability crisis that is affecting millions of individuals and families nationwide. With the average cost of a one-bedroom apartment in America reaching $1,800 a month, many renters are struggling to make ends meet...