logo
Food bank launches 5-year plan to combat food insecurity in North Texas

Food bank launches 5-year plan to combat food insecurity in North Texas

Yahoo17-05-2025

The Brief
The North Texas Food Bank has launched a five-year "Fulfilling Futures" initiative.
The plan aims to move beyond food distribution to address the root causes of hunger through programs like Food RX and support services.
Nearly 774,000 people in North Texas, including one in five children, are food insecure, a situation worsened by rising rent and grocery costs.
DALLAS - The North Texas Food Bank has unveiled a plan to combat hunger at its roots and build self-sufficient communities in North Texas.
What we know
On Friday, the NTFB launched a new, five-year initiative called Fulfilling Futures, designed to go beyond feeding to fueling long-term wellbeing across the region.
"This includes optimizing our supply chain, really leaning into some warehouse management systems we have, really track that food and get it out efficiently to our community," said Trisha Cunningham, the nonprofit's president and CEO.
The plan also includes growing NTFB's Food RX program, partnering with at least 50 medical clinics in the next five years, and increasing investments in those partners who are offering wrap-around services such as career training, financial coaching, and health care.
What you can do
"We cannot do this work alone, especially as we look towards the future," Cunningham said. "So we want the community to continue to join us to donate, volunteer, and advocate for those strong anti-hunger policies."
By the numbers
Over the past five years, the NTFB has doubled its meal distribution.
"People are really surprised by that because all of the economic growth in our community. But we still have the eighth highest number of people who are food insecure," Cunningham said.
Approximately 774,000 people in North Texas, including one in five children, experience food insecurity.
"We know that inflation has led food insecurity at the zip code level and it's very difficult for some of these people who are food insecure to make these tough choices," she said.
Cunningham pointed to a Zillow study that found rent in Dallas has gone up by 30% over the past five years. Groceries also went up by 22% during that time, according to the Bureau of Labor Statistics.
"Do I pay for my rent, my groceries, my medicine? Because they have these fixed costs that they have to meet. But then what gives? So, that's why we're seeing more people coming to us for access to that," she said.
The Source
The North Texas Food Bank held a news conference on Friday to announce details in this story.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Even Richmond renters earning $160K aren't buying homes
Even Richmond renters earning $160K aren't buying homes

Axios

time3 hours ago

  • Axios

Even Richmond renters earning $160K aren't buying homes

Nearly 7% of renters in the Richmond area made more than $160,000 in 2023, per a Redfin analysis of the latest Census data. Why it matters: Sky-high home prices, elevated mortgage rates and a shortage of houses for sale pushed homeownership out of reach for many after the pandemic. The competition for homes is intense, houses here sell quickly and more are selling for over a million dollars. And while $160,000 is almost three times the median city salary, it's not million-dollar-home comfortable. Between the lines: Redfin researchers noted that some wealthier renters are opting for a more flexible lifestyle and not investing their money in real estate. Plus, in the Richmond area, nearly half of Zillow rental listings are offering some concessions like a free month's rent or utility discounts to make renting more enticing. By the numbers: Redfin defined wealthy renters as those with a household income in the top 20% of local incomes — about $160,700 in the Richmond area in 2023.

Mortgage and refinance interest rates today, June 12, 2025: Decreases following favorable inflation report
Mortgage and refinance interest rates today, June 12, 2025: Decreases following favorable inflation report

Yahoo

time4 hours ago

  • Yahoo

Mortgage and refinance interest rates today, June 12, 2025: Decreases following favorable inflation report

Mortgage interest rates are lower this morning, following a better-than-expected inflation report on Wednesday. According to Zillow, the average 30-year fixed mortgage rate fell five basis points to 6.76%, while the 15-year fixed rate moved three basis points lower, to 5.96%. The latest Consumer Price Index showed inflation notching a slight 0.1% increase, with any tariff-related impact not yet affecting the public's pocketbooks. While that's good news for consumers, it means any rate cut by the Federal Reserve will likely be delayed until September. For mortgage rates, it remains business as usual: waiting for a reason to make a substantial move up or down. Dig deeper: What the latest CPI report means for mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.76% 20-year fixed: 6.34% 15-year fixed: 5.96% 5/1 ARM: 6.84% 7/1 ARM: 6.46% 30-year VA: 6.28% 15-year VA: 5.65% 5/1 VA: 6.20% Remember, these are the national averages and rounded to the nearest hundredth. Learn more: How to get the lowest mortgage rate possible Here are today's mortgage refinance interest rates, according to the latest Zillow data: 30-year fixed: 6.83% 20-year fixed: 6.35% 15-year fixed: 5.95% 5/1 ARM: 7.13% 7/1 ARM: 6.59% 30-year VA: 6.31% 15-year VA: 6.04% 5/1 VA: 6.08% As with the purchase mortgage rates, these are national averages we've rounded to the nearest hundredth. Refinance rates can be higher than purchase mortgage rates, but that isn't always the case. Use the mortgage calculator below to see how various mortgage rates will impact your monthly payments. The free Yahoo Finance mortgage payment calculator goes even deeper by including factors like homeowners insurance and property taxes in your calculation. You can even add private mortgage insurance costs and HOA dues if they apply to you. These monthly expenses, along with your mortgage principal and interest rate, will give you a realistic idea of what your monthly payment could be. A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. There are two basic types of mortgage rates: fixed and adjustable rates. A fixed-rate mortgage locks in your rate for the entire life of your loan. For example, if you get a 30-year mortgage with a 6% interest rate, your rate will stay at 6% for the entire 30 years. (Unless you refinance or sell the home.) An adjustable-rate mortgage keeps your rate the same for the first few years, then changes it periodically. Let's say you get a 5/1 ARM with an introductory rate of 6%. Your rate would be 6% for the first five years and then the rate would increase or decrease once per year for the last 25 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and U.S. housing market. At the beginning of your mortgage term, most of your monthly payment goes toward interest. As time passes, less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed. Dig deeper: Adjustable-rate vs. fixed-rate mortgage — Which should you choose? Two categories determine mortgage rates: ones you can control and ones you cannot control. What factors can you control? First, you can compare the best mortgage lenders to find the one that gives you the lowest rate and fees. Second, lenders typically extend lower rates to people with higher credit scores, lower debt-to-income (DTI) ratios, and considerable down payments. If you can save more or pay down debt before securing a mortgage, a lender will probably give you a better interest rate. What factors can you not control? In short, the economy. The list of ways the economy impacts mortgage rates is long, but here are the basic details. If the economy — think employment rates, for example — is struggling, mortgage rates go down to encourage borrowing, which helps boost the economy. If the economy is strong, mortgage rates go up to temper spending. With all other things being equal, mortgage refinance rates are usually a little higher than purchase rates. So don't be surprised if your refinance rate is higher than you may have expected. Two of the most common mortgage terms are 30-year and 15-year fixed-rate mortgages. Both lock in your rate for the entire loan term. A 30-year mortgage is popular because it has relatively low monthly payments. But it comes with a higher interest rate than shorter terms, and because you're accumulating interest for three decades, you'll pay a lot of interest in the long run. A 15-year mortgage can be great because it has a lower rate than you'll get with longer terms, so you'll pay less in interest over the years. You'll also pay off your mortgage much faster. But your monthly payments will be higher because you're paying off the same loan amount in half the time. Basically, 30-year mortgages are more affordable from month to month, while 15-year mortgages are cheaper in the long run. According to 2024 Home Mortgage Disclosure Act (HMDA) data, some of the banks with the lowest median mortgage rates are Bank of America and Citibank. However, it's a good idea to shop around for the best rate with not just banks, but also credit unions and companies specializing in mortgage lending. Yes, 2.75% is a fantastic mortgage rate. You're unlikely to get a 2.75% rate in today's market unless you take on an assumable mortgage from a seller who locked in this rate in 2020 or 2021, when rates were at all-time lows. According to Freddie Mac, the lowest-ever 30-year fixed mortgage rate was 2.65%. This was the national average in January 2021. It is extremely unlikely that rates will dip below 3% again anytime soon. Some experts say it's worth refinancing when you can lock in a rate that's 2% less than your current mortgage rate. Others say 1% is the magic number. It all depends on what your financial goals are when refinancing and when your break-even point would be after paying refinance closing costs.

Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says
Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says

CNBC

time20 hours ago

  • CNBC

Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says

For potential homebuyers, the U.S. housing market is hard to read right now. Affordability remains an obstacle, with elevated mortgage rates and a median home price of $442,000 — up 0.9% from a year ago, according to Redfin data. However, inventory is rising in many markets, especially in the South, giving buyers more leverage to negotiate prices. Redfin expects home prices to decline 1% year over year by the end of 2025, a forecast that aligns with Zillow's projected 1.4% drop over the same period. Overall, the market is "a mixed bag," says Ben Jacobs, a real estate broker with Douglas Elliman. "On one hand, we're seeing more inventory and seller concessions, which offer some breathing room for buyers. On the other, mortgage rates aren't expected to drop significantly anytime soon, which continues to impact affordability." Most major forecasts expect 30-year fixed mortgage rates — currently around 6.85% — to stay above 6% throughout the year, consistent with where they've been so far in 2025: Tariffs are adding to the uncertainty. Tariffs on building materials are expected to drive construction costs higher, which could slow new homebuilding and add upward pressure to prices. "It's a catch-22 for homebuyers," Chen Zhao, Redfin's head of economics research, wrote in a May statement. "Mortgage rates are unlikely to fall unless all of the new tariffs are eliminated, or if the country falls into a fairly severe recession — which would cut housing budgets for many Americans." Buyers have more negotiating power than they did a year ago, due to more inventory on the market, fewer bidding wars and a growing share of sellers offering concessions. Price reductions are more common. In May 2025, about 22% of listings had price cuts, a year-over-year increase of roughly five percentage points, according to Redfin's most recent data. Sellers are increasingly willing to offer other incentives, too. In April, Redfin reported that sellers gave concessions in 44% of home sales — about 10 percentage points higher than last summer. These concessions are separate from price reductions and include money toward repairs, closing costs or mortgage-rate buydowns. Housing inventory is improving in several markets. States such as Texas, Florida, Tennessee and Colorado now have more homes for sale than they did before the Covid-19 pandemic, according to Now is "still a good time to buy, especially for well-prepared buyers who find a home that fits their long-term needs and can negotiate favorable terms," says Jacobs. He notes the risk that "new tariffs on building materials could push prices higher again, particularly for new construction." "This summer presents a real opportunity for serious buyers," says Nancy Batchelor, vice president at real estate firm Compass. But with a still-shifting market, she cautions that buyers should be prepared and realistic about what they can comfortably afford. "Timing the market perfectly is nearly impossible," she says, but finding the right home at a price and payment that fits your budget "is always a smart move."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store