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More affordable housing is needed in Eagle Ford Shale region, UTSA study shows

by admin on July 13, 2012

Young families with school-aged children will account for the bulk of the individuals that will move in the South Texas counties that span the Eagle Ford Shale, according to a study released by the University of Texas at San Antonio Institute for Economic Development.

All of this points to a projected shortage in housing in six rural counties, in particular.

Researchers Azza Kamal and Richard Tangum released the Eagle Ford Shale Strategic Housing Analysis, which specifically looked at housing inventory in Dimmit, Frio, La Salle, Maverick, Webb and Zavala counties. The Eagle Ford Shale is a 400-mile long geologic formation that is proving to be a rich source of natural gas, condensate, oil and natural gas liquids. Last year, oil-and-gas operators in the 24-county region generated $25 billion in revenue for South Texas.

“The Eagle Ford Shale oil and gas play is one of the most significant oil and gas finds in Texas history, and it has attracted an influx of transient and permanent workers from across Texas and the nation,” says Small Business Development Director Gilbert Gonzalez. “As we look 10 to 15 years into the future, it is clear that housing stock, public service, infrastructure and public utilities will need to be improved and expanded to accommodate the influx of new residents.”

UTSA projects that the population of these six counties will grow to 86,297 by 2025, up from 65,958 in 2010. Because of the influx of population, more market-rate housing will be needed to keep pace with the growth in these six counties. Housing is needed to accommodate workers moving to the region employed by oil-and-gas operators.

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