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Tag Archives: affordable housing
Council debates how to convert downtown property into affordable housing
Almost every member of City Council agrees that the city should use two pieces of prime downtown real estate for affordable housing. However, questions and potential disagreements remain about how the land should be used to provide housing. Some Council…
Housing • By Jack Craver • Oct 8, 2018
With first acquisition, workforce housing fund looks for capital to grow
A real estate investment fund aimed at preserving Austin’s fast-disappearing supply of workforce housing announced the acquisition of its first 308-unit rental property in North Austin. The Austin Housing Conservancy recently closed on the Preserve at Wells Branch in a…
Housing • By Chad Swiatecki • Sep 27, 2018
Low-income housing project advancing in Northwest Austin
An affordable housing development that has drawn fierce opposition from nearby residents in North Austin is one step closer to realization. The proposed Elysium Grand apartments at 3300 Oak Creek Drive, just west of MoPac Expressway, will include 90 units.…
Housing • By Jack Craver • Sep 27, 2018
Council to put off hearing on tax credit property
At the request of Council Member Delia Garza, on Thursday City Council will likely postpone a scheduled hearing and consideration of whether to give the city’s blessing to 4 percent affordable housing tax credits to a proposed apartment complex for…
Development • By Jo Clifton • Sep 20, 2018
Fewer Austin residents are burdened by housing costs, but many still struggle
Austin is slowly making progress toward becoming a more affordable city, according to a new analysis, but many residents are still finding it difficult to pay for housing. The report released Wednesday by the nonprofit HousingWorks Austin finds that compared…
Housing • By Syeda Hasan • Sep 6, 2018
Powell Lane apartments win first-round OK
City Council last week unanimously approved on first reading a zoning change for 8 acres in North Central Austin with just a few questions and little discussion. The developer’s representative, Alice Glasco, said the magic words – affordable housing –…
Zoning • By Jo Clifton • Sep 5, 2018
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Affordable housing crisis: To conserve or to create?
As Austin struggles with an ongoing shortage of affordable housing, some housing activists and elected officials believe the city’s top priority should be creating new housing, both by allowing the market to build new units that target various income levels…
Housing • By Jack Craver • Aug 24, 2018
How can Austin incentivize affordable housing?
Members of City Council believe it’s time for a change to the city’s density bonus programs. Currently, Austin has 13 “development incentive programs” that offer developers additional building entitlements if they provide a certain amount of housing that is affordable…
Housing • By Jack Craver • Aug 23, 2018
HealthSouth site gets top spot in ULI affordable housing study
An analysis of some of the city’s most-prized parcels of land has found that the former HealthSouth property downtown would have the biggest impact on the local housing shortage if the property were converted to affordable housing. The new white…
Housing • By Chad Swiatecki • Aug 15, 2018
East Austin affordable housing resident advocates for better living conditions
Candace Hunter applied to live at the Reserve at Springdale as soon as she could. When the nearly 300-unit property was completed last year, it brought much-needed affordable housing to East Austin. Within the year, the complex – which houses…
Housing • By Syeda Hasan • Aug 6, 2018
County commissioners see SH-45 development as key to more affordable housing
On Tuesday, the Travis County Commissioners Court received an update on Turner’s Crossing, a proposed mixed-use subdivision that would be located about 15 miles south of downtown Austin. The project will make use of a public improvement district to fund…
Housing • By Ryan Young • Jul 27, 2018
Affordability on the minds of housing experts gathered in Austin
Business leaders from throughout the real estate industry spent most of this week in Austin focused on solving the affordable housing shortage that is reaching crisis levels in Austin and most other major cities around the country. The draw for…
