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Housing

Housing affordability report points to a need for greater disbursement 

Austin may look good on paper as one of the hottest housing markets in the country, but a closer inspection of each City Council district reveals a disparate picture of economic vitality, according to the findings of a 2020 report…

Sale prices soaring for Austin-area homes

In the first six months of 2021, the Austin Board of Realtors reported, the median price of homes in the city of Austin has increased nearly 31 percent to $530,000. Even more eye-popping, for the month of June, ABoR said…

Housing Authority withdraws removal notice for Oak Valley residents

On Tuesday, the Travis County Commissioners Court heard from some of the 85 families who were abruptly given notice last week that they would have to leave their homes at the Rosemont at Oak Valley apartment complex by the end of the…

Make it easier to build ADUs, city staffers tell Council

In response to a City Council resolution last year aimed at making building accessory dwelling units more feasible for low- and moderate-income Austinites, city staffers have come back with several recommendations for Council action in the form of a memo…

85 families at affordable apartment complex told they must leave due to winter storm damage

More than 85 families at an affordable housing complex in Southeast Austin are being evicted this month after the management company told them it needs to do repairs caused by February’s winter storm. Capstone Real Estate Services, which manages Rosemont…

Home prices in Austin rose $100,000 in six months. When will the surge end?

When Amanda Traphagan was selling her Austin home in April, she and her husband joked that only a wealthy celebrity would be able to offer a significant amount over what they were asking. “We were making jokes about Elon Musk…

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With the help of city subsidies, over 3,000 affordable homes are in the pipeline

The Housing and Planning Department presented an update on the city’s development subsidy programs for affordable housing at Tuesday’s Housing and Planning Committee. “We know that it’s not enough, but we are proud of seeing that pipeline get filled,” said…

Allow ‘diversity of housing types,' ABoR tells Council

Representatives from the Austin Board of Realtors offered policy recommendations to City Council for ways to slow down the drastic increase in housing prices since the beginning of the pandemic. The latest housing market statistics are “dramatic,” as Jeni Williams, ABoR’s…

Neighbors delay Council’s recommendation of tax credits for affordable housing project 

Due to neighborhood concerns, Fox Hollow, an affordable housing project at 2117 Brandt Road in Southeast Austin, will have to wait two more months for City Council to recommend the project for the state’s Low Income Housing Tax Credit program.…

Espero at Rutland offers hope for the homeless

At next week’s meeting, City Council, acting as the board of directors of the Austin Housing Finance Corporation, is expected to approve funding for a 171-unit supportive housing development at 1934 Rutland Drive. In building and operating Espero at Rutland, AHFC…

Report pushes local philanthropies to help solve housing crisis

Austin Community Foundation is encouraging local philanthropic organizations to get more involved in addressing the housing affordability crisis in Central Texas, considered the root cause of the area’s growing homeless population. A recently released report, “Housing Affordability in Central Texas,”…

Council approves rezoning for Foundation Communities project, quashing valid petition

A 100 percent affordable apartment project is coming soon to Southeast Austin. City Council has approved a rezoning for the Parker Apartments, a project by affordable housing developer Foundation Communities with 135 income-restricted units catering to families. Council members voted…

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