Austin to build affordable homes on land that used to be owned by AISD


ONCE WE LEARN MORE INFORMATION, WE WILL SHARE THAT WITH YOU. BY AROUND THIS TIME NEXT YEAR, THE EMPTY LOT YOU SEE HERE IS GOING TO LOOK A LOT DIFFERENT. SYDNEY: THE CITY OF AUSTIN BOUGHT THAT LAND ON DOORS DRIVE FROM THE AUSTIN ISD. WE HAVE LEARNED MORE ABOUT THE CITY’S PLANS IN AN EFFORT TO HELP ADDRESS AUSTIN’S AFFORDABILITY CRISIS. REPORTER: MANY PEOPLE SAY THEIR RENT HAS DOUBLED. IT IS VERY IMPORTANT — EXPENSIVE. REPORTER: THE CITY IS TRYING TO HELP. IT IS APPROXIMATELY 1.3 ACRES OF VACANT LAND. THE CITY BOUGHT THIS LAND USING A BOND THE VOTERS APPROVED. FOUR OF THEM WILL BE RENTAL HOUSING, AFFORDABLE TO FOLKS AT OR BELOW 50% MEDIAN FAMILY INCOME. AND FOR WILL BE SINGLE-FAMILY OWNERSHIP OPPORTUNITIES FOR FAMILIES. REPORTER: THEY ARE ALSO WORKING ON SEVERAL OTHER PROJECTS. THEY ARE BUILDING SEVERAL FAMILY HOMES IN EAST AUSTIN AND NORTH-CENTRAL. IT THEY ARE LOOKING FOR DEVELOPERS TO BUILD AFFORDABLE HOMES AT THESE LOCATIONS. THE EIGHT ACRES ALSO PURCHASED FROM AISD. WE LOOKED AT SERVICES, AMENITIES, TRANSPORTATION, AND SCHOOLS. REPORTER: SANDY SAYS THE PROJECTS THE CITY TAKES ON, BOTH BIG AND SMALL, MAKE A DIFFERENCE. EVERY UNIT COUNTS. SYDNEY: THE CITY ISN’T ACCEPTING APPLICATIONS FOR THE DEVELOPMENT JUST YET. THE MEDIAN INCOME FOR A FAMILY OF FOUR IS ABOUT $96,000. ROBERT: WE ALSO FOUND OUT THE STATUS OF OTHER PROPERTIES THE AUSTIN ISD PUT TOGETHER. THIS IS ON EAST 51ST STREET. THEY SPENT ALMOST $12 MILLION AND THEIR PLAN IS TO WRITE HOUSING WITH 25% SET ASIDE FOR THOSE THAT NEED AFFORDABLE HOUSING. THEY TOLD THE AUSTIN I IS THE BOARD THAT THEY WOULD MARKET THOSE TO DISTRICT EMPLOYEES AND FAMILIES. AND ALSO THE HEADQUARTERS WAS PURCHASED BY THE DEVELOPMENT AREA FOR $36.5 MILLION. THEY MANAGE AND LEASE PROPERTIES.

2 thoughts on “Austin to build affordable homes on land that used to be owned by AISD

  1. The developers will be sued for possibly harming salamanders and/or contributing to climate change. Won't be affordable after 20 years of court battles.

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