Austin helped buy cheap apartments with the intent of keeping prices low. Instead, rents went up. - Austin Monitor
Briefly

from Austin Monitor5 months ago
"No one will be displaced," James May, who works for Austin's housing department, told community members at a meeting in July. "We are not going to raise their rent ... and we are not going to make them leave."
Austin Monitorhttps://www.austinmonitor.com/stories/2023/12/austin-helped-buy-cheap-apartments-with-the-intent-of-keeping-prices-low-instead-rents-went-up/
It's a compromise renters understand intimately. Put up with delayed maintenance and shabby interiors in exchange for paying less than your neighbors.
Austin Monitorhttps://www.austinmonitor.com/stories/2023/12/austin-helped-buy-cheap-apartments-with-the-intent-of-keeping-prices-low-instead-rents-went-up/
Read at Austin Monitor
#Austin #affordable housing #real estate #rent #displacement
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