Austin's aggressive land acquisition strategy during the pandemic aims to secure affordable housing. However, after acquiring 60 acres, much of it remains undeveloped, amid rising housing costs.
Mandy DeMayo, interim director of Austin's Housing Department, highlighted the importance of land ownership: 'Dirt is destiny. If we own it, we can work with the community to shape what gets built there.'
Despite the ambitious land-buying strategy, concern has arisen due to the slow progress in development, with key figures suggesting the city should 'hurry up' to address rising housing demands.
John-Michael Cortez reflects on the missed opportunity in 2014 regarding the 75 acres of prime real estate the city failed to secure for parks and housing development, emphasizing the need for decisive action in the future.
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