Who pays if we don't create affordable housing for Austin real estate?
This question was posed at the Austin Neighborhood Housing and Community Development's Affordable Housing Forum, held last Friday (June 13). The third in the forum series on affordable housing issues for real estate in Austin featured Ken Bacon, VP for Housing and Community Development at Fannie Mae. (Fannie Mae recently reduced down-payment requirements nationwide).
Austin real estate consistently ranks among the fastest-growing metro areas in the nation. Demand continues to rise for housing. We recently wrote about the issue of affordable housing in Austin, citing key issues facing developers and investors. One example of development problems in Central and East Austin includes the building of duplexes on infill lots.
Are the duplexed condos more affordable than regular Austin homes or are developers just going for double their money?
Read more about the super-duplex debate in Central Austin.
Comments (0)Subscribe to CommentsComment