Housing Affordability Report Highlights Need for Greater Disbursement

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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. on housing affordability.

“While the city of Austin has seen overall gains in home selling prices, household wealth and a decline in the poverty rate, these trends have not occurred the same across the city,” HousingWorks Austin executive director Nora Linares-Moeller said in a statement accompanying Tuesday’s post. of the group’s annual review affordability of housing by municipal district.

This is the sixth such report published by the nonprofit organization; it includes a collection of district-by-district demographics, median incomes, number of homeless people, kilometers traveled by vehicles versus public transport, and other data. Suffice it to say that the vast majority of residents remain heavily dependent on vehicles. In addition, the number of homeless people has increased by almost 500 compared to the 2019 figure.

With affordable housing, or subsidized housing, at the heart of the HousingWorks report, the results show that District 1 has the largest share of affordable housing (8,610 units), followed by District 3 with 7,650 units and District 2 with 6,643. District 4 has 4,163 affordable housing units, followed by districts 5, 7 and 9. Districts 8 and 10 have the lowest number of affordable housing units, at 435 and 668, respectively.

Districts 1, 2, 3 and 4 have the highest percentage of residents who identify as people of color and have median family incomes which make up almost half of the city’s MFI.

This does not mean that families in other districts are not in difficulty. District 9, which includes the downtown area and the University of Texas campus, has the highest percentage of residents – 26.5% – living below the federal poverty line, while District 5 was the only district in which the burden of housing costs did not decrease compared to 2019, and District 8 was the only one to see an increase in the number of people living in poverty.

The report says that next year’s results will provide a more complete breakdown of the effects of the Covid-19 pandemic, but notes that existing data for 2020 suggests that the pandemic has created even greater demand for affordable housing in communities. 10 Council Districts.

As Linares-Moeller said in the HousingWorks release, “To address spatial inequalities caused by racial discrimination in housing stability and economic prosperity, efforts to build affordable housing should give rise to priority to developments in areas with high opportunities and those which currently lack a sufficient number of affordable housing for working families.

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