Austin Ain’t Affordable

What to Know: City officials are shocked, shocked to learn that Hispanic families are fleeing Austin because of affordability issues.

The TPPF Take:  City policies are directly responsible for Austin’s affordability problem.

 

“The city makes it harder and more expensive to build new homes, adding to the shortage that drives up the cost of housing,” says TPPF’s Ellen Troxclair. “This hits the supply of starter homes and multi-family housing hardest. If you’re a builder, you have little choice but to focus on higher-end projects to help recoup your excessive city-driven costs. A 2016 comparison of city fees to build an apartment complex found that Austin’s fees can be eight (or more) times higher than similar fees in Dallas.”

For more on Austin’s affordability, click here.