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Below-market rents will be no more than 30% of a tenant's gross income. Market-rate rents will range from $1,500 a month to more than $3,000 a month.
The city of Austin has opened 300 new apartments on its south side to provide low-income families with affordable housing, and is also offering $3.6 million in grants to help with rental ...
Downtown Congress Avenue in Downtown Austin University of Texas at Austin Hyde Park. Central Austin includes the city's Downtown and central neighborhoods. The area is north of the Colorado River and is enclosed by Interstate 35 to the east, approximately 51st Street/North Loop/Hancock Drive to the north, and Mopac Expressway (SL 1) to the west.
According to data from the U.S. Census Bureau, the population of South Lamar was 8,821 as of 2009. Population density per square mile is 6,253, triple figure for Austin at large. Approximately 55% white, 35% Hispanic, 5% black, 2% Asian. Median household income is $39,319, and average estimated value of detached houses in 2009 was $213,391. [3]
In November 2006, the City of Austin created the East Riverside Combined Neighborhood Plan, which called for the redevelopment of the neighborhood's aging apartment complexes, increasing density and walkability, and proposing mixed-use development to serve a proposed high-capacity transit corridor including light rail or bus rapid transit along ...
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