Austin says it will sell city-owned property to families affected by gentrification

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Austin says it will sell city-owned property to families affected by gentrification
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The city says it's finally ready to deploy what it calls a 'preference policy,' where low-income residents living in gentrifying parts of town are prioritized for affordable housing.

The city is selling this house in East Austin to a low-income family. It says preference in the application process will be given to people affected by gentrification.

“This is hugely exciting,” Council Member Paige Ellis, who represents Southwest Austin, said at a council committee meeting Tuesday.they would begin using this preference policy back in 2019 Additionally, people need to prove they've been affected by gentrification or that they have generational ties to the city. That can mean they live or have lived — as far back as 2000 — in a neighborhood in the process of gentrifying; that's the process in which wealthy people move to a historically middle- or low-income neighborhood and housing costs rise.to identify parts of Austin affected by gentrification. These neighborhoods include portions of St. Johns, E. Cesar Chavez, S.

Although this policy, in part, focuses on people displaced from changing neighborhoods, those who apply won't necessarily be able to return to those neighborhoods; it will depend on the location of the homes available.

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