Austin has become a more expensive place to live. During the 1990s, the median house price in Austin rose from $80,000 to $150,000. In the five years between 1995 and 2000, the median rent for a modest apartment (2 bedrooms, 1 bath) rose from $575 to $825. Even with temporary economic slow-downs, long-term market pressures will likely increase house prices and rents in the Upper Boggy Creek Neighborhood Planning Area. There are a number of locational factors will contribute to this:
- The planning area is very near an expanding central business district,
- A major interstate freeway,
- The Texas State Capitol,
- Numerous state government offices,
- Two universities (one of them America’s largest),
- Two major hospitals,
- Four large shopping centers,
- The Robert Mueller Municipal Airport redevelopment
- A possible light-rail station.
As the metropolitan area expands from the central city, demand for housing closer to downtown can be expected to increase. The plan should address gentrification issues generated by this trend.
- Action Item 21. The Blackland Community Development Corporation and other providers of affordable housing should continue to develop affordable housing for low-income families in the area defined by Leona Street, Manor Road, Chestnut Avenue and MLK Boulevard. Affordable housing for these purposes is defined as sixty percent of Austin area median family income. To this goal, the Upper Boggy Creek Neighborhood Planning Team supports the granting of variances to allow these parties to provide affordable housing.
Objective 3.1: Provide opportunities for people to repair, maintain, and improve their homes and property. The City of Austin and neighborhood associations within the planning area should work cooperatively to help residents maintain and enhance their homes.
- Action Item 22. The Blackland Community Center will serve as the primary location where the Neighborhood Housing and Community Development Department (NHCD) provides and updates information about resources available to assist people in repairing and maintaining their homes as well information to help first-time home buyers. Other locations in the neighborhood planning area such as schools, parks, and churches will serve as other outlets for this information. The neighborhood associations will also serve as resources to distribute this information.