Former YMCA property in Austin to be developed into market-rate housing after Austin City Council meeting work session Monday evening

The Austin City Council revisited the issue of whether to convert the former YMCA property in Austin into low to moderate income, or market-rate housing at a work session following their regularly scheduled meeting Monday evening at the Austin City Council chambers.  The issue had been tabled at a work session following the council’s April 5th meeting, and Austin Mayor Steve King stated to KAUS during the “Meet the Mayor” segment on “Wright Here, Right Now” that the council decided to move forward with a market-rate housing project for the property…

Mayor King went on to state that, in his view, the project would bring a balance to that neighborhood of Austin concerning the different types of housing available, and he added that although the city of Austin is currently facing a housing crisis at all levels, the project would provide more badly needed market-rate housing for the city, and that it would lower the need for that type of housing considerably, with low-to-moderate income housing to be addressed next. 

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