Austin's program to sell homes to people affected by gentrification off to slow start
Applicants, who need to prove they make less than the median family income, have struggled to obtain mortgages.
Source: kut.org
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Applicants, who need to prove they make less than the median family income, have struggled to obtain mortgages.
Austin's preference policy will prioritize low-income families displaced by gentrification in the distribution of affordable housing.
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.