When Bluebonnet Studios opened in Austin last month, all 107 apartments filled quickly. There’s already a waitlist of over 900 low-income Austinites hoping for a spot in the rent-restricted development.
The story is similar for all 19 affordable housing buildings in the Austin portfolio of nonprofit Foundation Communities, which developed Bluebonnet. There simply aren’t enough units to meet demand. Alyah Khan, the organization’s communications coordinator, says its waitlists are, “the longest they’ve ever been for us. It’s hard to keep up with the need.”............Read More
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