New study finds that Austin area has lost more than 100,000 low-cost rental units

Cardinal Point is located at 11015 Four Points Drive, Austin.

Cardinal Point is located at 11015 Four Points Drive, Austin.

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Disappearing act
A June 25 housing report from the Joint Center for Housing Studies of Harvard University found rental markets in the U.S. are stable despite an upturn in the number of people seeking to own homes.

However, some markets saw significant losses in their stock of affordable apartments, which the report defined as units with rental rates of less than $800. Rates were compared between 2011 and 2017 and adjusted to 2017 dollars using the Consumer Price Index.
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By Jack Flagler

Jack is the editor for Community Impact's Central Austin edition. He graduated in 2011 from Boston University and worked as a reporter and editor at newspapers in Maine, Massachusetts and North Carolina before moving to Austin in January of 2018.


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