The City of Austin is buying the former Tokyo Electron campus to build 1,100 units — some of which will be affordable — with access to future public transit.
Austin City Council meets at City Hall last year. The council voted Thursday to buy property in Southeast Austin to build 1,100 units of housing, some of it affordable.
“This is the first major step in a project that has the potential to be transformational,” Velásquez said. “One of my goals is to provide more affordable housing and deeply affordable housing to District 3. The opportunity to do so in this location, built intentionally and strategically with public transit access, is beyond exciting.”
By the end of February, the city had already allocated $120 million of the anti-displacement funds, according to city data.
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