Austin’s Mayor Seeks $500 Million Bond to Help Ease Housing Crunch
- Adler says soaring home costs an ‘existential challenge’
- Mayor wants to see creation of more middle-income jobs
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Austin Mayor Steve Adler wants the Texas city to borrow as much as half-a-billion dollars to help create more affordable housing as soaring real-estate prices threaten to push out the middle class.
“That’s our existential challenge right now,” Adler said in an interview outside his downtown condo Monday. “Austin is building more homes per capita than any other city in the country, and it’s still not enough.”