Austin housing cost increases are outpacing household income at a rate of nearly 750%. Over the last 6 years (2010-2016), Austin median family home price has increased 45.25% while median family income has only increased 5.42%.
We have partnered with Google, Chase, Capital Plus Financial, BuildFax and Noble Capital to find new and innovative solutions to tackling our city’s affordability crisis.
This Fall, Impact Hub Austin will be running its second Affordability Accelerator uniting the civic, tech, and real estate industries to convene around sustainable solutions to Austin’s growing affordability crisis. But we know affordability in Austin is not defined solely by a reduction in housing costs. For the majority of Austinites, housing and transit costs are their largest monthly expenses and in our second accelerator, we are also interested in innovative ideas that address the intersection of transit and housing.
Applications are now being accepted!