The city is preparing to implement a policy that would sell city-owned homes at affordable prices to people who can prove generational ties to the city.
This house on 1018 Linden St. will be the first to be sold to a demonstrated local with family ties for just under $200,000 as part of the city's right to return program" that would give displaced Austinites an avenue to return, by selling city-owned homes at affordable prices to people who can prove their generational ties to the city.policy, the framework for these sales has been in the works at thesince 2018.
Housing and Planning intended to implement the policy in 2020 but was delayed by the COVID-19 pandemic. When applications for each property open, people will have 30 days to apply online. Applicants will be scored on factors like income-to-debt ratio, generational ties to gentrified parts of Austin , and gross income. Qualified applicants will then be entered into a lottery, whose randomly selected winners will be offered the chance to proceed with purchase.
A department spokesperson said H&P is working with the city's legal and real estate departments to fine-tune details; after the Linden Street house is sold, the process will be reviewed and refined as needed before the next five properties go up for sale in June.
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