Austin Interfaith Saves 173 Affordable Homes

Koreena Malone helps craft plan to save affordable homes; Malone is a graduate of Capital IDEA and leader with Austin InterfaithKoreena Malone, an accounting graduate of Capital IDEA, was confronted with the threat of losing her home when a developer's plans involved razing her apartment and replacing it with a higher cost unit. In collaboration with Austin Interfaith she formed a tenant's association and negotiated a new deal on the redevelopment with Travis Heights Elementary School, the neighborhood association, her tenants' association, and the developer.

"'I strongly believe that the redevelopment of Oak Creek Village won't just lead us to a better community but a model for the city of Austin,' Malone said.

The Oak Creek Village complex, located at 2324 Wilson St., has 173 units that qualify as affordable housing. According to city documents, the developer is planning to keep all of the affordable housing units in the complex and build up to 313 new market-rate units...The developer also entered into an agreement ... to provide on-site, affordable housing for 35 years."

As Austin Becomes More Expensive, Some Fight to Keep it Affordable, Austin American Statesman

For One Austin School, Funding Hangs on Affordable Housing, KUT

Oak Creek Village Strikes a New Deal, Austin Chronicle

Oak Creek Village Redevelopment Approved by Austin City Council, Community Impact News

Video Testimony at City Hall, Austin City Council Recorded Session