Austin Project Connect Anti-Displacement Land Acquisition

Deal value: $52,700,000

Acquisition of 66 acres for mixed-income housing and community facilities within 1 mile of new light rail lines, including $2M for Park and Ride, as part of Project Connect’s anti-displacement strategy.

The core motivation is to proactively secure land for mixed-income housing and community facilities near new light rail lines, aiming to prevent displacement of vulnerable residents as property values rise. This investment is driven by the belief that early, large-scale land acquisition is essential to preserve affordability and equitable access as transit infrastructure expands. The allocation reflects a strategic response to anticipated gentrification and aligns with voter-approved anti-displacement mandates.