Want affordable housing? Stop re-developing affordable neighborhoods

Austin Mayor Steve Adler again addressed the high cost of living in Austin -- pointing to a corporate campus development along East Riverside Drive as an example of inexpensive housing giving way to big-dollar developments.

His ideal solution to retaining lower-middle-class citizens, according to the Austin Monitor, (see article) is more taxpayer-supported "affordable housing" initiatives -- a concept that has proven itself another over-promising, costly bureaucratic endeavor.

The irony with mentioning East Riverside, as we reported previously, is that

... the City of Austin continues its war on poorer areas of town in the name of "redevelopment." Exhibit A: the East Riverside Corridor Master Plan, which will no doubt boost rent on some of the more affordable apartments and rental properties in town.

Take a look at the East Riverside Cooridor Master Plan and judge for yourself: Is it the city that needs to rescue the poor from big-bad capitalists? Or is it the city that is the biggest culprit in running off low-income residents?