Those homes are meant for people making 60% of the median family income in Austin, which is around $76,000 a year for a ...

Stonelake bought the property at a 2020 foreclosure auction and showcased its potential in 2021, when it unveiled plans for a 37-story apartment tower that would have had shops on the ground floor.

The study from real estate analysis firm Yardi Matrix found Austin built 4,600 affordable units last year, and the city is projected to build more units than any other city over the next few years.

It’s unclear why the couple is walking away from the home after 10 years, but they do also own property in London where they ...