opment of the multifamily sector. The association has actively engaged in advocating for policies that align with the interests of its members and the broader community.
Political Changes and Advocacy In the 1960s, Austin experienced a significant shift in ethnic relations, marked by sustained efforts to combat segregation and discrimination. Local leaders and political-action groups fought for desegregation in schools and services. The Civil Rights Act of 1964 played a pivotal role in outlawing racial discrimination, but challenges persisted in areas like employment and housing. The AAA, over the years, has supported initiatives promoting fair housing practices, aligning with federal and state laws to prohibit discrimination based on race, color, national origin, religion, sex, disability, familial status, sexual orientation, transgender status, gender identity, and gender expression. As Austin’s political landscape evolved, so did the AAA’s engagement. From its early years to the present day, the association has navigated the changing dynamics, contributing to the city’s growth while advocating for fair housing and landlord-tenant regulations.
Economic Transformation and Housing Trends Austin’s economic landscape has undergone a remarkable transformation. The city’s growth trajectory, from the ‘50s to the present day, has been punctuated by the emergence of the technology industry. IBM, Texas Instruments, Dell Computers, and, more recently, major tech giants have established a significant presence, driving commercial and residential development. The AAA has been a key player in addressing the housing challenges that accompany such rapid growth. Advocating for affordable housing initiatives, engaging with policymakers on regulatory matters, and supporting smart growth and development policies, the association has been integral to ensuring the multifamily industry meets the demands of Austin’s evolving population.
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advocacy efforts, the association has played a crucial role in providing housing solutions for the myriad residents who call this vibrant city home, contributing to the sustainable and inclusive development of Austin’s multifamily landscape.
Looking Ahead: Challenges and Opportunities Austin’s journey over the last 60 years has been one of resilience, growth, and adaptation. From political changes to economic transformations, the AAA has been a constant force advocating for the multifamily industry. As the city faces challenges associated with its booming population, the AAA remains committed to addressing issues of housing affordability, regulatory frameworks, and community engagement. The association’s role in shaping the future of Austin’s housing landscape will undoubtedly continue to be a vital one. As we celebrate the Austin Apartment Association’s Diamond Anniversary, we reflect not only on the changes of the past but also on the shared commitment to building a vibrant, inclusive, and sustainable future for Austin’s multifamily industry. Cheers to 60 years of progress, advocacy, and community impact!.
Housing Market Dynamics: Then and Now In 1964, less than 1,100 multifamily units were constructed in Austin, with average rents nationwide ranging from $71 to $108 per month3. Fast forward to 2023, the Austin-Round Rock area has around 288,453 units, with thousands more in the pipeline. The median family income for Travis County in 2023 is $122,300, reflecting the changing economic landscape4. With an average rent of $1,806 per month, the housing market has witnessed significant shifts5. Austin currently ranks 8th in the country for the most multifamily units under construction in 20235. The city has become a magnet for new residents, prompting various multifamily projects throughout its neighborhoods. The Austin Apartment Association has been a steadfast advocate for the dynamic growth of Austin, actively engaging with the community to address diverse needs. Through
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Serving the Apartment Industry Exclusively Since 1989
For more information about AAA’s advocacy in action, contact Carrie Smith, Director of Government Affairs at carrie@austinaptasscoc.com.
1
Texas State Historical Association. “Austin, TX (Travis County).” Handbook of Texas Online. https://www.tshaonline.org/handbook/entries/austin-tx-travis-county.
2
U.S. Census Bureau. “Austin, Texas Population 2023.” MacroTrends. https://www. macrotrends.net/cities/22926/austin/population.
3
Travis County Health & Human Services. “Community Development Block Grant (CDBG) - Income Eligibility.” https://www.traviscountytx.gov/health-humanservices/cdbg/income-eligibility.
4
Rent.com. “Austin Apartments Rent Trends.” https://www.rent.com/texas/austinapartments/rent-trends.
5
Urbanize City Austin. “Austin Apartment Construction: How Many?” https://austin. urbanize.city/post/austin-apartment-construction-how-many.
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