Property values and rents have increased faster than wages, putting the new downtown apartments and the existing housing stock out of reach of the working class. And that, Mayor Michael Hancock said on the radio show “Colorado Matters,” is threatening the city’s very identity. “The vibrancy of this city is to have a diversity of residents,” Hancock said. “We don’t want to ever be known as a city of just those who have.”
City records show that by 1932, the entire Black population of Austin had been moved to what was dubbed the “Negro District.” Now, that neighborhood is quickly being transformed, with 40 percent whites and more than 40 percent Latinos now occupying the area that has priced-out the original Black occupants.