AUSTIN, Texas — After months of pushing for change, an Austin apartment complex that was severely damaged in the freeze of February 2021 has new owners.
According to KVUE’s media partners at the Austin American-Statesman, Travis County's Strategic Housing Finance Corporation sold the Rosemont at Oak Valley to a nonprofit called Foundation Communities.
For months after the winter storms, people living at the Rosemont dealt with a lot, including holes in the walls and ceilings, water leaks and mold.
Some residents were told to vacate, but they fought the eviction notices and took their concerns to county leaders.
On Monday night, those residents posted on Facebook, celebrating the sale and writing, "When we fight, we win!"
Executive Vice President of the Strategic Housing Finance Corporation Patrick Howard told the Statesman that, as of December, the 280-unit property was only 58% occupied. More than 100 units are vacant and at least 88 units are facing code violations but currently have people living in them.
Howard said the organization had plans to repair the property in 2024 but the damage outweighed the available funds, including insurance money.