Statesman – Developer to pay extra $20,000 to help tenants in aging apartments relocate

A Houston-based development firm has agreed to pay an extra $20,000 to help find new homes for low-income tenants it will displace by building a $200 million apartment and retail project in Southeast Austin.

Grayco Partners had already offered households that remain at Shoreline and Brookhollow apartment complexes $485 moving stipends — about $90,000 total. It will now also pay a realtor $20,000 to help the tenants find other housing.

Shoreline and Brookhollow are older properties with about 350 low-rent apartments and are located off East Riverside Drive.

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