Deal reached in dis­pute over crum­bling rentals

Re­de­vel­op­ment will keep some units for af­ford­able hous­ing.

Austin American-Statesman - - METRO & STATE - By El­iz­a­beth Fin­dell efind­ell@states­ Apart­ments

Austin lead­ers have closed the book on a lengthy dis­pute with the own­ers of a trou­bled North Austin apart­ment com­plex, ap­prov­ing a set­tle­ment agree­ment that will al­low the prop­erty to be re­de­vel­oped with some units pre­served as af­ford­able hous­ing.

Wal­ter Olenick and Rae Nadler-Olenick, own­ers of two apart­ment build­ings near In­ter­state 35 and East 52nd Street, bat­tled Austin for five years over code en­force­ment fines for apart­ment con­di­tions the city called dan­ger­ous, such as crack­ing stairs and a buck­ling sec­ond-floor over­hang.

“It is still not a great out­come, be­cause a neg­li­gent land­lord ul­ti­mately left the prop­erty in a dan­ger­ous enough state that the city had to go through re­lo­cat­ing ten­ants and set­tling a law­suit,” Coun­cil Mem­ber Greg Casar, whose Dis­trict 4 in­cludes the prop­erty, said of the set­tle­ment. “But it’s re­ally im­por­tant that the coun­cil pushed back against a set­tle­ment that was

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