Oak Hollow is a community of 429 apartments in northwest Austin. It’s operated as affordable housing by a group called American Opportunity for Housing.
Built in 1972, keeping up a property like Oak Hollow can be expensive. The main source of income for American Opportunity for Housing is rent. And as a nonprofit, the community has a 100 percent tax exemption. The City of Austin estimates, over the last decade, that it has foregone upwards of $1 million in taxes from Oak Hollow.
But it’s a property with a reputation among renters’ advocates.