Impact of Homeless Shelter in South Austin

[Gus Joseph]

Hey all,

First time posting on here - I'm looking to house hack a single-family house/condo in the South Austin area, however I just learned that the city just approved a new homeless shelter to be built very close to where I was looking to buy. Does anyone know how this may impact the price/value of any of the property in the surrounding neighborhoods? For reference, there is another homeless shelter in Austin (more east-central) that is literally overflowing at all times with homeless people, so I assume the South Austin shelter would eventually look similar to that.

Any input is definitely appreciated!