Still, Mooney said, areas like South Austin were especially hammered by the 2008 collapse of the housing market and the economic recession, and he cautioned that progress would be slow. "There's no silver bullet here that I know of or have seen in other cities," he added. "Until we start seeing a number of things start moving at the national level, not the least of which is the availability of credit, it's going to be hard in a number of these neighborhoods to move ahead."