1) Austin buys the property

2) Begins renovations on vacant premises

3) Vandalism takes place

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4) The conversion is complete

5) Property officially offered to homeless residents

Steps 4 and 5 haven't happened yet. So homeless people who "generally just destroy the living space" isn't a good fit for what's going on. This is simply a situation of an unsecured construction site that has attracted squatters and vandals.