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Help the city data-check the proposed Affordable Housing Bonus Program
Monday, July 23, 2018 by Katy McElroy
Would you like to have a little more say in the revision of Austin’s Land Development Code? The city is collecting input from residents to confirm that assumptions about the area such as development costs, rental/sale prices and market conditions that it used to develop CodeNEXT’s Affordable Housing Bonus Program are accurate and up to date. The program allows developers to construct more units in exchange for setting aside a percentage of on-site units for low-income residents. The models that it used to determine the appropriate percentage of affordable units to require were based on those area assumptions. Visit the Affordable Housing Bonus Program website to find the form where you can view the information the city and its consultants used to make their models and develop the program and suggest alternative numbers if you see fit. The city is also collecting ideas for ways that developers could meet their affordable housing requirement other than by requiring on-site affordable units; the link to that input form is on the same website. The deadline for providing input is Aug. 20.
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