Posted inHousing

Austin gave families $1,000 a month for a year. Most of the money was spent on housing.

People who received $1,000 a month from the city of Austin for a year spent the bulk of the cash on housing, according to a new study. Cities across the country, including Cambridge, Mass., and Ann Arbor, Mich., have begun piloting these guaranteed income programs, also called universal basic income programs. Under the programs, low-income […]

Posted inLand Development Code

Austin to allow more homes on one plot of land in the pursuit of cheaper housing

In an attempt to encourage the construction of middle-class housing, Austin voted Thursday to amend land use rules to let property owners build more homes in neighborhoods restricted to one family living in one house on one plot of land. City Council members voted 9-2 in favor of the changes, which will allow developers to construct up to […]

Posted inHousing

Austin helped buy cheap apartments with the intent of keeping prices low. Instead, rents went up.

In the parking lot of a two-story apartment building in Central Austin last month, former and current politicians came together to celebrate something increasingly rare in this city: low rents. The city, along with a real estate investment fund, had bought seven apartment complexes in some of Austin’s priciest neighborhoods. They planned to save these […]

Posted inLand Development Code

A one-bedroom apartment comes with 1.5 parking spots. Austin could change that.

City Council members will decide Thursday whether to stop requiring developers to build parking. With some exceptions, city rules require most residential and commercial developers to build a minimum amount of parking spots. The number depends on several factors, including bedroom count, units or square footage of what’s being built. Council Member Zo Qadri, who […]

Posted inHousing

Last year, your property appraisal went way up. This year (maybe) it’s down. What does it all mean?

If you own property in the Austin area, chances are you recently received your latest property appraisal. This number, known as your appraised value, is an estimate from the Travis Central Appraisal District of what your home would sell for in Austin’s current housing market. Last year, appraisals went up a whopping 50 percent on […]

Posted inHousing

The University of Texas says it will help low-income students pay for housing

University of Texas students whose families earn less than $125,000 a year may be able to get money to cover a portion of their on-campus rent for one academic year. University officials teased the new program in an op-ed in the Austin American–Statesman last weekend before officially announcing the program Wednesday. Students whose families earn no more than $65,000 […]

Posted inLand Development Code

Austin tried and failed to rewrite its land code. Republican lawmakers might do it for them.

In Austin, 5,750 square feet is a magic number. It’s one-tenth of a football field. Half of an Olympic standard swimming pool. And precisely the size of the American dream. “If you’re driving around urban Austin, through Hyde Park, Clarksville, Crestview,” said Scott Turner, a local homebuilder, “then most of (these lots) are going to […]

Posted inElections

Kirk Watson, who first led the city two decades ago, is elected mayor of Austin again

Lee esta historia en español By a razor-thin margin, Austin voters chose Kirk Watson as the city’s next mayor, electing him to navigate soaring housing costs and contentious fights playing out over how to build for the city’s growing population. Watson squeaked out a win with just 886 more votes than his opponent, state Rep. Celia Israel, […]

Gift this article