Posted inHousing

Housing staff wants more funding, support for land trusts to build affordable homes

The Housing Department is pushing City Council to continue to provide funding for land acquisition and development subsidies to preserve long-term housing affordability. In a recent memo responding to a Council resolution from last year, housing officials describe land banking as “the bedrock” of future affordability. The memo acknowledges that expanding the city’s community land […]

Posted inCity Hall

Audit: Economic official granted arts, music funding against city code

The former director of the Economic Development Department authorized a handful of grant awards that violated city code restrictions, according to a new investigative report from the Office of the City Auditor. The report concludes that Sylnovia Holt-Rabb, who retired in December, allowed four arts organizations to receive Live Music Fund grants for projects that […]

Posted inHousing

Housing staff suggest ADU pilot program aimed at 80% MFI households

City housing staff say a publicly-funded program to help homeowners build accessory dwelling units would likely see limited uptake and may fall short of the city’s affordability goals, particularly for households most at risk of displacement. In a recent memo responding to a 2023 resolution from City Council, Interim Housing Director Mandy DeMayo outlined findings […]

Posted inHousing

City eyes fund to preserve affordable housing, capitalize on overbuilt apartment market

In talking about the possibility of establishing a city fund specifically for preserving existing affordable housing stock, Council Member Marc Duchen said part of the motivation is to give the city more tools to step in before property owners decide to rebuild aging multifamily properties at higher price points. Using the recent, controversial redevelopment of […]

Posted inCity Hall

Jobs and redevelopment take center stage in annual economic development report

The Economic Development Department says it supported more than 27,000 jobs and distributed over $54 million in community investments during fiscal year 2024, according to its recently released annual report. The report outlines the department’s evolving priorities, including the transfer of its cultural programs to a new Office of Arts, Culture, Music, and Entertainment and […]

Posted inLand Development Code

Focused on real affordability, City Council moves to improve density bonus programs

City Council voted Thursday to initiate a review and potential overhaul of the city’s density bonus programs, signaling a shift toward more flexible and customized incentives to promote affordable housing and community benefits across different parts of the city. The resolution was supported by all of City Council but Council Member Krista Laine, who abstained. […]

Posted inAustin

Downtown report: Office vacancies up, infrastructure growth continues

Downtown Austin is in a transitional period, with the latest “State of Downtown Austin” report highlighting diverging paths for public and private sector development. The Downtown Austin Alliance’s annual review, now in its seventh year, notes an increase in downtown office vacancies, up to 22 percent versus the 18 percent reported last year. Office vacancies […]

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