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 […]
community land trust
Posted inHousing
City looks to land banks as additional option to curb displacement
The city will explore using the takeover of tax-delinquent properties as one additional strategy for creating more affordable housing and remedying the displacement of longtime residents who are being priced out of Austin. As part of the consent agenda at Thursday’s meeting, City Council approved a resolution directing the city manager to identify “viable land […]