On our Panel today @DanKeshet mentioned the development bonuses in Austin available under the "Affordability Unlocked" program. Dallas also has an affordable development bonus program: the "Mixed Income Housing Development Bonus" program. Sadly, it has some flaws:
1) It requires more parking for studios and 1BR apartments than the base code. (Minimum 1.25 space per unit vs 1 per bedroom under standard zoning, Austin also waives all non-accessible parking requirements.)
2) You also have to provide a passenger loading zone for some reason?
2) You also have to provide a passenger loading zone for some reason?
3) No relief from Residential Proximity Slope or setbacks
Dallas does give bigger height bonuses and has lower affordability thresholds to get the bonuses (as low as 5% vs 50% of units in Austin).
Dallas does give bigger height bonuses and has lower affordability thresholds to get the bonuses (as low as 5% vs 50% of units in Austin).
All of this means we'll only see affordability bonuses being pursued by large expensive developments.
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