Found 4 blog entries tagged as lot size.

To address persistent affordability challenges and expand housing options, it is imperative for elected officials, policymakers, and our community to review and revise existing land use regulations. GETTY IMAGES

Austin Business Journal writes, "Austin has a housing crisis with a lack of housing considered affordable to the majority of its residents. Professionals including teachers, EMS workers, firefighters and recent college graduates are being priced out of the communities they serve. Increasing mortgage rates, elevated home prices and limited inventory of affordable homes are some of the barriers to homeownership in Austin, particularly for would-be first-time buyers. To afford a $540,000 home, Austin’s median sales price in 2023, a household must make $180,000. This makes it extremely difficult for many to purchase a home here, driving them out of Austin and into the suburbs. The bottom line is that homeownership is unaffordable and unattainable to many…

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Small backyard homes are commonly called granny flats or accessory dwelling units. SPENCER BROWN

Austin Business Journal writes, "a new policy allowing up to three homes to be raised on some single-family lots is one of the most high-profile changes to Austin's land use code as it tries to combat high home prices and adopt a big-city mentality.

But experts said the program will not have a notable effect on the local housing market for the foreseeable future — plus, there's the specter of a lawsuit scaring some developers off.

The first phase of what's called the HOME Initiative launched Feb. 5. That's when homeowners and developers could start to submit applications. Landowners can either sell the new, smaller homes or they can rent them out. The impact of the change will only become measurable in the months and years to come, but the…

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ARNOLD WELLS / ABJ

Austin Business Journal reports, "amendments to Austin's land development code intended to boost building density throughout the city will soon be considered in a joint public hearing between the Austin City Council and Planning Commission. The changes could have a significant impact on housing supply in the city.

A meeting date has not been yet been scheduled but is expected to occur this year. Council on Sept. 21 approved a resolution calling for the joint public hearing, which was recommended by the city’s Housing and Planning Department.

The hearing shows there is political momentum behind the city's effort to address the housing shortage and correlated affordability concerns — as well as controversy. After a previous effort to overhaul the…

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ABJ STAFF

Austin Business Journal reports, "developers and homebuilders may soon have the opportunity to build more housing in Austin.

Austin City Council on July 20 gave the first nod of approval to a proposal that would decrease the minimum lot size of residential properties.

Introduced by Council Member Leslie Pool, the proposed amendment to the city’s land development code calls for decreasing the minimum lot size from 5,750 to 2,500 square feet or less, with the intention of increasing the variety of housing types possible, including row homes and garden homes.

The proposal also directs Interim City Manager Jesús Garza to alter the code to allow at least three units per lot in single-family zoning districts without requiring existing structures to…

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