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Affordability Unlocked: Difference between revisions
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an Austin, Texas city program to encourage more and higher-density affordable housing by offering a '''density bonus''' to projects in which at least half of units are reserved for lower-income households. It also allows units per lot to increase to 1.5 times the base zoning, or 6 units, whichever is higher.
Eligibility highlights:<br/> - Half of units reserved for 60% MFI (rental) or 80% MFI (ownership)<br/> - 25% of Affordable units 2BR or more.
Density bonuses:<br/> - 25% additional height<br/> - '''FAR''' waived<br/> - Unit cap raised to 1.5X base zoning or 6 units, whichever is greater<br/> - "Compatibility" restrictions limiting height near single family houses waived - Front and rear setbacks halved
plus 20% of rentals (so two in a sixplex, one in a fiveplex) need to be at 50% MFI or below. the affordability covenant is 40 years for rentals, 99 years for ownership
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