Proposed changes to the city’s Planned Unit Development ordinance that are intended to increase on-site affordable housing are moving forward with the full support of City Council.
Council members voted 7-0 to approve a resolution whose objective is to close the “fee-in-lieu” option for affordable housing at PUDs.
The changes were brought forward by Council Member Laura Morrison, who recently noticed that the current version of the PUD ordinance has been unsuccessful at establishing on-site affordable units for approved developments. Rather, developers have opted to exercise the fee-in-lieu option, which allows them to contribute to the city’s Housing Trust Fund instead.
(A note to readers: We checked. And, there have been exactly ZERO AFFORDABLE UNITS BUILT in Austin on PUDS since the 2008 "fees-in-lieu of option" was added to PUD negotiations...
One has to wonder: A.) What took so long, given the Austin growth boom? And, B.) What did they do with all the "fees in lieu" money???
Don't you feel a public information request for the city's Housing Trust Fund coming!?