New buildings in West Campus to double in height, add more affordable housing in Austin
New housing units in West Campus could soon rival the UT Tower and the State Capitol in terms of height, as long as developers add more affordable housing.
Allie Runas, electrical and computer engineering senior, is a member of the The Central Austin Neighborhood Planning Advisory Committee.
The Central Austin Neighborhood Planning Advisory Committee unanimously approved a plan to nearly double the allowed building height in inner West Campus Tuesday night. If developers reserve 10% of their housing units to anyone making less than 50% of the median family income in Austin, they can build up to 300 feet in inner West Campus. These housing units would be rented at approximately $603 per bedroom.
The University Neighborhood Overlay, which went into effect in 2004, is a development plan giving West Campus developers incentives to provide affordable housing. Currently, the plan allows developers to build higher if they reserve 10% of their units for “low-income” tenants making less than 60% of the median family income in Austin.
Read more: http://www.dailytexanonline.com/2019/05/07/new-buildings-in-west-campus-to-double-in-height-add-more-affordable-housing
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