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Downtown Austin Density Bonus Program?

What is a density bonus?

A density bonus is an incentive-based tool that permits developers to increase the maximum allowable floor area or height on a property in exchange for helping the community achieve public policy goals.

What type of revenue will a DDBP generate for Austin?

According to the Downtown Austin Plan, a density bonus for residential projects downtown could generate million in funds over a 20- to 30-year period if at least 50 percent of eligible sites are developed.

What does a density bonus help accomplish?

Many cities utilize a density bonus to incentivize affordable housing. Typically this incentive can be achieved either by providing a portion of developed area as affordable housing (“on-site”), or in some cases by charging a fee, in lieu of constructing on-site affordable housing. Under the city’s proposed DDBP, the funds produced from the program could cover the construction of anywhere between 130 to 330 affordable housing units.

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