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 (â€œon-siteâ€), or in some cases by charging a fee, in lieu of constructing on-site affordable housing. Under the cityâ€™s proposed DDBP, the funds produced from the program could cover the construction of anywhere between 130 to 330 affordable housing units.