AUSTIN, Texas — Austin's city leaders are getting ready to approve more rule changes to address housing density and affordability.to reduce minimum lot sizes for homes. But some opponents worry about what it could mean for long-time Austinites.
Currently in Austin, lots and the builds on them fit a home and detached garage on average. But through the city's HOME Phase 2 initiative, they would soon be able to fit around six smaller homes.“We really want to encourage more pathways into homeownership. And so Council is going to be considering reducing the minimum lot size requirements. We have some of the largest lot size requirements in the country," said Fuentes.
She’s also not convinced these new smaller lots would actually be used for people to be able to build affordable properties. Fuentes said she has a proposal for this, looping in financial institutions to collaborate with the city.
Source: Real Estate Daily Report (realestatedailyreport.net)
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