Austin City Council strikes some parking requirements in effort to increase housing density

Quick Summary:

• The Austin City Council voted to eliminate minimum off-street parking requirements for new developments to promote housing density, potentially reducing rent costs by up to $200 per month per unit.
• The ordinance passed 8-2, providing developers with more flexibility in building typologies.
• Additionally, the Council postponed voting on an ordinance to comply with Texas House Bill 1526, which significantly reduces the city's authority on parkland dedication requirements for new developments.
• The new ordinance, required by Dec. 1, will impact multifamily, hotel, and motel development plans submitted after Jan. 1, 2024.

Read the Article