Web4 4) Affordability Level—If VMU Buildings are approved through the opt-in/opt-out process and take advantage of the dimensional and/or parking exemptions they are subject to certain affordability requirements. Owner-Occupied Units—Five percent of residential units shall be affordable for households earning no more than 80 percent of the current Median Family … WebLatino families in Austin is roughly half of that for white families in Austin. 2. A minimum of 15% of residential units for rental or a minimum of 15% of residential units for ownership should be required under VMU1 and VMU2 zoning. 3. VMU1 and VMU2 zoning should complement but not undermine existing VMU zoning. 4.
Council OK
WebJun 10, 2024 · Monica Guzmán, the policy director of the East Austin community health coalition Go Austin/Vamos Austin, shared a concern that the VMU2 should take into account hyper-local income statistics to ... WebMay 19, 2024 · VMU2 discussion. Councilmembers will discuss an amendment that would create a new category, VMU2, a voluntary program that would allow an increase in … shenaiting
Lawsuit Threatens Council’s Modest Progress on Housing Crisis
Web54 Family Income for the City of Austin Metropolitan Statistical 55 Area as determined by the Director of the Housing and Planning 56 Department. 57 b. Affordability Requirements for Rental Units. 58 1. Ten percent of the residential units in the VMU1 and (% to be 59 determined) in the VMU2 building shall be reserved as affordable, WebNov 19, 2024 · Council Recap: New 4 U In 2024, It’s VMU2 City Hall dives into reworking its housing bonus programs By Austin Sanders, 6:01PM, Fri. Nov. 19, 2024 WebNov 19, 2024 · Under VMU2, the height allowance for new mixed-use buildings on city transit corridors increases from 60 feet to 90 feet if developers agree to include a greater portion of affordable spaces in ... shenai weddings