Description
Title: Approve a resolution initiating a stakeholder process and modifications to Chapter 4-18, Article 2 (Density Bonus and Incentive Programs), regarding residential and non-residential redevelopment requirements and exploring further updates to modify tenant and business protections applicable to voluntary incentive programs; and report back to Council.
Summary
On May 21, 2026, the City of Austin City Council passed a resolution to enhance the city's density bonus and incentive programs outlined in City Code Chapter 4-18, Article 2. This initiative aims to create more affordable housing options while ensuring the protection of existing tenants in multifamily and heritage commercial properties. The resolution directs the City Manager to engage stakeholders, including tenants, property owners, and housing advocates, to gather feedback and analyze best practices. Key focuses include preventing the net loss of affordable housing, improving tenant protections, and evaluating the impact of these programs on community stakeholders. Recommendations are expected by December 31, 2026, to ensure informed decision-making and adequate notice for affected parties. This legislation is crucial for supporting equitable