On today's Council agenda, an item that would create a framework to harness the city's substantial real estate portfolio for the public good.
, the resolution aims to provide a consistent, reliable, transparent process to ensure that future use of city-owned land supports Council's policy priorities on issues such as affordable housing, transportation, living wages, day care, space for creatives, and more. It would also involve Council much earlier in any proposed plans for public lands, rather than waiting until a deal is mostly cooked .
If you're wondering why we need this, look no further than the recent near-debacle on the city-owned parcel known as. While it ultimately resulted in a happyish ending, a ton of time, money, and nerve endings could have been saved had we had a clear process in place like the one Item 41 lays out. As various media outlets have reported, Austin currently leads the nation in building permits for both single-family and multifamily housing – but those are nearly all market-rate units, far out of reach for most regular folks. Where we're woefully lagging is in the production of deeply affordable housing, the kind that can only realistically be built with public subsidies, very much including the use of publicly owned land.
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