Developers looking to build especially tall residential buildings in downtown Austin will now be required to offer public benefits in return, including money or space for affordable housing.
The new program will take effect in two weeks and replace a long-running and more ad hoc program, in which developers planning big downtown projects negotiated with the city over perks they would offer in exchange, such as park upgrades.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In