C20-2023-037 S.M.A.R.T. Housing Updates Phase 2
C20-2023-037 S.M.A.R.T. Housing Updates Phase 2
Amend City Code Title 25 (Land Development) to modify requirements, including fee waivers and affordability period, for the City’s S.M.A.R.T. Housing Program.
Archive Notice: This page is archived and no longer monitored. All information is for reference only.
Background
On July 20, 2023, City Council approved Resolution No. 20230720-129 that directed staff to make amendments to the S.M.A.R.T. Housing program. Phase 1 amendments, adopted in February 2024, made fees eligible for a waiver under S.M.A.R.T. Housing part of the annual fee schedule going forward. Phase 2 contains proposed amendments to improve the functionality of the program.
Summary of Proposed Amendments
The following amendments are proposed:
Require projects to provide units at 60 percent of the median family income (MFI) to be eligible for S.M.A.R.T. Housing instead of the current 80 percent MFI
Allow income averaging to increase flexibility
Require affordability restrictions to be executed prior to S.M.A.R.T. Housing certification
Remove an outdated and administratively infeasible provision related to exceptions for certain community land trust units
Remove outdated provisions or provisions which are inconsistent with the amendments listed above or which are superseded by separate sections of Code
Staff Contact
Brendan Kennedy, Housing Department, brendan.kennedy@austintexas.gov, (512) 978-1594