Austin Monitor
4 months agoEast Bay (California)
HealthSouth redevelopment scenarios spell out options for affordable housing downtown - Austin Monitor
The Housing Department has presented City Council with four scenarios for redevelopment of the former HealthSouth site in downtown Austin.
One of the scenarios, called the hybrid development, is projected to yield the most affordable units and generate $51 million in net revenue for the city to fund more affordable housing units elsewhere.
Another scenario, called the downtown density bonus, could generate over $300 million in revenue for purely market-rate housing, which could fund over 1,500 affordable units in future developments. [ more ]