Item 5- River Park_CDC_1_13_2026 — original pdf

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River Park Briefing Austin Housing | January 13, 2026 2 Background: Incentive Program Basics Incentive programs provide developers with incentives in exchange for community benefits such as affordable housing. Participation is voluntary. Programs may offer fee waivers, additional height, greater density, or modified development regulations as incentives. 3 Bonus Area is the greater of:  The gross floor area that exceeds the “maximum base FAR by right” limitation  The gross floor area that exceeds the “maximum height by right” limitation Corridor Mixed Use District Standards Height FAR By-Right With Bonus 60’ 2:1 160’ -- Development Bonus Development Bonus 60’ Height By-Right 60’ Height By-Right 4 Community Benefit Options  Affordable Housing  Open Space  A minimum of 50% of the Bonus Area shall be earned through the provision of on-site affordable housing or payment of an in-lieu fee for affordable housing  Bonus granted for On-Site Units: 4 bonus square feet for each 1 square foot of on-site affordable housing provided.  Bonus granted for Fee-in-Lieu: 1 bonus square foot for each square foot in- lieu fee paid for affordable housing.  A minimum of 25% of the Bonus Area shall be earned through the provision of publicly accessible open space  Bonus granted: 10 bonus square feet for each 1 square foot of publicly-accessible open space provided.  Other Community Benefits  Commercial / Office Space  Stormwater Flood Mitigation  Additional Water Quality  Bicycle Facilities 5 River Park Photo Credit: https://www.riverpark-atx.com/ 6 Section Header River Park Development Address Phase Lot Proposed Use Site Area SF FAR by Right Allowed Floor Area Within by Right FAR Allowed FAR with Bonus Proposed Gross Floor Area Gross Floor Area Above By-Right FAR Allowed Height by Right Allowed Height with Bonus Proposed Height Gross Floor Area Above By-Right Height BONUS REQUIRED Affordability (Must be at least 50% of Bonus) (4 sq ft of bonus area for each 1 sq ft of affordable housing) Open Space (Must be at least 25% of Bonus) (10 sq ft of bonus area for each 1 sq ft of open space) Additional Water Quality (Optional: Proposed 25%) (5 sq ft of bonus area for each 1 sq ft of imperious cover removed from Critical Water Quality Zone) 1800 Crossing Place 4800 E. Riverside Drive 4700 E. Riverside Drive 1900 Crossing Place 1 & 6 1 & 5 Infrastructure & Parks 2 1 Multifamily 217,364 sq ft 2:1 434,728 sq ft N/A 289,630 sq ft 0 60' 160' 65.33' 10,352 sq ft 3 3 Multifamily 117,184 sq ft 2:1 34,368 sq ft N/A 109,391 sq ft 75,023 sq ft 60' 160' 86' 109,391 sq ft 4 2 Hotel 85,878 sq ft 2:1 171,756 sq ft N/A 275,604 sq ft 103,848 sq ft 60' 160' 155' 201,550 sq ft No Yes (Set by Height) Yes (Set by Height) Yes (Set by Height) 1,294 sq ft (4 units) 13,674 sq ft (28 units) 100,775 sq ft (FIL = $100,775) 5 & 7 4 Commercial 100,806 sq ft 2:1 201,612 sq ft N/A 64,943 0 60' 160' 52' / 16' 0 No 259 sq ft 2,735 sq ft 5,039 sq ft 518 sq ft 5,470 sq ft 10,078 sq ft Timeline  Under Construction  horizontal infrastructure  lot 4 (music venue)  Other Phases  uncertain start date  once begun, 24-30 months per phase Photo Credit: Michael Piano 9 Certification Process Application Review • Basic questions on development type, owner info, affordability • Confirm eligibility to participate in program • Check affordability requirements • Due diligence on non-housing requirements • Due diligence on potential design, fair housing, or tenant protection issues Draft Agreement* • Legal agreement outlining program requirements • May cause delays w/ applicant or their partners *Currently required for only some programs • Certification • Confirms eligibility • • to receive incentives Letter issued which details project specifics Letter utilized for permitting approvals 10 Post-Certification Permitting BP hold • Revisions made to certification as needed during permitting / design • Housing hold prevents issuance of CO until RC (or fee) is finalized Safeguard to ensure commitments are recorded • Closeout Review • • Staff initiates closeout or project builders ask for hold to be released Architect confirms as-built project details • Housing staff compare final details with certification RC/Fee • RC is drafted based on final, as-built details • Drafted by Housing • • staff & Law, signed & recorded RC will run with land for affordability period If Fee-in-lieu: Fee invoiced based on final sq. ft. 11 Displacement Photo Credit: Google Maps Demolition / Displacement  15 buildings (252 total units)  Only 34 units still occupied in November 2021  Notice to Residents (June 30, 2021)  Flexible lease terms until end of 2021  $1,700 relocation assistance offered  Preferred placement in new development  Tenant Notification Certification Letter issued by Housing (February 9, 2022) 13 Questions? Robert Anderson robert.anderson@austintexas.gov (512) 978-0823 14