Item 2 Planning Department Update — original pdf

Backup

South Central Waterfront Advisory Board Update January 18, 2024 Content SCW Regulating Plan vs SCW Combining District + Density Bonus Program Density Bonus Calculator Density Map / Boundary Changes Timeline Current City of Austin Regulating Plans SCW Combining District + Density Bonus Program NBG and TOD Regulating Plan Regulations within CoA Regulating Plans are required and do not function as density bonuses. • Optional program. • The SCW becomes a Combining District with ensuing zoning changes that allows applicants to utilize the density bonus program. 3 3 Density Bonus Calculator Several elements of the bonus program are subject to change pending further review and feedback.  Designed to calculate the total fee-in-lieu amount associated with the desired bonus area.  Pending further internal review, this fee will be divided into several fees-in-lieu for Housing, Parks, and Other Infrastructure.  Overall fee amount is subject to change pending consultant review. 4 Density Bonus Calculator  An estimated number of on-site affordable units (at 60% MFI) is provided by the calculator.  Provides the value of on-site community benefits to be provided to achieve the desired bonus. 5 Density Bonus Calculator  For 3:1 FAR, 5% of housing must be affordable at 60% MFI.  For for-sale units, a fee-in-lieu equivalent will apply (cost currently being modeled).  For non-residential development under 3:1, a non-residential fee shall apply per square foot of development (cost currently being modeled). 6 Density Bonus Calculator  70% of the bonus area above 3:1 FAR must be achieved through fees-in-lieu from which certain dedications (such as on-site affordable housing and parkland) may be removed. – For non-residential development, a non-residential fee shall apply per square foot of bonus area (cost currently being modeled). – For residential development, a residential fee shall apply per square foot of bonus area (cost currently being modeled). 7 Density Bonus Calculator  30% of the bonus area above 3:1 FAR must be achieved through on-site community benefits. 8 Density Map / Boundary Changes 3/16mi buffer from SF 1/16mi buffer from SF 9 Timeline Jan – Feb Staff finalize draft (Jan/ early Feb) Public Comment (Feb 7 – Mar 4) Public Meetings (Mid-late February) March April May Staff incorporates feedback Review / Adoption (April/May) 10 Thank You