By Jonathan Lee
Since the pandemic began, most Austinites have felt the effects of increased rent, higher property taxes, or home prices growing increasingly out of reach. With rising costs forcing people out of their neighborhoods (or out of the city entirely), candidates hoping to become Austin’s next mayor in November agree that something has to be done – and with urgency.
Here, we’ll break down how mayoral candidates Celia Israel, Kirk Watson and Jennifer Virden say they’ll make housing more affordable.
While housing affordability has been a salient issue for many years, the problem has only recently become a top priority for candidates for local office. Watson and Israel told the Austin Monitor that affordability is the biggest challenge facing the city – in line with what respondents said in the recent Notley/Monitor Poll.
“I think affordability and cost of living in Austin right now is the number-one issue, and the biggest part of that is the expense of housing,” Watson said, calling the situation an “emergency.”
“It’s an emergency from the standpoint of pure need, and it’s an emergency from the standpoint of it’s something we can’t waste time on.” Watson released his housing platform on July 21 and a broader affordability platform early last week.
Watson stressed that his plan will “get us out of the old fights that have been an all-or-nothing, winner-take all, zero-sum-game fight for the last decade.” The plan details six strategies as well as 10 other policies that will “make it easier and cheaper to bring new housing online while protecting our existing neighborhoods and environment.”
Israel called Austin’s housing predicament a “crisis.” When she launched her six-step Home for All platform in May, she said, “This election is about who can afford to live here and who gets to decide.”
For Israel, rising housing costs are personal; her rent increased $300 this past year. “I didn’t need to do a poll to tell me that this was the number-one issue and that people are hurting,” she said.
Jennifer Virden, who works in building and real estate, told the Monitor in an email that housing affordability is “a major challenge” that is exacerbated by city policies.
In Virden’s housing platform, released in February, she wrote, “The different stakeholders must realize by now that an ‘all-or-nothing’ approach hasn’t worked, and that we must all work together to cut a path of compromise.”
All three candidates say the city’s slow and expensive permitting process needs an overhaul.
Watson suggests an immediate audit conducted by experts, with a goal of implementing the audit’s recommendations within nine months of taking office – an ambitious timeline by City Hall standards. Watson also wants to temporarily cut permitting fees in half and create a new type of site plan for “simple projects that need less oversight.”
Similarly, Israel suggested creating a “site-plan light” option to speed up approval of projects with six to 12 units. She also proposes allowing three- and four-unit projects – anything “house scale” – to participate in relatively short residential review, which currently applies to single-family homes and duplexes. Another solution to long review times is the creation of a “development ombudsman” in charge of streamlining development review.
Virden proposed similar changes. She said fees should correlate to the size of a project and that all development permits should be housed in one department instead of many separate departments with competing priorities.
The city’s permitting process has come under fire from builders for being too expensive and time consuming. A recent report shows that fees for multifamily residential development are higher in Austin than any other city in Texas. While the city has known about the flaws of the process for years – a scathing several-hundred-page audit came out in 2015 – builders say not much has improved.
In the first moment of confrontation in the mayoral race, Israel attacked a proposal by Watson to encourage zoning changes at the City Council-district scale.
Watson’s plan would allow individual Council members to propose land use changes that would just apply in their district, an approach Israel attacked as “a return to redlining” that would allow wealthier Council districts to avoid change.
Watson clarified his proposal in an email to supporters, saying no Council member would be able to unilaterally veto or adopt zoning changes in their district and that all districts should adopt some reforms.
“The criticism is all premised on the idea that somehow somebody gets a veto,” Watson said. “That’s not in there.” He explained that the approach could be a way to break the gridlock that mired the effort to rewrite the entire land development code.
“I think it’s a sign of leadership that you try out new ideas, especially when you’ve had a decade that it hadn’t worked,” Watson said.
For her part, Israel said her criticism still stands. “If you can read that walked-back explanation and see anything different, I welcome that,” she said.
While nothing is stopping current Council members from suggesting zoning changes just for their district, no member has done so.
Watson also proposes rewarding Council districts that adopt pro-housing reform. While the details still need ironing out, the basic idea is to redirect some of the increased property tax revenue from new development to fund district-level priorities like parks, displacement prevention or rental assistance.
Virden advocated for small area plans as well, though not necessarily at the Council-district scale. “Tackling zoning map changes at a smaller scale with small area plans has a better chance of being done well,” as opposed to a citywide rewrite, she said.
Israel said she hopes the opportunity will arise to finally rewrite the entire land development code. “We’re in a different political time now where we can recognize the crisis, come together and be proud of our city instead of wringing our hands over what we cannot achieve,” she said. “I refuse to accept that the status quo is part of our future.”
Both Watson and Israel support increasing density along major streets and transit corridors, as well as making accessory dwelling units easier to build.
Israel also supports allowing more “missing middle” housing. The term refers to types of buildings between single-family homes and large apartment buildings that zoning typically doesn’t allow or incentivize. Watson’s platform does not mention missing middle housing.
Following court rulings affirming the right of property owners to petition large-scale zoning changes, both Israel and Watson say they support passing land use changes with less than a supermajority – unless a valid petition is present. City Council has been wary of passing such zoning changes without a supermajority for fear of legal action. Virden said she respects the court rulings.
Compatibility and parking requirements
Minimum parking requirements and compatibility, a rule that limits the height of buildings within 540 feet of single-family homes, have been top of mind recently. In June, Council resolved to relax the rules for properties along transit corridors. Compatibility in effect prevents multifamily housing on many properties along major streets, where Council agrees dense housing should go. Housing advocates and developers say parking requirements are another barrier to making housing cheaper and easier to build.
Virden, Watson and Israel all support reducing parking and compatibility requirements. Watson suggests “reducing compatibility and reducing or eliminating parking requirements in targeted areas,” though he did not say exactly where and by how much.
Virden proposes a compatibility compromise similar to what Council has discussed. She also supports reducing parking requirements for single-family homes and buildings within an eighth of a mile of public transit.
Israel supports reducing parking requirements everywhere, which she said would allow for “improved response to the market” and “more housing space on certain lots.” Israel said she has publicly backed compatibility reforms sponsored by Council Member Chito Vela.
Housing on publicly owned land
Israel’s and Watson’s platforms emphasize another idea that has been kicked around for years though not quite acted upon in earnest: building affordable housing on publicly owned land.
Watson proposes creating a Central Texas Housing Partnership in which public entities would plan for housing on the land they own, as well as finding other solutions to a housing crisis that extends beyond Austin’s city limits. Watson also proposes turning part of Walter E. Long Park into a dense, mixed-use community similar to Mueller.
Israel said “we should be doing public good with public land” – but without Council’s penchant for delay. “(Council) will study and analyze something to death,” she said, pointing to the proposed affordable housing project on former Austin Energy property at 6909 Ryan Drive. “The city has been thinking about housing there for over 12 damn years. I think that’s a sin. It’s especially a sin now that people are hurting.”
Watson agrees it shouldn’t take years to decide what to do with city-owned property. “We can’t let the fact that we have thought about some of these things for 10 years create the impression we can’t get this done,” he said.
Elon Musk has proposed once again to buy Twitter for $54.20 a share.
The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.
The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.
While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.
The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.
After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.
With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.
He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.
Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.
Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.
- Elon Musk challenges the Kremlin to a fight on Twitter - austonia ›
- 8 Austin Twitter accounts you should follow - austonia ›
- Elon Musk succeeds in buying Twitter for about $44 billion - austonia ›
- A man near Austin offers land for Elon Musk to move Twitter - austonia ›
- If Elon Musk's deal works out, will Twitter move to Austin? - austonia ›
- Elon Musk says rumors about his travel are a security issue - austonia ›
While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.
The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.
“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.
Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.
The data reflects large apartment communities, single-family homes and 2-6 unit buildings.
- How Austin rent stacks up against other major cities - austonia ›
- Austin had the second-highest jump in one-bedroom rents in U.S. ... ›
- 'Boomtown' Austin could soon end as rent, renewal rates soar ... ›
- Austin's rent jumps higher than almost any other U.S. city as rental ... ›
- Austin tops Texas cities for rent growth in 2021 - austonia ›
- Austin rents continue post-COVID rise thanks to homes frenzy ... ›
- Guide to where to rent in Austin's neighborhoods - austonia ›
- The cost of living is rising but Austin is outpacing the country - austonia ›
- Airbnb for dogs app lets locals rent yard space for pets - austonia ›
- After COVID lull, Austin sees biggest year-over-year rent increase ... ›