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Hundreds of new units were cleared for construction during the initial year of the Home Ownership for Middle-income Empowerment, or HOME, initiative's first phase allowing for more housing on single-family lots.
The details: The effects of the new policy are already being felt around Austin, although more time may be needed to determine its clear outcomes on housing affordability, resident displacement, public infrastructure and the environment, according to city reporting.
City Council required annual reporting on HOME's impacts when the land-use update was approved in late 2023. During its first year in effect, from February 2024 through February 2025, the city approved plans for more than 400 new housing units, including many projects featuring multiple homes on a property.
The city's first in-depth analysis, released Nov. 19, suggests HOME is "beginning to achieve its intended objectives without triggering widespread negative impacts." However, city staff wrote that further annual reviews are likely needed before drawing conclusions about HOME's potential success or consequences.
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