The city council of Austin has recently given the green light to the Opportunity Unlocked program, an innovative approach designed to tackle the city’s pressing need for affordable housing. This subsidy-free, density bonus program aims to encourage contractors to add more bedrooms to new construction projects and permit the development of multifamily units on previously single-family lots. The proposed ordinance will be up for final approval on October 19th at the city council meeting. Take advantage of Austin’s growing housing market and find the perfect home by visiting our [Austin Home Search](https://smartaustinrealty.com/austin-home-search/) page. If you are considering a move to Austin and need help with your transition, check out our comprehensive [Austin Relocation Guide](https://smartaustinrealty.com/moving-to-austin-texas-the-ultimate-relocation-guide/). Looking to sell your home? Discover its potential value on our [What’s My Home Worth](https://smartaustinrealty.com/what-is-my-home-worth/) page. Read more about the Opportunity Unlocked program on the original news article [here](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29341).
Construction & Real Estate Update for April 30 2024
Dive into the heart of Austin's buzzing real estate scene with today's roundup, featuring the latest on construction permits, groundbreaking projects, and exclusive insights into unique properties transforming the city's landscape. Discover how Austin's "Cap and Stitch" vision could revolutionize I-35 and impact local real estate, and learn about the $15M initiative aimed at boosting affordable housing. For a comprehensive view of Austin's dynamic market and to kickstart your property journey, click through to read the full details and explore what the ATX real estate rodeo has in store for you.