Proposed amendment to STR ordinance – density cap for multifamily properties

[Mike Siegel]

Good morning colleagues,

I’ve posted a proposed amendment to Item #40 on Thursday’s agenda: https://services.austintexas.gov/edims/ ... ?id=446271

This amendment would cap the percentage of units that can be used for short-term rentals at multifamily residential properties at one STR, or 3% of total units, whichever is greater.

The rationale for this amendment is to prevent displacement of renters at multifamily properties. In particular, my concern, shared by advocates for Austin tenants, is that proliferation of STRs at multifamily properties will lead to rising rents and increased economic pressure on working Austinites.

This amendment is consistent with the proposed findings of fact in support of the STR ordinance (Exhibit A, V2 of the proposed ordinance: https://services.austintexas.gov/edims/ ... ?id=446269), including proposed finding of fact #5: “when housing units are utilized solely as STRs, those housing units are no longer available as long-term housing for residents, which can impact housing affordability, neighborhood dynamics, and the quiet enjoyment of one’s home.”

Please consider supporting this amendment. I look forward to discussion in the days ahead.

With respect,
Mike