Quote:
Originally Posted by tildahat
BUT, on the affordability and mix of housing I think Mueller is a complete failure. One of the main ways in which Mueller was sold was that it would have opportunities for all income levels. That is profoundly not what we got. For the market housing we got a mix of housing types unaffordable to 90% of households in Austin. And for the affordable housing it was probably only truly affordable to a tiny sliver of families meeting the cutoff. Last round had 'affordable' housing pushing $200k. A family with kids making 70% of MFI can't afford that. Plus affordable housing has started to revert to the market, at which point it becomes almost as expensive as the other market housing, so Mueller isn't even going to make its 25% goal by the time build out is done. And then there's a HUGE leap in price to the market units, "The Gap"....
If Mueller was a market driven development, that would be one thing. But as I understand it, we are basically giving Catellus the land. So I'm subsidizing people living in houses my family can't afford. I call BS on that.
And I think it's intentional by Catellus. For the first round of Mueller Houses they had market units with models with a $/sf price that would have allowed 3bd2bth units in the $150-$200k range, but they only built huge units that phase. Next phase they DID build smaller 3-2 units as promised. And jacked up the $/sf to make them unaffordable too.
(Full disclosure, my family got screwed around big time by Mueller, so it's a raw nerve.)
"The Gap" includes 40-60% of Austin families with kids, so I take issue with this idea that there's a mix of options or incomes there. To be clear, my frustration is not directed at you, I just can't let this idea stand that Mueller is doing anything other than failing spectacularly to deliver on this promise ....
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First of all - wrt to mix of housing types - I don't see how this is debatable at all. Within 1 sq. mile there are:
SF detached yard homes ranging from affordable up to million dollar showcase homes
Garden and garden court detached type homes that share green space
Town Homes at various price points
courtyard town homes
Mueller Houses - 4 and 6 unit buildings
Condominiums
Market Rate Apartments
"Affordable" Apartments
Senior Apartments
Live/work shop homes on the way
wrt to "affordability" - Mueller has a goal of providing 25% of it's housing at affordable levels. 10% would be expected. 15% would be ambitious. I don't know of a single project nationally on the scale of Mueller shooting for 25%. That is entirely unique in this world to my knowledge.
"Affordable", in this case I believe, is defined as being at 80% MFI which includes much more affordable units - such as the recently proposed DMI affordable workforce housing apartment building.
Currently on the market under affordability program there are:
5 DW Garden Homes 170-190K
16 DW Row Homes 170 - 183K
SP Mueller house condos 181 - 213K
Streetman affordable row homes 158 - 168K
To my knowledge, Catellus is on track to fulfill that promise. But that doesn't mean everyone in Austin who wants one gets one. Not everyone can get a market rate home from the home builder either - those have long waiting lists. Of course you can get one on the secondary market - but you have to be pretty fast - they tend not to stay on the market too long.
As you noted, there is an affordability gap where units are available at the very low end and there is a huge jump to market rate. I have heard it discussed but I don't know how that's being addressed. In my mind - the best kind of affordability is just providing denser/smaller market rate homes.
In any case, it's hard to take issue with the Mueller plan and Catellus for not doing enough on affordability - 25% is unprecedented for this kind of development. Stapleton offers the most direct kind of comparison to Mueller (dense-ish, new urban, brownfield redevelopment of abandoned airport, partnership w/city) - it's affordable housing goal by contrast is 10% for ownership.