Have you heard of CodeNEXT yet? If not, this is a topic that could have an impact on the real estate market and you will want to gain knowledge on the topic. CodeNEXT is the new City of Austin plan to update the current Land Development Code. The land code consists of how a piece of land can be used, including what can be built, where it can be built and how improvements can or cannot be built in the city. Mayor Steve Adler says “The CodeNEXT process will help us manage our explosive growth while preserving what makes Austin special. We have to act and need to begin now – and this map is where we start.”
The current Land Development Code was created in the 1980s and is somewhat difficult to decipher. In 2009 Austinites began to rethink the current code and what works for our growing and ever changing city. Since then the City of Austin has been working on proposing the new Land Development Code. The CodeNEXT initial draft release happened on February 1, 2017. The City is now in the process of several open house events and hopes to finalize CodeNEXT early 2018.
If you are interested in more information on CodeNEXT click here.