Add drastically higher development fees onto your list of things that make buying a house in Austin so expensive. A Texas A&M University Real Estate Research Center study found that Austin’s per-unit fees on new development were 187% higher than Dallas, Houston, Fort Worth and San Antonio. The suburbs aren’t much cheaper as per-unit development fees in Austin are still 127% higher. According to ABoR CEO Emily Chenevert, high development fees charged by the city are cause for concern around solving the city’s ongoing housing crisis.
Full Article here: Are development fees holding Austin back from ending the housing crisis?
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