HomeMy WebLinkAboutResolution 5026-12-2018A Resolution
NO. 5026-12-2018
SUPPORTING THE FORT WORTH AFFORDABLE HOUSING
STRATEGIC PLAN
WHEREAS, the City Council of the City of Fort Worth ("City") supports development and
revitalization of the City's affordable housing stock as a strategic goal and has determined that quality,
accessible, affordable housing is needed for low- and moderate -income City citizens;
WHEREAS, the City Council established the Fort Worth Housing Finance Corporation (the
"Corporation") in 1979 pursuant to Chapter 394, Texas Local Government Code, to facilitate housing
initiatives in the City, including but not limited to issuing tax exempt bonds, developing and promoting
housing, and assisting low to moderate income City citizens in acquiring quality, accessible, affordable
housing through lending and construction activities;
WHEREAS, the City seeks to promote neighborhood revitalization and homeownership and
foster the development of reasonably priced quality housing throughout the City by developing
partnerships among the City, the Corporation, local governments, lenders, private industry and nonprofit
housing organizations;
WHEREAS, the City needs a roadmap for affordable housing to establish and identify baseline
data on current affordable housing conditions, opportunities to fill gaps or reduce overlap, a shared
vision and guiding principles for affordable housing initiatives by partner organizations, roles and
responsibilities for each partner organization, action items and steps, basis for engaging additional
partners, and indicators to monitor progress;
WHEREAS, the Corporation, the Housing Authority of the City of Fort Worth d/b/a Fort Worth
Housing Solutions ("FWHS"), and Tarrant County Homeless Coalition ("TCHC") agreed to share the
cost of retaining Strategic Community Solutions, LLC to assist in the preparation of a strategic plan for
the development of affordable housing in the City (the "Plan");
WHEREAS, the other partners in developing the Plan include Tarrant County, the Tarrant
County Housing Finance Corporation, Housing Channel, Fort Worth Area Habitat for Humanity, Inc.,
and Tarrant County Samaritan Housing, Inc. (collectively with the Corporation, FWHS and TCHC, the
"Partners") provided invaluable time, input and expertise;
WHEREAS, the Partners determined that low- and moderate -income persons, persons who are
experiencing homelessness, and first-time homebuyers are among the population segments who can
benefit from the Plan;
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WHEREAS, the Plan's Vision Statement is "By 2028, Fort Worth will have an adequate and
diverse supply of housing, distributed throughout the City";
WHEREAS, in order to achieve the Plan's vision, all organizations involved with housing in the
City will strive to collaborate so that their resources are used effectively, reducing duplication and
creating synergies to maximize housing choices and assistance to City residents;
WHEREAS, the Plan calls for the Partners to maintain consistent policies and practices, avoid
competition, establish market niches based on current organizational mission, and coordinate and
maximize resources for improved outcomes, and the Plan includes agreed-upon roles and responsibilities
of the Partners including roles in meeting the greatest needs for housing in the City;
WHEREAS, on December 4, 2018, the Corporation's Board of Directors approved a Resolution
supporting these efforts to increase affordable housing in Fort Worth and accepting a leadership role for
the Corporation in the implementation of the Plan;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS THAT:
The City Council supports the efforts of the Fort Worth Affordable Housing Strategic Plan
(the "Plan") to increase the supply of affordable housing in the City of Fort Worth and accepts a
leadership role in the implementation of the Plan.
AND IT IS SO RESOLVED.
ADOPTED this 1 Vh day of December 2018.
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