HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2018-07RESOLUTION NO. FWHFC-2018-07
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION 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 Corporation 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;
RESOLUTION NO. FWHFC-2018-07
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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;
WHEREAS, the Plan includes agreed -upon roles and responsibilities for the
Partners including their respective roles in meeting the greatest needs for housing in the
City; and
WHEREAS, the Board of the Corporation desires to support these efforts to
increase affordable housing in Fort Worth and to accept a leadership role for the
Corporation in the implementation of the Plan.
NOW THEREFORE, BE RESOLVED BY THE BOARD OF DIRECTORS
OF THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board 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 for the Corporation in the
implementation of the Plan.
2. THAT Fernando Costa, General Manager of the Corporation, or Aubrey Thagard,
Assistant General Manager of the Corporation, or their duly appointed successors,
are each authorized to take such actions as are reasonable and necessary in the
implementation of the Plan, and are each authorized to do any and all other acts
and things necessary or proper in the furtherance of the Plan as they shall deem to
be necessary or desirable.
3. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted December 4, 2018.
FORTMO.RIGH HOUSING FINANCE CORPORATION
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