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Home My WebLink About2014/01/07-Minutes-HEDC CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE January 7,2014 Present: Committee Member Joel Burns, Chairman Committee Member Danny Scarth, Vice Chairman Committee Member Betsy Price (arrived at 2:09 pm) Committee Member Salvador Espino Committee Member Kelly Allen Gray Committee Member W. B. `-Zim"Zimmerman Committee Member Jungus Jordan Committee Member Dennis Shingleton Committee Member Gyna Bivens City Staff: Fernando Costa, Assistant City Manager Peter Vaky, Deputy City Attorney Mary J. Kayser, City Secretary Jay Chapa, Housing and Economic Development Director Cynthia Garcia, Assistant Director, Housing & Economic Development Department Other City Staff in Attendance: Tom Higgins, City Manager 1. Call to Order—Joel Burns, Chair With a quorum of the committee members present, Chairman Joel Burns called the meeting of the Fort Worth Housing and Economic Development Committee to order at 2:05 pm, on Tuesday, January 7, 2014, in the Pre-Council Chamber of the Fort Worth City Hall, 1000 Throckmorton Street, Fort Worth, Texas 76102. 2. Approval of Minutes from the Meeting Held on November 5,2013 — Joel Burns, Chair Motion was made by Committee Member Scarth and second by Committee Member Shingleton to approve the minutes of the November 5 2013, Fort Worth Housing and Economic Development Committee meeting. Motion passed 8-0. Committee member Price absent. 3. Executive Session - The Housing and Economic Development Committee will conduct a closed meeting to: A. Seek the advice of its attorneys concerning the following items that are exempt from public disclosure under Article X, Section 9 of the Texas State Bar Rules, as authorized by section 551.071 of the Texas Government Code: legal issues related to any current agenda items; and CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMA41TTEE January 7,2Ol4 Page 2of4 B. Discuss the purchase, ou\o, lease or value ofreal property, as authorized by Section 55\.072of the Texas Government Code. Deliberation inunopen nooc1iog would have u dobinuoutu| effect on the position of the City in negotiations with u third party; and C. Discuss or deliberate negotiations relating to any economic development negotiations, as authorized by Section 55 1.087 of the Texas Government Code. Chairman Joel Burns stated than on Executive Session Would not heneeded. 4. WcitteoRepodm—Juy Cbupm,Director,Housing and Economic Development Department * Memo on The Berkley Apartments, Phase ll There were oo questions on the report. 5. Presentation on Recommendations for Award o[HOME Investment Partnerships Program Funds for Housing Development- Avis Chaisson, Community Development Manager Ms. Chaisson reviewed the process for the submission of projects for HOME lovontnunnt Partnership Program Funds. She reviewed the proposals received: Organization CD RFP Funding Request Staff Score Recommendation -Zenstar Development, LLC 3 78 $1,500,000.00 $1,500,000.00 New Columbia Residential, 8 75 $2,500,000.00 $1,200,000.00 Heritage Park Vista Housing 4 70 $1,156,000.00 - Partners 11 Junction, LP -Proposed HOME Fundin __L_ $2,700,000.00 Ms. Chaisson provided details ou the two projects recommended for funding. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE January 7, %0l4 Page 3nf4 Ms. Chaisson advised the Committee on the next steps: 30 Public Notice for change in use n[HOME Funds January g, 20\4 M&C 0n issued Resolution *[support for any Tax Credit Development January 28, 2014 Last day for public comment oo Public Notice February 3, ZOl4 M6LC to Authorize the Execution of I{(}ME Contract for Developments Recommended for Funding February 4` 2O)4 There was no action required oo this item. 0. D'reaeotodno on Western Economic Scrvjuu`a Draft of ,1no/vsiv of Imncd/*xmn1$ to Fab~ Housing Choice for the City of Fort Worth— Robert Gaudin, Director, Western Economic Services, [[C Robed Gaud in presented an overview of the Analysis of/no/nuOnvnn¢ to Fair Housing Choice jbr the C/(ynfFod 0/or/h. The report covered types oFhousing uoonp|uiutu and various aspects of home lending that are impediments to Fair Housing. He also covered uuusporLu1lno issues related to housing and economic centers. He identified impediments and solutions for both the private sector and public sector. }\ttor some discussion, Chairman Burns asked that Mr. ]ay Cbnpa, Director of Housing and Economic Uuvc|opnncot, present the overview of Rousing Programs and Policies. f\ttcr the presentation, the chair would entertain questions and comments on both items. 7. Overview nf Housing Programs and Policies — Jay Chupu' Director, Housing and Economic Development Mr. Chupurcvicwcd Housing Affordability — families that pay more than 30% ofgross income for housing are cost burdened. The City of Fort VVodb Housing Programs are aimed at households eanoing no more than D0Y6ofthe area noodiuo income (AM0. These programs u))ovv households to not over spend on housing u||np/ing for spending on other needs such as healthy food, education and transportation. The city nff�re programs for both owner occupied housing and rental housing. The data shows that there is an affordability gap of 10,095 units to renters under 30% AMI. There is u surplus of units in the 30Y6-50% AM| and 50% - 8096 AML Mr. Chupu noted that (here are also non-income related factors leading to housing cost burden such us: location of affordable housing in proximity to work, family and quality schools and the quality of the housing. M . Cbupu outlined the staff recommendations: • Staff to review ourrcnt programs to check alignment with current housing income |ovm| disparity and City Council dimoumsion/dircotioo • Conduct best practices review in other municipalities • Develop potential new programs and/or funding sources to promote sustainable neighborhoods and affordable housing • Recommendation to City Council in April on: , Implementation plans of Analysis of Impediments recommendations " Review findings and provide r000norocndu1ions/uhuoge000 current programs CITY OF FORT WORTH,TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE ,January 7, %Rl4 Page 4ol4 8. Requests for Future Agenda Ibcmum—]oe| Bums, Chairman Stall' will bring back responses tothe housing reports in April. What can the City do with the funding and programs that vvc have and bop/ to leverage the funding. Chairman Burns asked that the accessibility issues be addressed before the April meeting. 9. Date o[Next Regular Meeting: February 4,20l4 -Joel Burns, [huionuu |0. Ad`oorn—Joel Burns, Chairman With no further presentations or discussions, Chain-nan Burns adjourned the regular meeting of the Housing and Economic Development Committee at 3:20 pm, on Tuesday, January 7, 2014. These minutes approved hy the Housing and Economic Development Conoroitt m nnonthc4 day of February, 2014. /\9y0}VBQ: ChaifFan- Minutes by and Attest: