HomeMy WebLinkAbout25-0128 - 2025-12-02 - Informal ReportINFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 25-0128
To the Mayor and Members of the City Council
December 2, 2025
Page 1 of 1
SUBJECT: 2026 AFFORDABLE HOUSING BOND PROPOSITION
This report provides information on activities planned for the $5 million Affordable Housing
Proposition recommended for the 2026 Bond Program. This proposition is specifically aimed at
increasing homeownership and equity among Fort Worth residents by lowering the costs to
build affordable single-family housing (i.e. one detached residence per lot). This funding would
promote the construction of quality, accessible, owner -occupied, entry level and workforce
housing in the central city, including Neighborhood Empowerment Zones, Neighborhood
Improvement Program areas, etc. This proposition would complement the federal funding
available for affordable multifamily housing.
If approved by voters, the funding would be allocated as follows:
• Land Acquisition and Demolition: $1 million would be used to acquire vacant lots and
blighted properties. Potential lots must already be zoned for single-family housing and
will be ranked by readiness and suitability for development. Non-profit and private
affordable housing developers would then use these lots to construct homes.
• Infrastructure Costs: $4 million would be used to provide funding to single-family
housing developers to cover public infrastructure costs --such as street, stormwater,
water, and sewer improvements --and for construction fees and water and sewer impact
fees. These funds will be distributed through a competitive process to ensure that dollars
are put into single-family housing developments that best align with the above -
mentioned affordable housing goals.
Homes built for sale through this proposition would be required to be sold to buyers with
incomes between 80% and 120% of the Area Median Income. Potential homeowners may apply
for the City's Homebuyers Assistance Program. Additionally, the homes must be maintained as
affordable housing for a period of up to 20 years.
Should you have any questions regarding this report, please contact Neighborhood Services
Director, Kacey Thomas, at 817-392-8187.
Jesus "Jay" Chapa
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS