Item3c_DRAFT_CDC_recommendation_on_Equity_Tool_expanded_use — original pdf

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Whereas to address the affordable housing crisis, the voters of Austin approved the 2018 GO Bond. Whereas the voters of Austin also approved a $300 million investment in anti-displacement initiatives, along with a commitment to expanding rail service throughout Austin. Whereas, black, brown and other marginalized groups are threatened by displacement due to a shortage in deeply affordable housing. Whereas, the city has made a commitment to equity and justice. Whereas, the Project Connect Group (?) has created an equity tool in order to ensure that anti-displacement funding benefit people most at risk of displacement. Now therefore, be it resolved that the Austin Community Development Commission advises the Austin City Council to adopt the Project Connect Anti-displacement Equity Tool to allocate funding from the 2018 GO Bond and in other matters that aim to address the historic inequalities faced by black, brown and other marginalized peoples of Austin.