Item3-CDC-Project Connect_Anti-Displacement Investments_September 2024 — original pdf

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Project Connect Community Initiated Solutions Programs Update Community Development Commission September 10, 2024 Contents • Community Initiated Solutions Program Funding & Priorities • Program Descriptions • Next Steps Background and Research 4 Five Guiding Community Values 1. Prevent households from being priced out of Austin 2. Foster equitable, integrated, and 3. diverse communities Invest in housing for those most in need 4. Create new and affordable housing choices for all Austinites in all parts of Austin 5. Help Austinites reduce their household costs 5 Research & Data Displacement risk maps help us prioritize investments for maximum impact and community benefits. 6 Allocation of Funds to Date Project Connect Anti-Displacement Funding Investments Anti-Displacement dollars will be spent over the course of 13 years, guided by the Project Connect Community Advisory Committee (CAC). Council, Community Catalysts, the Project Connect Community Advisory Committee, and community members have all been key stakeholders responsible for informing budget priorities. The CAC will continue to work with community through expanded community engagement efforts and establish budget priorities every three (3) years. 8 Project Connect Anti-Displacement Funding Timeline 9 Project Project Connect Connect Timeline of Funding Available FY23- FY25 Funding 10 Anti-Displacement Funding Allocated to Date Available Balance $44,194,231 Expenditures $29,925,602 25% $120 million $120 Million Allocated Allocated To through Date FY24 Expenditures Encumbrances Available Balance Encumbrances $45,880,167 11 Project Connect Anti-Displacement Funding 13 YR Timeline PC Funding FY23 – FY25 CIS Next Steps $10.9 Million for Phase II Additional funding made available for existing CIS partners. Applications will be submitted this summer and evaluated by community evaluators and CAC members. $5 Million for New CIS Submissions This fall, new funding will be made available for new applications with a priority focused on projects that expand economic mobility. 12 Community Initiated Solutions Project Connect – Community Initiated Solutions Tenant Stabilization Rental and utility assistance, case management, tenants’ rights, and community organizing. Homeownership Preservation and Expansion Community land trust accelerator, homeowner resiliency education, tax abatement strategy. Economic Mobility Estate planning, workforce training, financial literacy education. 14 Community Initiated Solutions (Tenant Stabilization) El Buen Samaritano "We Belong Here: Nuestros Hogares" Funding: $2 million Term: 4/3/23 through 4/2/24 Workers Defense Project & Strengthening Tenant Action Combatting Displacement Funding: $2 million Funding: 4/1/23 through 3/31/26 Austin Tenants' Council (TRLA) Preserving, Asserting, Growing the Rights of Austin Tenants Funding: $997,310 Term: 10/1/23 through 9/30/26 15 Community Initiated Solutions (Tenant Stabilization) Meals on Wheels Central Texas Child Assistance Program Funding: $900,000 Term: 5/1/23 through 4/30/26 Communities in Schools of Central Texas Student & Family Housing Displacement Assistance Funding: $1.5 million Term: 4/1/23 through 3/31/26 Austin Voices for Education and Youth North Austin/Rundberg Community Stabilization Project Funding: $1,268,000 Term: 4/3/23 through 4/2/26 Mama Sana Vibrant Woman Eviction Prevention services for households receiving services from Austin’s Maternal Health Equity Collaborative. Funding: $1,537,835 million Term: 1/1/24 through 12/31/26 16 Community Initiated Solutions (Homeowner Stabilization) Austin Cooperative Business Foundation Asociación de Resident es/ Asociación de Residentes North Lamar Anti-Displacement Improvements Funding: $516,206 Term: 4/1/23 through 3/31/26 Del Valle Community Coalition Homeowner Resilience Program Business & Community Lenders (BCL) The Austin Community Land Trust Accelerator Funding: $1.1 million Term: 3/1/23 through 2/28/26 Funding: $2 million Term: 4/1/23 through 3/31/26 17 Community Initiated Solutions (Economic Mobility) Goodwill Industries of Central Texas Connections to Work Life Anew Restorative Justice Inc. Anti-Displacement Property Ownership InterFaith Action of Central Texas iACT Financial Education & Literacy Program Funding: $2 million Term: 4/1/23 through 3/31/25 Funding: $2 million Term: 4/1/23 through 3/3/26 Funding: $256,650 Term: 11/1/23 through 9/30/25 18 Eligibility Map • Enter the address • The result will either be Yes or No • Click the icon to print • Community Initiated Solutions Eligibility 19 20 Community Initiated Solutions – Next Steps $10.9 Million for Phase II Additional funding made available for existing CIS partners. Applications were evaluated by community evaluators and CAC members and will be awarded soon. $5 Million for New CIS Submissions This fall, new funding will be made available for new applications with a priority focused on projects that expand economic mobility. 21 Next Steps • Continued collaboration with City of Austin staff, ATP, and CapMetro. • Continued coordination with community to assess neighborhood priorities. • Evaluation of CIS programs to determine effectiveness and continued funding needs. 22 Thank you Susan Watkins, Housing Division Manager susan.watkins@austintexas.gov.gov 23