Backup — original pdf

Backup

Housing Affordability Overview & Briefing LGBTQ+ Quality of Life Advisory Commission October 10, 2022 Content Overview of HPD Strategic Housing Blueprint Housing Investments City of Austin Housing and Planning Housing and Planning Department Mission: The Housing & Planning Department partners with the community to shape a more equitable Austin and to prevent the displacement of people and services, using planning disciplines and affordable housing resources. Goals •Create people centered plans and policies to support pedestrian oriented places that promote transit, jobs, and affordable housing opportunities •Facilitate long-range planning opportunities to promote the creation of walkable, mixed-use, and mixed-income communities •Collaborate with community members to honor and learn from Austin’s distinctive physical and cultural qualities to help sustain a multi-ethnic city •Prevent displacement of renters by providing tenant stabilization resources •Address housing challenges in Austin by creating and preserving affordable housing units especially in high opportunity and gentrifying areas •Transform community engagement processes to yield more inclusive, equitable, and effective outcomes for people of color, low-income persons, and renters •Identify and address systemic municipal racial bias and discrimination in housing and planning by focusing programs, plans, and projects to benefit historically excluded communities 4 Housing and Planning Department 5 Austin Strategic Housing Blueprint Austin Strategic Housing Blueprint (2017) • Goals: • Disperse Affordable Housing to all 10 Districts • Create 60K Units of Affordable Housing across 0% - 80% Median Family Income • Count & track all new and existing housing • Develop along Imagine Austin Centers/Corridors & near High Opportunity Areas • Preserve 10K Affordable Housing Units • Create Permanent Supportive Housing and Continuum of Care Units for people experiencing homelessness 7 8 Housing Market Conditions (2022) 9 Blueprint Scorecard 2021 Housing Blueprint Scorecard 10 4-Year Blueprint Progress 11 Housing Investments Proposition A 2018 Bond Ballot Language 13 2018 Affordable Housing Bond Spend Plan Project Name FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 Total Prop A- Affordable Housing Land Acquisition $ 20 million $30 million $30 million $20 million - $100 million RHDA OHDA $16 million $18 million $20 million $20 million $20 million $94 million $4 million $6 million $6 million $6 million $6 million $28 million Home Repair $2 million $5 million $6 million $7 million $8 million $28 million $42 million $59 million $62 million $53 million $34 million $ 250 million 14 Investment by Funding Type FY11-12 – FY20-21 AHFC Investment >$181 million 75% from GO Bonds 5,000+ income restricted units 15 Investment by Affordability Level 3,000+ units below 50% MFI 16 Production Pipeline by Year of Estimated Completion 17 2018 Affordable Housing Bond Investments • Vi Collina – AHFC Partnership • Oltorf at Pleasant Valley • Partnership with O-SDA • 170 units – 71 < 50% MFI • 100% Affordable • 81 – 2BR units • 41 – 3BR units • Opened Spring 2022 AHFC Land RFP • Norman Crossing • Approximate 9-acre site next to Norman-Sims Elementary • Purchased from Austin ISD • Partnership with Foundation Communities and Guadalupe Neighborhood Development Corporation • 140+ unit Rental Housing (including 1-, 2-, 3-, and 4-bedroom units) • Onsite Learning Center • 30 Townhomes and Duplexes (Ownership) 19 AHFC Land RFP Approximate 3-acre site in the MLK neighborhood, next to Mueller Assembled with purchases from City of Austin and private landowner Partnership with Capital A (local developer) and NHP (national developer) and Integral Care (local mental health authority) • Seabrook Square • • • • 202 unit Rental Housing (including 1-, 2-, 3-, and 4-bedroom units) and 60 studio units for PSH/COC development • 10 Live+Work units for local, East Austin artists, partnering with SixSquare to affirmatively market the units and to curate art throughout the development • Café and art house, partnering with Origin Studio House • Murals and community events provided by Raasin in the Sun 20 AHFC Land / Asset Holdings • 50+ acres of land (and growing) • Goal of 4 developments initiated per year • Currently focused on Project Connect train lines Community Land Trust – CLT  AHFC CLT Portfolio  15 Occupied CLT Homes  29 Homes in Pipeline  Preference Policy Launch  Lottery June 2022  https://www.aclt-homes.org/ 22 CLT Homes 23 Displacement Prevention Program Highlights – Displacement Prevention Project Connect Anti-Displacement Funding –$300 Million –Community Catalyst/Racial Equity Tool –Community Advisory Committee –Investments Focus Area Tenant Stabilization –Renters’ Rights Assistance Program –Emergency Rental Assistance –“AHOST” – online affordable housing inventory 25 Project Connect - Anti-Displacement Funding Anti-Displacement dollars will be spent over the course of 13 years, guided by the Project Connect Community Advisory Council. In January 2022, The Housing and Planning Department at the City of Austin announced the plan for the first $65 million. 26 Affordable Housing Online Search Tool – AHOST  Affordable Housing Online Search Tool  Enter household income and household size to view affordable rental properties  How-To Video 27 Discussion