Housing Recommendations | 2023 Update
2.3. A Work with educational institutions to include financial education to ensure that graduates are financially responsible.
2.3. B Review homebuyer and renter education to see if it is sufficient.
2.3. C Seek to implement changes where resources are insufficient.
2.4. A Research how to include household debt in the evaluation of housing cost burden.
2.4. B Use the data in the Housing Needs Analysis and debt burden data to identify housing needs and target solutions to gaps.
2.4. C Reduce barriers to renting.
City Facilitator: Housing Authority, Grants Management and Code Compliance Timeframe: Medium term( 1-2 years)- In Progress Partners: ISDs, Tarrant County College( TCC), University of Texas at Arlington( UTA) Actions:
• The Mayor’ s Education Coalition has begun this work.
• The Chief Equity Officer will work with partners to review and discuss available financial education.
• The Chief Equity Officer continues to build relationships with Arlington ISD and Mansfield ISD to deliver school-based and community resources on financial education.
City Lead: Arlington Housing Authority, Grants Management and Economic Development Timeframe: Medium term( 1-2 years) Actions:
• 2.4. A was discussed related to the broader definition of household cost burden. The Unity Council agreed that the standardized definition was more appropriate to use.- Complete
• The City Council CND Committee and AHFC members met four times to work on the parameters related to the use of affordable housing tools. The results were provided to CND Committee, AHFC Board and City Council and remain under consideration. The City Council agreed to implement recommendations through modifications to the LIHTC application and process. Additionally, AHFC is working with developers to ensure additional income targeting is achieved through the partnership negotiations.- Complete(& Ongoing)
• Economic development strategies are focused on improving resident job skills and increasing the availability of jobs with wages that would allow residents to afford existing housing stock.- Complete(& Ongoing)
Unity Council Report 2023 35