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