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Anonymous
Posted on Monday, July 07, 2003 - 01:11 pm:   

What is the status of bringing in affordable housing in Frisco?
 

Amy Gill, CM Fellows Program
Moderator
Username: Amyg

Post Number: 45
Registered: 08-2002
Posted on Wednesday, July 09, 2003 - 09:59 am:   

The City Council established a Housing Trust Fund Board in the fall of 2002. The mission of this board is to improve the quality and quantity of housing opportunities for families earning 30-60% of Frisco area median income through housing and economic development programs designed by the Board and approved by the City Council.

With the recommendation of the Housing Trust Fund Board, this spring the City Council endorsed a grant application to the Texas Department of Housing and Community Affairs to match funds for a down payment assistance program for first time homebuyers. The City should receive notification of the grant by the end of July.

While the Housing Trust Fund Board has been working on finance methods to provide access to workforce housing, an Ad Hoc Workforce Committee is working on ways to increase the housing stock for workforce families in the city. (You might also be aware of the work of the Frisco Housing Authority. However, their focus is on assisting very low-income households with basic housing.)

The next scheduled meeting of the Housing Trust Fund Board is Tuesday, August 12th at 7 p.m. in the library programming room. The next meeting of the Ad Hoc Workforce Committee will be Wednesday, July 16th at 7 p.m. at City Hall.

If you have any further questions, please contact me at agill@ci.frisco.tx.us

Amy Gill
Fellow
972-335-5551 X119

 

Matt McGhee
New member
Username: Matt

Post Number: 1
Registered: 07-2003
Posted on Wednesday, July 09, 2003 - 01:31 pm:   

So, our city of 50-some thousand people needs 2 bureacracies to deal with housing issues? This seems very inefficient given the size of Frisco. What is the total budget commitment to these 2 areas?
 

Amy Gill, CM Fellows Program
Moderator
Username: Amyg

Post Number: 46
Registered: 08-2002
Posted on Wednesday, July 09, 2003 - 03:55 pm:   

Matt,
The Ad-Hoc Workforce Housing Committee is an all volunteer workgroup that formed in February 2002 out of a special City Council worksession on affordable housing issues. They have no budget and are not a permanent committee.

One of their recommendations to the City Council was the formation of a Housing Trust Fund. When the City Council created the Housing Trust Fund Program, they provided funding of $600,000. The Housing Trust Fund Board has researched a variety of sources to leverage these funds, with their first initiative being the TDHCA grant to match funds for a down payment assistance program. As mentioned, the city should hear about that grant by the end of July.

Amy Gill
972-335-5551 X119
agill@ci.frisco.tx.us

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