Page 36 - ArlingtonFY24AdoptedBudget

Business Plan

Build Unity

Goal 1: Implement Strategies to Eliminate Racism and Other
Forms of Discrimination and to Advance Unity in Arlington
Objective 2: Address Housing Disparities
Project Performance Measure(s) Department(s)
BU Mortgage Readiness Number of voucher-assisted families Housing
1.2.3 who become mortgage-ready
Summary:

Homeownership is a crucial step toward building wealth
for families. The Housing Choice Voucher program allows
assisted household to use their voucher assistance for
homeownership. Housing partners with the Housing
Channel and other organizations to help families prepare
for homeownership. Housing Channels metrics for
homeownership include a credit score of 640 or higher,
savings of at least $5,000, and living within a balanced
household budget.

Housing’s goal is to assist 8 voucher-assisted households
become mortgage ready in FY 2024.

Build Unity

Goal 1: Implement Strategies to Eliminate Racism and Other
Forms of Discrimination and to Advance Unity in Arlington
Objective 3: Address Education and Workforce Training Disparities
Project Performance Measure(s) Department(s)
BU Private Investment – SiFi Completion of Citywide Asset Management, Economic Development,
1.3.1 Network Broadband Network and Planning & Development Services
Summary:
Milestone Estimated Actual
In Summer 2021, the City Council approved a license Completion Completion
agreement with SiFi Networks that grants access to City Council Approval of Spring 2021 May 2021
use the Public Right-of-Way to install, operate, and License Agreement
maintain a citywide fiber optic network system. Execution of Agreement Summer 2021 July 2021
Additionally, SiFi will seek and contract with Internet Pilot Project Summer 2021 Sept. 2021
Service Providers to offer internet service over the Leases for Network Shelters Summer 2022 June 2022
system to residents and businesses. Full Project Funding Winter 2024
Begin Construction Winter 2024
The network system would be comprised of 10.2 15% Construction Fall 2024
million linear feet of fiber, underground chambers, 35% Construction Fall 2025
above-ground cabinets, and shelters. When a 55% Construction Fall 2026
homeowner or business owner becomes a paid
subscriber, then connection is made from the network 75% Construction Fall 2027
to the premises. 100% Construction Fall 2028

To date, the City and SiFi have executed four lease
agreements for the shelters which are the backbone of SiFi has completed design of the network and hired a project
the network. Additionally, staff and SiFi have had manager and prime contractor. SiFi continues to work on
workshops to discuss permitting requirements. finalizing the financing for the project.

FY 2024 Adopted Budget and Business Plan 27 City of Arlington, Texas