Page 33 - FY 2025 Adopted Operating Budget and Business Plan

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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 Unity Council Recommendation – Progress toward affordable housing Grants Management
1.2.1 Ensure Adequate Housing Inventory needs identified in the Housing
is Available, Affordable, and Needs Analysis
Accessible for all Income Levels
Summary:

In addition to the more traditional products, the City needs
a variety of housing affordability types to included < 30%
AMI units and units to meet the needs of the “missing
middle” or those over income for more traditional housing
services, yet still low income.

Working with private developers, staff will continue to
identify opportunities for new affordable housing,
conversion of existing housing to affordable housing and
possible demolition and redevelopment of affordable
housing.

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
1.2.2 who become mortgage-ready
Summary:

Homeownership is a crucial step toward building wealth
for families. The Housing Choice Voucher program allows
assisted households to use their voucher assistance for
homeownership. Housing partners with the Housing
Channel and other organizations to help families prepare
for homeownership. Housing Channel’s 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 2025.

FY 2025 Adopted Budget and Business Plan 24 City of Arlington, Texas