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C&D committee advances PY2025 funding recommendations; asks housing needs analysis to probe land bank, short-term rentals and affordability
Summary
The City’s Community and Neighborhood Development (C&D) committee reviewed the proposed PY2025 Consolidated Plan funding approach on April 22, asking staff to pursue additional research on a community land bank, student and senior housing needs, short-term rental caps and break‑even cost analyses for development.
Council Member Bridal reported to council on April 22 that the Community and Neighborhood Development committee met with all members present to review final recommendations for the PY2025 Consolidated Plan and the use of CDBG, ESG and HOME funds. Because the city is still awaiting HUD’s 2025 allocation, the committee made recommendations based on 2024 funding levels and directed staff that any required adjustments should be made after final allocations are received.
The committee received a housing needs assessment summary highlighting demographics, household income, concentrated poverty, housing affordability and ownership-versus-renter patterns. Bridal said the committee asked staff to ensure subsequent reporting addresses population projections, the influence of student demographics on affordable housing demand, the effects of short-term rentals on affordability and the area median income, and direct outreach to seniors about preferred housing types.
Committee members requested additional research into potential zoning changes (Bridal referenced recent changes in Austin such as point-access blocks as an example), whether the city has a cap on short-term rentals, and how corporate-owned housing inventory affects the local housing market. The committee also requested a study on the break-even cost for single-family and multi-family projects to inform policy and subsidy decisions; staff from the finance department and planning and development were assigned to jointly work on that analysis.
Bridal said the committee will continue work once HUD allocations are known and that the city held three public hearings to collect community input on the PY2025 funding recommendations.
No formal council action was taken during this report; staff were asked to prepare the requested analyses and to incorporate public input into the final Consolidated Plan.
