RECOMMENDATION #19

Develop a Housing Strategy Plan and continue to perform an Impediments to Fair Housing study on a regular schedule.

In FY 2023, the City hired consultants to develop a Housing Strategy Plan. The consultant’s work was broken into two phases. Phase I, focused on analysis and data collection using the most recent 2020 census information. In Phase I, the consultants conducted a comprehensive analysis of Lewisville's housing market, identified affordable housing inventory, conducted a demographic study, analyzed jobs and wages in our community, and studied economic growth patterns.

This study focused on identifying impediments to fair housing with a breakdown on housing issues related to different racial, ethnic, and age groups. This analysis will help city leaders, staff, and its partners gain insight into the city's current and future housing needs, particularly focusing on affordability.

In Phase II, the consultants will develop Lewisville's Housing Toolkit. Development of this toolkit will be based on the data analysis from Phase I and will involve public outreach and input.. The toolkit will help Lewisville maintain and promote affordable housing. It will be tailored specifically to Lewisville's local economy and demographics. The purpose of this Housing toolkit will be to align resources, ensure a unified strategic direction, and facilitate community partnerships to achieve a shared vision of housing affordability. The toolkit will recommend new funding mechanisms, proposed regulatory changes, and other creative approaches that the City of Lewisville and community partners can utilize to achieve both market rate and affordable housing goals.

The Housing Strategy Plan will be updated every 10 years.

Status: Complete

Completed Actions

• The consultant presented the Gap Analysis and Market Value Analysis to City Council on July 17,2023.
• The Housing Strategy Plan has been completed and staff is implementing the tasks provided in the Toolkit. The City is required to perform an Assessment of Fair Housing (AFH) every five years. The current AFH was approved by City Council in November of 2022.