Approve an ordinance designating Homestead Preservation District D in West Campus, generally bounded by Martin Luther King Jr. Boulevard on the south, West 29th Street on the north, North Lamar Boulevard on the east, and a western boundary running from Guadalupe Street along West 24th Street, San Gabriel Street, and Rio Grande Street and repealing Ordinance No. 20151217-028 related to a previous attempt to create a Homestead Preservation District D. Funding: approval of this item establishes the district and does not have an immediate fiscal impact. Any future financial impact will be determined as necessary and be presented for Council approval at that time.

Summary

City Council will vote to approve an ordinance designating Homestead Preservation District D in West Campus, generally bounded by Martin Luther King Jr. Boulevard (south), West 29th Street (north), North Lamar Boulevard (east), and a western boundary running from Guadalupe Street along West 24th Street, San Gabriel Street, and Rio Grande Street. The district includes Census Tracts 6.05, 6.07, and 6.08 and aims to support affordable homeownership and prevent displacement. The ordinance also repeals Ordinance No. 20151217-028, a previous, invalid attempt to create this district. While there is no immediate fiscal impact, a feasibility study noted significant data reliability issues with the Median Family Income calculations used to determine the district's eligibility.

Citizen Impact

This action creates a framework to protect affordable homeownership and prevent displacement for low- and moderate-income residents in the West Campus area by enabling future housing tools.

Confidence

medium