Summary
The city is evaluating its first-ever housing needs assessment to address affordability, senior aging-in-place, family housing, and rental options. Strategies under consideration include CDBG funds, opportunity zones, missing middle housing, and Housing Finance Corporations.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 19, 2026.
Impact analysis
Potential federal CDBG allocation of approximately $780,000 annually with administrative caps, plus future financing mechanisms.
Richardson residents seeking affordable housing, seniors aging in place, and local workforce employees.
Other taxing entities such as school districts could see constrained revenue growth if exemptions are applied broadly.
Mentions & discussions (5)
City Council — City Council Work Session
The city is evaluating whether to set up special corporations to help developers build more workforce and affordable rental housing by offering property tax exemptions and tax-exempt bonds.
High Street, Tokyu Break Ground on 281-Unit Multifamily Project in Downtown Richardson, Texas
High Street, Tokyu Break Ground on 281-Unit Multifamily Project in Downtown Richardson, Texas REBusinessOnline
Meeting Audio — Tax Increment Financing Reinvestment Zone No. 1 Board of Directors
The city is evaluating its first-ever housing needs assessment to address affordability, senior aging-in-place, family housing, and rental options. Strategies under consideration include CDBG funds, opportunity zones, missing middle housing, and Housing Finance Corporations.
Richardson to focus on increasing affordable housing supply with new initiatives
Richardson to focus on increasing affordable housing supply with new initiatives Community Impact
Council Hears Funding Mechanisms for Future Housing Discussions | Richardson Today
The City Council was briefed Monday on Housing Finance Corporations (HFC) and Public Facility Corporations (PFC) and how they can address the needs identified in the City’s Housing Needs Assessment. The assessment was commissioned by the City in late 2024 to identify current and future housing needs specific to Richardson. Reviewing and discussing the next steps in the assessment was one of the tactics adopted by the City Council for its 2025-27 term.
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