| Agenda Item: | 11.
| | Agenda Title: | Discuss and consider action on the approval of a Request for Proposals for Work Force Housing.
| Council Action:
| Discussion and possible action
| | Department: | Administration
| | Staff Contact: | Clint Garza
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1. INTRODUCTION/PURPOSE
In partnership with JLL, the City of Bee Cave created an RFP for Workforce Housing on the city owned tract of land which consists of approximately 22.51 acres located along the south side of the heavily traveled Bee Cave Parkway and west of Skaggs Drive.
The City’s vision for the project site includes a multifamily development to offer more housing alternatives, retail, recreational uses, and open spaces for those in the community at various income levels and onsite amenities that are synergistic to the development and complement the fabric of the surrounding community.
2. DESCRIPTION/JUSTIFICATION
a) Background
As our city experiences rapid growth and development, the affordability of housing has emerged as a critical concern impacting the well-being of our workforce and the overall economic vitality of our community. Essential workers, including teachers, healthcare professionals, public safety personnel, and service industry employees, face significant challenges in finding housing that aligns with their incomes. This disparity between housing costs and wages not only affects the quality of life for individual residents but also poses barriers to attracting and retaining a diverse and skilled workforce essential for our city's continued success.
b) Issues and Analysis
The Request for Proposal (RFP) for the Workforce Housing Developer offers a thorough overview of the project's objectives, specifications, site details, protocols, and criteria. It is concluded with scoring requirement criteria aimed at ensuring that Bee Cave's most critical needs are not only addressed but prioritized.
3. FINANCIAL/BUDGET
| Amount Requested | | | Fund/Account No. | | | Cert. Obligation | | | GO Funds | | | Other source | | | Grant title
| | | Addtl tracking info | |
4. TIMELINE CONSIDERATIONS
5. RECOMMENDATION
Staff recommends council approves the RFP.
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