Fort Worth city council members make push for affordable housing
Christianne Simmons, who is in charge of the bond program budget, briefed council members on updates to the bond program, and District 9 council member Elizabeth Beck requested that affordable housing be added to the proposal. City council members are reviewing bond proposals to place on the 2026 ballot.
Fort Worth is one of the nation's only major cities that doesn't include affordable housing in their bond program, Beck told the Star-Telegram.
Residents earning the city's median income of $64,576 in 2021 could not afford to buy a median-priced home in Fort Worth, according to a 2023 report on the city's housing crisis.
Major cities across Texas, like Austin, Dallas and San Antonio already have affordable housing bonds.
If the bond aligns with affordable housing bonds in other cities, it would:
Provide funding for homeowners to fix their home.
Create, maintain and renovate rental homes.
Provide funding for permanent supportive housing for people experiencing homelessness.
Buying land for home production.
Fund the production of affordable houses.
In 2024, the Neighborhood Services Department of Fort Worth requested $100 million to support strategies to fight the housing crisis for the 2026 bond program. Its request included support for people experiencing homelessness, acquiring land for developments, subsidized apartments and down payment assistance.
In 2024, council members supported the idea, and many agreed with Beck on the proposition during the work session on Tuesday.
District 8 council member Chris Nettles requested data from the number of times the public has inquired about housing support.
Fort Worth Mayor Mattie Parker echoed the council members' concerns. 'The whole entire city of Fort Worth is grappling with this issue.'
The affordable housing bond would be a separate proposition, Simmons said. Council members discussed where to pull the funds from, and Beck recommended taking $1 million from each of the other five propositions.
Nettles requested that the affordable housing bond be articulated clearly to the public as a separate proposition.
The Tarrant Appraisal District's estimates also came in higher than anticipated, increasing the bond budget by $40 million, to $840M, Simmons told the council.
Simmons recommended that the $40 million be allocated to the streets and mobility proposition, with $20 million to bridges and $20 million to neighborhood streets.
Overview of the bond program
Of the $2.42 billion requested from city departments, FWLab, a department of the city whose Budget Division is responsible for the bond programs, proposed $840 million in funding, according to Tuesday's proposal presentation.
Most notably, the bond program includes funding for the renovation of three public libraries, the creation of a fire station in far southwest Fort Worth and the acquisition of 13 properties, according to the initial program proposal.
There are currently five propositions in the program, including:
Proposition A: $516.5 million to streets and mobility infrastructure improvements.
Proposition B: $185.1 million to parks and open space improvements.
Proposition C: $14.6 million to public library improvements.
Proposition D: $63.9 million to public safety improvements.
Proposition E: $59.9 million to animal care and shelter facility improvements.
Proposition A will carry out four major roadways designed with 2022 bond funds and expand Bonds Ranch Road at three locations.
This is a $148 million increase in bond funding for streets and mobility compared to the $369.2 million in the 2022 bond.
However, impact fees and the state and county are contributing additional funding of nearly $200 million to the major roadway projects.
The program allocates $14 million to Proposition C. The bond program proposed $13.7 million for public library improvements to three locations:
Southwest Regional Library, which opened in 1987.
East Berry Library, which opened in 1967.
Diamond Hill Library, which opened in 1989.
Proposition D includes $19.4 million for a new fire station in south Fort Worth, and $28.3 million will go to renovating a building into a new 911 call center.
City Council plans to build a new animal shelter to replace the Chuck Silcox center, the presentation states.
The 2026 bond program is $280 million more than the 2022 bond program. The population of Fort Worth is one of the fastest growing in the country, even surpassing 1 million earlier this year.
Council members will finalize the project list in the fall, Simmons said. After hearing from the public and conducting community engagement, voters will go to the polls in May 2026 to consider the proposals.
Solve the daily Crossword
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Fundwell Acquires EveryStreet, Uniting Payments, Cash Flow and Capital in One Platform
NEW YORK, August 13, 2025--(BUSINESS WIRE)--Fundwell, a leading fintech platform providing fast, flexible, and transparent business financing, today announced the acquisition of EveryStreet, an innovator in accounts receivable (A/R), accounts payable (A/P), and flexible payment enablement. The acquisition brings EveryStreet's team, including co-founders Logan Shedd, Scott Priddy, and Kevin Park into the Fundwell organization to strengthen its technology and product offerings to businesses around the country. EveryStreet's platform is a one-stop shop for managing, distributing, and completing invoices, powered by an embedded checkout solution with a mix of payment and financing capabilities. The platform helps reduce A/R days, improve cash flow, and increase sales conversion, while integrating seamlessly with existing ERP and financial systems to make adoption and scaling simple. The addition of EveryStreet represents a pivotal step in Fundwell's evolution from a leading funding marketplace to a full-scale business growth platform. By combining Fundwell's extensive lender network and credit products with EveryStreet's A/R and A/P management platform, businesses will have the tools to not only access capital when needed but also to proactively manage their cash flow, bridging short-term needs and long-term financial health. "This acquisition is about more than adding new technology. When I think about the most successful outcomes we've created for our customers, it's always been about helping them get control of their entire cash flow picture," said Sruli Anatian, CEO of Fundwell. "EveryStreet gives us a powerful new capability to help businesses manage their receivables, unlock working capital, and even spread out payments on their invoices over time, marking a foundational step in building an end-to-end platform that advises, equips, and finances businesses for long-term success." As part of the acquisition, EveryStreet's technology will be seamlessly integrated into Fundwell's platform, enhancing its capabilities to help businesses get paid faster, access financing more efficiently, and gain greater control over their cash flow. This integration builds on Fundwell's mission to move beyond one-time funding transactions to deliver year-round financial tools that support sustainable business growth. "We founded EveryStreet to help vendors and retailers view their cash position in real-time, providing them with the clarity needed to plan ahead, control expenses, and maximize their profits," said Logan Shedd, Founder of EveryStreet. "For most businesses, cash flow isn't just a metric; it's survival, and by becoming part of Fundwell, we're making it simpler to understand and easier to act on." The acquisition also brings proven leadership and technical depth to Fundwell. Co-founder and CEO Logan Shedd has built a career at the intersection of payments and embedded finance, holding senior roles in lending, operations, and revenue strategy at companies like Octane Lending, ChargeAfter, and LendingClub. Scott Priddy, co-founder and CTO, is a veteran technologist with decades of experience leading architecture and engineering at fintech and payments leaders, including PayPal, Visa, Mastercard, Ally, Vyze, and BGenerous. Kevin Park, co-founder and CPO, combines product management expertise with a finance background from Wharton, having shaped and implemented strategy and market expansion for high-growth startups and Fortune 500 institutions, including Capital One and JPMorgan Chase & Co. Together with their engineering team in the U.S. and Europe, they strengthen Fundwell's ability to accelerate innovation and scale. Sruli Anatian emphasized that the move is not just about technology, but it's about expanding Fundwell's role in the financial lives of its business owners. "Businesses shouldn't only come to Fundwell when they're in urgent need of capital. They should be plugged into our platform year-round, getting insights on where their cash is coming in, where it's going out, and how to bridge the gaps before they become crises," he said. With the acquisition of EveryStreet, Fundwell is advancing toward its vision of becoming the go-to growth partner for businesses by providing the tools, funding, and guidance they need to not only survive cash flow challenges but to thrive well beyond them. The deal closed on August 11, 2025, and integration is already underway. The first phase of the combined platform is set to debut later this year, marking the beginning of a new chapter in how businesses control, optimize, and grow their financial futures. About Fundwell Fundwell is on a mission to redefine business financing with integrity and innovation. By leveraging proprietary AI decisioning and a curated network of lender partners, Fundwell delivers transparent funding options that move at the speed your business demands. Since inception, Fundwell has supported thousands of businesses nationwide, providing over $1 billion in capital to fuel their growth. Learn more at: View source version on Contacts David JosephHead of MarketingDirect: +1-646-290-7187Email: david@
Yahoo
27 minutes ago
- Yahoo
This Woman Is Going Viral For Hilariously Explaining The Brutal Truth About The US's Student Loan Crisis
I doubt it'll come as a surprise to anyone under 45, but according to nearly "one in six adult Americans" has federal student loan debt, and the New York Times reports that millennials hold the bulk of that debt. Back in May, President Trump resumed collections on previously defaulted student loans, which had been paused since 2020. Combined with the government allowing loan servicers to report late payments to credit bureaus again (which had also been on pause), the New York Times said that millions of people have seen their credit scores drop, and "a record number of borrowers are [now] at risk of defaulting by the end of the year." Student loans have continued to be a point of contention politically as well, with many conservatives arguing against student loan forgiveness, saying it's akin to getting something for free. However, younger people contend that the loans are predatory, unaffordable, and feel impossible to pay off, sometimes even after they've been making regular payments for years. Zoë Tyler, aka thezolyspirit, recently went viral in a video where she jokingly laid out exactly what the student loan crisis looks like in reality. Zoë started out the video satirically, in a perfect mid-Atlantic accent, with a text overlay that says, "What boomers think the student loan crisis is...": "Oh, yes," she said, "Well, I, I know I said I would pay back those student loans, but I... I've decided I don't want to," she said with a smile. "I don't ever want to grow up. I want to stay a child forever." @thezolyspirit / Via Then, she switched immediately back to her normal speaking voice with a text overlay that says "What it actually is..." as she began imitating a one-sided phone call. "Hi, yes, um — so, I have my student loan pulled up here — I've been making the minimum payment on time for 10 years, and I now owe more than I took out. So I just… I was wondering what's that about?" she asked. @thezolyspirit / Via "The interest accrues faster than you can pay it off? Oh, that's…that's you guys are able to do that." "What is the interest, by the way? I can't… It's 13%? Okay. That makes sense, that…that it would be that." Then, Zoë begins a new conversation. "Hi! I just graduated, and I noticed that my student loans are way more than I originally took out. It was accruing interest while I was at school? Uh. Hmm. But it says the principle is more than I took [out]..." @thezolyspirit / Via "When I graduated, you combined the accruing interest into the principle, so now… I took out $55,000, and it's saying that it accrued $20,000 while I was at school. So now, instead of taking the 10% interest off of $55,000, you're taking 10% interest off of $75,000? Wow!" @thezolyspirit / Via The video ended with Zoë signing off the call. "All right, well, uh, thank you. What was your name, sir? One more time? Beelzebub? Okay, thank you." People in the comments were quick to back Zoë up, pointing out that they'd had similar experiences with their own loans. "I borrowed $17k and they want $60k back. They need to be fr lmao," said one person. "My husband, after paying for 13 years, checked his student loan breakdown. Turns out, of the 350$ a month he has been paying on time for 13+ years, only .16 CENTS a month goes toward the principle balance." "atp my student loans are an issue between the government and god." Others pointed out how much costs have changed since the baby boomers were in school. "Tuitions and Fees have gone up 133% since the 80s." U.S. News & World Report confirms this statistic, with the qualifier that it is in regard to in-state tuition and fees at public national universities, and is not adjusted for inflation. "My FIL [father-in-law] paid for his college and his living expenses for the entire year by working an entry level construction job in the summer. No way anyone could do that now-a-days. A summer job wouldn't even cover books and fees." The conversation made its way over to Twitter (X) as well, when the video was shared with the comment, "A TikTok that explains the student-loan crisis better than any politician or journalist can, in 93 seconds." Quoting a response to the original tweet, they also said, "This is not 'basic finance,' these are exploitative non-negotiable terms which makes this a form of predatory lending." "If you get a 7-year car loan and make the minimum payment every month, the loan will be paid off in 7 years... It's literally only student loans that are like this." Unsurprisingly, there were commenters who felt that borrowers were the ones responsible for their debt. "Crying about being responsible for your choices just shows how out of touch that generation is," said one person. "What this tik tok explains really well is that people didn't learn the right things in college." "Do not sign don't understand. Especially don't do that and then try to make it other people's problem." But others pushed back, pointing out that people took these loans out when they were still teenagers, usually with a promise that going to college would help them earn more money later. "Worst part is people will see this and say 'well you as a 17/18 y/o should have realized how predatory it was.'" "Telling 18 year olds that they have to go to college to be successful and not fully explaining to them what loans are like is diabolical." "a lot of us were just shuffled through a line and told to sign a sheet of paper so we could go to school, all with minimal explanation of any of it." And finally, this commenter summed it up best: "But make sure you pay them off whilst also buying a house, paying for a wedding, and having children all whilst earning proportionally less than they ever did because wages are stagnant, ok? You can do it if you just cancel your Netflix." You can see Zoë's full video below: @thezolyspirit / Via And now I have to know: What do you think? Are you still paying off student loans? Do you feel they should be forgiven, or at least reduced after a decade of payments? Let us know in the comments. And if you'd like to remain anonymous, you can use the form below.
Yahoo
27 minutes ago
- Yahoo
Jefferies Lowers Monday.com (MNDY) PT to $330, Cites Revenue Raise, AI Fears
Ltd. (NASDAQ:MNDY) is one of the best upside stocks to invest in now. On August 12, Jefferies analyst Brent Thill lowered the firm's price target on to $330 from $360, while keeping a Buy rating on the shares. Although the company's Q2 2025 results were robust, the analyst's sentiment was driven by the small FY25 revenue raise and AI fears. reported a strong 27% year-over-year revenue increase in Q2, which reached $299 million. The company's non-GAAP operating income also grew to $45.1 million, up from $38.4 million in the same quarter of the previous year. Additionally, net cash from operating activities increased to $66.8 million from $55.8 million year-over-year. Software engineers collaborating on a project while seated in a shared workspace. Monday CRM product reached $100 million in Annual Recurring Revenue/ARR within 3 years of its launch. The company also introduced new AI-powered features, including Monday Magic, Monday Vibe, and Monday Sidekick. For Q3, expects total revenue to be between $311 and $313 million, with a non-GAAP operating income projected to be between $34 and $36 million. Ltd. (NASDAQ:MNDY) develops software applications internationally. The company provides Work Operating System/OS, which is a cloud-based visual work OS that consists of modular building blocks used and assembled to create software applications and work management tools. While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data