Georgetown worries Senate bill could threaten livelihood of downtown
The Brief
The Senate passed a bill to help meet the demand for affordable housing
SB 840 would allow developers to convert properties in commercially zoned areas to residential or mixed-use without going through a rezoning process
The City of Georgetown worries this could threaten the future of downtown
GEORGETOWN, Texas - This week, the state Senate passed a bill to help meet the demand for affordable housing in Texas.
But, the City of Georgetown is asking the House to pump the breaks, fearing it could threaten the future of its historic downtown.
The backstory
"We're pro-growth, we're pro-business, but new growth needs to pay for itself," said Josh Schroeder, Georgetown's mayor.
Last year, Georgetown reported almost 12,000 new residents.
More residents mean more housing, but according to the Texas Comptroller, the state is short of about 300,000 homes.
"Members, this is about housing," said Senator Bryan Hughes (R-Tyler) during Monday's senate session. "About that American dream of homeownership, which we are becoming aware is increasingly out of reach for the everyday Texan."
Senator Hughes filed SB 840, which would allow developers to convert properties in commercially zoned areas to residential or mixed-use without going through a rezoning process.
"The current rezoning process is lengthy, complex, legal and consulting experts are required, adding cost," said Hughes. "Every time we add to the cost of that home, we price Texas families out of homeownership."
As Senator Roland Gutierrez points out, normally it's the city's zoning commission that decides who gets to build what and where.
"But that gets rid of local control, does it not?" said Gutierrez.
"To the extent that it provides more housing in those areas, it impinges on local control," responded Hughes.
The other side
Georgetown Mayor Josh Schroeder worries this bill could hurt the city at its core: downtown.
"Our entire historic area, our downtown, that we've spent so much time, so much effort, so much money in turning into this beautiful jewel that everybody recognizes," said Schroeder. "Anyone could come in and build multi-family on any of these properties because they're already zoned mixed-use and what's frightening about the bill as well, so it doesn't have any exceptions for our historic regulations."
He added it may also prevent the city from collecting impact fees.
"Which could be literally, hundreds of thousands of dollars that current ratepayers would be required to subsidize for that new multi-family unit, which is just not fair," said Schroeder.
"We're not anti-growth, anti-development, we just think that those decisions should be made in our community," said Schroeder.
What they're saying
Senator Hughes wasn't available for an interview, but sent the following statement:
"The American dream of homeownership is getting further out of reach for many Texans.
Part of the problem is unreasonable restrictions on the development of land. This further shrinks the supply of homes and raises costs for Texas families.
Senate Bill 840 is one of several bills we have filed this year to stop the government from raising the cost of housing.
Prices are high enough without unreasonable government regulations making them even higher."
What's next
If the House passes this bill, it would only be applicable to cities and counties with a certain population.
Georgetown would meet that requirement, but none of the areas that Senator Hughes represents would.
The Source
Information from interviews conducted by FOX 7 Austin's Lauren Rangel

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
15 minutes ago
- Business Insider
Trump signs Executive Order to ‘unleash American drone dominance'
President Donald Trump signed an Executive Order to 'ensure continued American leadership in the development, commercialization, and export of unmanned aircraft systems – otherwise known as drones,' the White House announced. 'The Order directs the Administrator of the Federal Aviation Administration to expand drone operations by enabling routine 'Beyond Visual Line of Sight' drone operations for commercial and public safety missions, and to accelerate the development, testing, and scaling of American drone technologies, including advanced air mobility and autonomous operations. The Order establishes an electric 'Vertical Takeoff and Landing' integration pilot program to accelerate the deployment of safe and lawful vertical operations in the United States, selecting at least five pilot projects to advance applications like cargo transport and medical response,' the White House stated. Companies working on drones or low-altitude urban aircraft known as eVTOLs include AeroVironment (AVAV), Joby Aviation (JOBY) and Archer Aviation (ACHR). Confident Investing Starts Here:


New York Post
27 minutes ago
- New York Post
Trump boasts of ‘big win' over AP as court allows WH to ban access after ‘Gulf of America' spat
President Trump celebrated a 'big win' Friday after a court ruled that his administration can ban the Associated Press from entering the Oval Office and other restricted areas. 'Big WIN over AP today,' Trump posted on Truth Social. 'They refused to state the facts or the Truth on the GULF OF AMERICA. FAKE NEWS!!!' Advertisement The 2-1 ruling in the US Court of Appeals for the District of Columbia comes months after the White House barred an Associated Press reporter from the Oval Office in protest of the outlet's style guidance on the Gulf of America. The outlet manages the 'Associated Press Stylebook,' which is widely used by media publications across the country for guidance on abbreviations, spelling, references and more. The AP has refrained from updating its style guide to rename the Gulf of Mexico to the Gulf of America, as mandated by Trump's executive order, arguing that the body of water has been called the Gulf of Mexico for 'more than 400 years' and other international groups have not acknowledged the change. Advertisement 'VICTORY! As we've said all along, the Associated Press is not guaranteed special access to cover President Trump in the Oval Office, aboard Air Force One, and in other sensitive locations,' White House press secretary Karoline Levitt posted to X following the ruling. 'Thousands of other journalists have never been afforded the opportunity to cover the President in these privileged spaces. Moving forward, we will continue to expand access to new media so that more people can cover the most transparent President in American history rather than just the failing legacy media. 'And by the way @AP, it's still the Gulf of America.' 'We are disappointed in the court's decision and are reviewing our options,' a spokesperson for AP told CNN.
Yahoo
38 minutes ago
- Yahoo
How Ford is navigating rare earth mineral supply chain disruptions, tariffs and more
Ford Motor Co.'s chief financial officer outlined how tariffs and supply chain disruptions are expected to impact Ford's vehicle production and its costs during a wide-reaching interview with a Wall Street analyst June 4. Ford CFO Sherry House said the Dearborn, Michigan-based carmaker will provide more details on the economic impact from President Donald Trump's tariffs and other policy changes in its second-quarter earnings next month. But she cautioned there are still many unknowns being sorted out, all of which could make Ford's upcoming financials "a bit lumpy," she said. "As we move into the next couple of weeks to prepare for the quarter, if we give guidance it will be in the caveats of what we can't define," House said. "If we don't, we're going to give you every piece of information that we feel we can to help you, other analysts and investors to understand the business as much as possible.' Here are the top takeaways from House's fireside chat with analyst Joe Spak at the UBS Auto and Auto Tech Conference in New York on June 4: House said Ford has seen some backlogs to getting rare earth minerals into the supply chain, so Spak asked how that could impact vehicle production. 'There are many components that rare earth minerals are in and many of those that are coming from China require you to now go through export controls, so there's an additional layer of administrative process that has to happen," House said. She said sometimes the components pass through smoothly, other times there are holdups and that's when Ford has to take action to mitigate any disruptions. "You have to look for alternative parts or alternative ways to get things," House said. "Frequently, it goes through, it just may take more time. So then you might be facing expedited shipment costs that you weren't anticipating and it just puts stress on a system that's highly organized with parts being ordered many weeks in advance." She said Ford has been managing the issue so far, but warned, "I don't know if at some point this is going to be a larger issue for us?" In case you missed it: Ford recall could force over 1 million drivers to use this safety technique As for Trump's latest tariff: a boost in steel and aluminum to 50%, House said the impact on Ford should be minimal because Ford buys all its aluminum from domestic suppliers and it buys 80% of steel from U.S. sources. Ford will manage any price increases in steel through "contract pricing," meaning prices have already been set. "So when all of this hits, there is a delayed impact," she said. On April 29, Trump signed an executive order that set up a complicated system of federal reimbursements on certain imports of auto parts and components for the next two years used in vehicles made in the United States. The order gives Detroit's automakers some relief from what Trump earlier had ordered — 25% tariffs on all imported autos which began in April and another 25% on all imported auto parts set to begin by May 3. Spak asked House how Ford is getting the federal reimbursements for the parts that are compliant with the United States Mexico Canada Agreement as outlined in the order Trump signed at the end of April. She said a lot of that is still being defined. "I don't completely know," House said. "So you're paying the tariffs now. I think it's very possible that there will be a delay in getting those offset. I'm talking about the parts offset. It could be by a quarter, it could be by a couple of quarters. But all of you who are looking at our financials in Q2, Q3 and Q4, are going to have to know that it's going to be a bit lumpy. You might have more expense before you actually get the money reimbursed.' The good news for Ford is 80% of the parts used on its vehicles are USMCA-compliant and 80% of the vehicles it sells in the United States are built here. Still, the automaker warned during its first-quarter earnings report that tariffs will add $1.5 billion in net costs this year. For the 20% of suppliers who import parts, House said Ford is having conversations with them, seeking ways to help mitigate Ford's exposure to tariffs and lower those costs, while also meeting the business obligations of its suppliers. 'As we face the tariff situation, we face it together," House said of Ford's suppliers. "The types of conversations we are having are around: Do you have additional capacity in the U.S.? Could you move to the U.S.? What types of investments might help you get there?' But she explained that it is "a very complex and nuanced situation" with the supply base as to which suppliers to press for changes. Ford considers the kinds of quality, cost, technology and performance a supplier has provided in the past as to how it works with them around the tariffs, she said. 'But on an individual basis we're decided whether or not it makes sense to make some of these changes," House said. "I don't have anything to announce with you right now, but, of course, you would look at some of your higher priced components first, items that affect more vehicles, that would be the order of operations.' House did not address a May 25 report in the Wall Street Journal that cited sources as saying Ford would share production space in its battery plant in Kentucky with rival Nissan. The move signals Ford's retrenchment from electric vehicle investments and it helps the Japanese automaker reduce its exposure to tariffs on imported vehicles and parts. But House did say given the "very competitive global landscape" with companies having different needs and levels of technology, it makes sense to be thinking about partnerships so as to get more efficiency, especially if it is an area where Ford does not need to be No. 1. She said the automaker is "absolutely open" to doing more partnerships than the ones it currently has in place. House joined Ford about a year ago and became its CFO in recent months. When asked how she has seen the company change culturally, she listed a few ways: First, Ford has started to put more specialists in roles as opposed to putting a really great generalist in roles. For example, when it named Liz Door as its chief supply chain officer in 2023. House called her "an amazing supply chain leader at the forefront of that thinking." House said she has challenged Ford to think about "not letting your governance define what the pace of the business is going to be." "What happens is big companies … you have weekly meetings on a topic, you have monthly meetings on topic, you have quarterly meetings on a topic. What happens when you set up your business that way is you are running to that governance structure and you're only doing the work to get ready for that weekly meeting or monthly meeting," House said. "But if you can step back and let the priorities define the pace versus the governance structure, the business define the pace, I think you can go a lot faster and you can make sure you're focused on the right things.' She said Ford also has looked to "break boundary constraints" in its strategy meetings. "If you're having meetings with just one function, a lot of times you can't break the boundary constraints because you don't have everybody in the room that can tell you can do something. So you feel like you can't," House said. "So having more cross functional meetings as well. These are all tactics that can make a difference." Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber. This article originally appeared on Detroit Free Press: Ford CFO outlines how company is working through supply, tariff issues