Fort Worth is considering investing $5 million in affordable housing if council members take the city’s affordable housing bond plan to voters in May. The proposal would fund single-family home construction and cover public infrastructure costs such as street, stormwater, water, and sewer improvements.
The proposed investment aims to address the growing issue of affordability in Fort Worth, where home prices have risen 190% since 2010 and average rental costs have doubled from $700 in 2010 to $1,455 in the Fort Worth-Arlington area.
Constituents have expressed concerns about the lack of affordable housing options in the city, with some calling for more money to be devoted to affordable housing. District 8 City Council member Chris Nettles has proposed increasing the $5 million investment to $40 million, which he believes would better address the issue.
Fort Worth’s affordability crisis is attributed to its fast growth and rising construction costs. The city’s average home sale prices have skyrocketed from around $209,000 in 2010 to over $304,000 this year, while average rental costs have doubled.
Council members will revisit how to allocate bond dollars in January, taking into consideration residents’ feedback from community engagement sessions hosted over the fall. The proposal comes as Fort Worth seeks to address its housing affordability crisis and keep pace with the city’s fast growth.
Source: https://fortworthreport.org/2025/12/02/single-family-homes-focus-of-fort-worths-potential-5m-affordable-housing-bond