Official Ballot LanguageOfficial Bond Page
Planning, designing, constructing, improving, and replacing affordable housing; neighborhood revitalization; land acquisition; loans and grants for affordable housing as permitted by law. No public art funds authorized.
What This Funds
Official purpose: First-ever affordable housing bond for down payment assistance, housing rehabilitation, and affordable housing development support.
Fort Worth's first-ever voter-approved affordable housing bond. Funds housing production, preservation, and land acquisition — a historic step for Texas's largest city without a prior housing bond.
Financial DetailsOfficial Bond Info
Estimated rate: 6% over 20 years. Annual tax impact: $0.00.
Fort Worth is the largest Texas city to never include affordable housing in a bond program — until now. Proposition D is the first dedicated housing bond in city history.
Peer City Comparison
| City | Year | Housing Bond | Fort Worth as % of Peer |
|---|---|---|---|
| Austin | 2018 | $250M | 4.0% |
| San Antonio | 2022 | $150M | 6.7% |
| Dallas | 2024 | $26.4M | 37.9% |
| Fort Worth | 2026 | $10M | 100% (baseline) |
Fort Worth projects no property tax rate increase for any proposition. The city absorbs new debt through organic assessed value growth and strategic retirement of older bonds. However, state-mandated ballot language reads 'THIS IS A TAX INCREASE' — a legal requirement that does not reflect an actual rate change.
Who Benefits
Low- and moderate-income Fort Worth residents needing affordable housing assistance. Expected to produce roughly 50-80 units and leverage $60-90M in private investment.
Accountability & Conditions
Historic precedent but modest scale ($10M). Requires defined production, leverage, and location metrics to evaluate impact. Value is in the pilot infrastructure and replicability, not raw unit count.
Key Risk Signal
Modest scale ($10M) relative to need. Value is in pilot infrastructure and precedent-setting, not raw unit count. Requires defined production, leverage, and location metrics.