Arrests by Home Location of Arrested Person (2016). Number of ... The 191 single-family homes in the existing ... The De
Topics Included • Apartment Growth History • Impacts of Apartments on the City and School Infrastructure • Active Applications related to multi‐ family development
Has Burleson’s multi‐family growth changed the housing mix of the entire city? Percent of Housing Stock as Single Family or Multi‐Family
The proportion of multi‐ family units to single family units has remained between 9% – 13% from 2000 ‐ 2015
Source: U.S. Census Bureau
How will newly approved apartments impact the housing mix in the coming years? Percent of Housing Stock as Single Family or Multi‐Family Projected Data
Source: U.S. Census Bureau
*Projected data assumes 950 new single family houses in 2016 – 2018 and 520 new multi‐family units
How does the proportion of single‐family houses in Burleson compare to area cities? Percent of Housing Stock as Single Family
Source: U.S. Census Bureau
How does the proportion of multi‐family houses in Burleson compare to area cities? Percent of Housing Stock as Multi‐Family
Source: U.S. Census Bureau
How has crime changed over time in Burleson Part I Crimes, Unadjusted for Population Growth
Part I Crimes
Part I Crimes are at their lowest point in the last 14 years
Source: Crime in the United States Report, www.fbi.gov ; Burleson Police Department
How has crime changed over time in Burleson
City Population
Part I Crimes
Part I Crimes, Unadjusted for Population Growth
Part I Crimes have decreased by 26% even as population has increased by 83%
Source: Crime in the United States Report, www.fbi.gov; Burleson Police Department
How has crime changed over time in Burleson
Crime Rate
Part I Crime Rate per 1,000 Population; Adjusted for Population Growth
Source: Crime in the United States Report, www.fbi.gov; Burleson Police Department
How does the Part I Crime Rate compare to area cities? Part I Crime Rate Comparison
Source: Crime in the United States Report, www.fbi.gov
Have new apartments resulted in crime increases in adjacent neighborhoods? Part I Crimes within outlined portion of Wakefield Murder Rape Robbery Agg. Assault Burglary Theft Auto Theft Total
2011 0 1 0 0 2 4 1 8
2012 0 0 0 1 1 2 0 4
2013 0 0 0 0 0 7 1 8
2014 0 1 0 0 1 5 0 7
2015 0 0 0 0 0 1 0 1
2016 0 0 0 0 0 3 0 3
Total 0 2 0 1 4 22 2 31
*Encore at Alsbury apartment complex occupied in 2012 Source: Burleson Police Department
Where do people arrested by Burleson PD live?
Address for Arrested Person
Arrests by Home Location of Arrested Person (2016)
BPD arrests more people from Joshua than those that live in apartments
Number of Arrests
What is the current capacity of our school system? •
Middle School enrollment continues to be the major area of concern
•
Elementary Schools have capacity based on current and future demand – Exception of Brock Elementary • City of Fort Worth’s has land use / subdivision control
– Bransom Elementary is nearing capacity and exceeds capacity in future years Source: Burleson ISD, Templeton Demographics and Stantec
What proportion of BISD students live in apartments?
How many new students are added to BISD for each new multi‐family unit or single‐family unit?
Source: Burleson ISD and the Templeton Demographic Report
What impact did new apartment construction have on the market values on single‐family houses? Market Value of Common Properties by Neighborhood Citywide 2013 2014 2015 2016 Change 2013 ‐ 2016
$ 121,855 $ 130,165 $ 134,138 $ 147,366 21%
Near Apartments Built in 2011/12 Wakefield West Bend Near Encore At Alsbury Near Dolce Living $ 113,608 $ 182,596 $ 121,582 $ 185,638 $ 135,769 $ 186,253 $ 153,116 $ 215,173 35%
Oak Valley
Meadowcrest
$ 190,357 $ 191,320 $ 208,401 $ 225,839
$ 131,773 $ 139,223 $ 139,488 $ 158,107
19%
20%
18%
The neighborhoods closest to new apartment construction increased in market value since the construction Source: Johnson County Appraisal District Certified Roll 2013 ‐ 2016
Specific Example of Market Values After Apartment Construction
Wakefield Neighborhood Encore at Alsbury (200 market rate units) came onto the tax roll in 2012. The 191 single‐family homes in the existing neighborhood saw appraised values increase by 35% from 2013 to 2016. Single Family Properties ‐ Common Parcels (Existing Prior to 2013) 2013 2014 2015 2016 Parcels 191 191 191 191 Total Appraised Value $ 21,699,175 $ 23,222,191 $ 25,931,824 $ 29,245,087 Average Appraised Value $ 113,608 $ 121,582 $ 135,769 $ 153,116
Source: Johnson County Appraisal District Certified Roll 2013 ‐ 2016
Status Update on Apartment Applications
*LIHTC = Low Income Tax Credit
Active Apartment Cases The Depot on Main •
City Approval Status Zoning Approved Platting Development Agreement Commercial Site Plan
•
+/‐ 250 units of Class A, market rate units in Old Town Burleson at the Old City Service Center
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Developed by Realty Capital Partners –
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Developer of mixed‐use developments in Colleyville, Flower Mound, and others
Construction could commence late in 2017
SH 174
The Depot on Main (continued) •
15 Year Tax Rebate on City portion of the tax rate – – –
•
Developer pays for $3.5m in infrastructure costs immediately with their financing. –
•
TIF District rebates 80% of its tax bill back to developer BISD retains 100% of its taxes generated County retains 75% of its taxes generated
City pays up to $2.0m back over 15 years using the rebated taxes
Public benefits – – – – –
Replacement of aging water / sewer infrastructure Improvement of drainage channel Extension of Main Street from current end point Greatly enhances the area with historically themed architecture Tax entities see significant tax gains • • •
Old Town TIF District generates $1.6m BISD generates $6.7m County generates $1.3m
15 Year Tax Benefit by Taxing Entity Agreement Year Year 1 2019 2 2020 3 2021 4 2022 5 2023 6 2024 7 2025 8 2026 9 2027 10 2028 11 2029 12 2030 13 2031 14 2032 15 2033 Totals
Value $ 27,500,000 $ 27,500,000 $ 27,775,000 $ 28,052,750 $ 28,333,278 $ 28,616,610 $ 28,902,776 $ 29,191,804 $ 29,483,722 $ 29,778,559 $ 30,076,345 $ 30,377,108 $ 30,680,880 $ 30,987,688 $ 31,297,565
TIF #2 (City and Portion of County) Taxes Generated Rebated Net $ 231,440 $ (185,152) $ 46,288 $ 231,440 $ (185,152) $ 46,288 $ 233,754 $ (187,004) $ 46,751 $ 236,092 $ (188,874) $ 47,218 $ 238,453 $ (190,762) $ 47,691 $ 240,837 $ (192,670) $ 48,167 $ 243,246 $ (194,597) $ 48,649 $ 245,678 $ (196,543) $ 49,136 $ 248,135 $ (198,508) $ 49,627 $ 250,616 $ (200,493) $ 50,123 $ 253,123 $ (80,246) $ 172,877 $ 255,654 $ ‐ $ 255,654 $ 258,210 $ ‐ $ 258,210 $ 260,792 $ ‐ $ 260,792 $ 263,400 $ ‐ $ 263,400 $ 3,690,871 $ (2,000,000) $ 1,690,872
BISD Taxes Generated $ 423,500 $ 423,500 $ 427,735 $ 432,012 $ 436,332 $ 440,696 $ 445,103 $ 449,554 $ 454,049 $ 458,590 $ 463,176 $ 467,807 $ 472,486 $ 477,210 $ 481,983 $ 6,753,733
County (Non‐TIF) Taxes Generated $ 86,625 $ 86,625 $ 87,491 $ 88,366 $ 89,250 $ 90,142 $ 91,044 $ 91,954 $ 92,874 $ 93,802 $ 94,740 $ 95,688 $ 96,645 $ 97,611 $ 98,587 $ 1,381,445
Active Apartment Cases Arabella Development •
80 acre development behind HEB and to southeast of Shannon Creek
•
Total Investment will approach $80 million ‐ Including $7.3m for off‐site and on‐site thoroughfares
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Tract in red is a market rate apartment development with 250 total units
•
Construction could commence early in 2018
•
City Approval Status Zoning Approved Platting Development Agreement Commercial Site Plan
Active Apartment Cases Arabella Development •
Development Agreement approved for reimbursement of a portion of the abnormally costly public roadways (shown in red)
•
Agreement requires $30m in initial capital investment before City rebates any taxes
•
Allows traffic from adjacent neighborhoods to use news roadways to avoid the SH 174 and FM 731 intersection
•
This development gets the improvements installed years ahead of time and at a net present value savings to the City
15 Year Tax Benefit by Taxing Entity Agreement Year 1 2 3 4 5 6 7 8 9 10
Year 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Totals
Value $ 32,000,000 $ 65,960,000 $ 81,223,200 $ 81,223,200 $ 81,223,200 $ 82,035,432 $ 82,855,786 $ 83,684,344 $ 84,521,188 $ 85,366,400 $ 86,220,063 $ 87,082,264 $ 87,953,087 $ 88,832,618 $ 89,720,944
Taxes Generated $ 235,200 $ 484,806 $ 596,991 $ 596,991 $ 596,991 $ 602,960 $ 608,990 $ 615,080 $ 621,231 $ 627,443 $ 633,717 $ 640,055 $ 646,455 $ 652,920 $ 659,449 $ 8,819,278
City Rebated $ ‐ $ (387,845) $ (477,592) $ (477,592) $ (477,592) $ (482,368) $ (487,192) $ (492,064) $ (496,985) $ (501,954) $ (506,974) $ ‐ $ ‐ $ ‐ $ ‐ $ (4,788,159)
Net $ 235,200 $ 96,961 $ 119,398 $ 119,398 $ 119,398 $ 120,592 $ 121,798 $ 123,016 $ 124,246 $ 125,489 $ 126,743 $ 640,055 $ 646,455 $ 652,920 $ 659,449 $ 4,031,118
BISD Taxes Generated $ 492,800 $ 1,015,784 $ 1,250,837 $ 1,250,837 $ 1,250,837 $ 1,263,346 $ 1,275,979 $ 1,288,739 $ 1,301,626 $ 1,314,643 $ 1,327,789 $ 1,341,067 $ 1,354,478 $ 1,368,022 $ 1,381,703 $ 18,478,487
Johnson County Taxes Generated $ 135,252 $ 278,789 $ 343,300 $ 343,300 $ 343,300 $ 346,733 $ 350,201 $ 353,703 $ 357,240 $ 360,812 $ 364,420 $ 368,065 $ 371,745 $ 375,463 $ 379,217 $ 5,071,541
BISD Re‐zoning Request • Zoning requested in Fall of 2016 to change the zoning at the property surrounding Bransom Elementary – Current Zoning: Primarily single‐family residential with some commercial zoning along Renfro – Proposed Zoning: PD – Planned Development for a mix of uses
• Case went to the Planning / Zoning Commission in January ‘17 – BISD has requested the case be tabled until BISD can have community input about the future use of the site.
What is the current status of low income tax credit applications in Burleson? •
Two applications in Burleson for Low Income Housing Tax Credit (LIHTC) administered by the State of Texas
•
The developer of Cypress Creek has requested a Resolution of Support to be considered at the City Council meeting on 2/20
•
•
The Columbus Place project has not sent necessary paperwork into the City at this time to be considered for a Resolution of Support A total of 115 LIHTC applications were made within the Dallas / Fort Worth region – Tax credits for 2017 will only be awarded to about 17 – 20 of the projects. – Since 2010, the City has received as many as ten inquiries for LIHTC developments. Only one received a resolution of support from the City Council.
Current Status of City Actions for the LIHTC Applications Cypress Creek Columbus Place Wicker Hill IH‐35W Resolution of Support Zoning Approved Platting Development Agreement Commercial Site Plan
2017 LIHTC Applications by Zip Code
Source: https://www.tdhca.state.tx.us/multifamily/housing‐tax‐credits‐9pct/
