City of Madison - File #: 79226

• File #: 79226
• Version: 2
• Name: Creating a Housing Taskforce addressing Madison’s affordable housing shortage and other related housing issues
• Type: Resolution
• Status: Passed
• File created: 8/1/2023
• In control: PLAN COMMISSION
• On agenda: 10/3/2023
• Final action: 10/3/2023
• Enactment date: 10/6/2023
• Enactment #: RES-23-00606
• Title: ALTERNATE: Directing the Housing Strategy Committee to examine and provide recommendations related to Madison’s affordable housing crisis
• Sponsors: Juliana R. Bennett, MGR Govindarajan, Derek Field, Sabrina V. Madison, Tag Evers

Date	Ver.	Action By	Action	Result
10/3/2023	1	COMMON COUNCIL	Adopt Alternate	Pass
9/28/2023	1	HOUSING STRATEGY COMMITTEE	Return to Lead with the Following Recommendation(s)	Pass
9/18/2023	1	PLAN COMMISSION	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
9/6/2023	1	PLAN COMMISSION	Refer
9/5/2023	1	COMMON COUNCIL	Add Referral(s)	Pass
8/1/2023	1	COMMON COUNCIL	Refer	Pass
8/1/2023	1	Council Office	Referred for Introduction

Fiscal Note
The proposed resolution directs the members of the Housing Strategy Committee and City staff to execute the “alternative framework” detailed in the “Existing City Housing Initiatives” memo and present recommendations to the Common Council no later than the Common Council meeting of August 6, 2024. No additional City appropriation is required.

Title
ALTERNATE: Directing the Housing Strategy Committee to examine and provide recommendations related to Madison’s affordable housing crisis

Body
WHEREAS, Madison’s acute housing crisis is in need of immediate Council action to slow the steep increase in rent and offer more housing options; and,

WHEREAS, the Madison Common Council approved a resolution in 2011 declaring “that housing be recognized as a human right and that all people who desire a place of shelter and stable long-term housing be prioritized to have this basic need met both temporarily and permanently”; and,

WHEREAS, according to the 2023 Housing Snapshot report, Madison’s rental vacancy rate is approximately 4% and the homeowner vacancy rate is near 0.5% below the “healthy” vacancy rate estimate; and,

WHEREAS, according to the aforementioned report, 25% of renters are extremely rent burdened (paying over 50% of income on rent) and 23% are rent burdened (paying more than 30% of income on rent); and,

WHEREAS, construction costs have significantly risen, with an over 30% increase in the costs of building housing from 2021 to 2022; and,

WHEREAS, Madison is expected to grow by 115,000 residents between 2020 and 2040; and,

WHEREAS, nationwide, Madison is amongst the top ten most desirable locations for Gen Z migration; and,
WHEREAS, bold and audacious policy changes are necessary to realize an effective rapid response to Madison’s immediate and growing housing need;

NOW, THEREFORE, BE IT RESOLVED that the Madison Common Council directs staff and the Housing Strategy Committee to execute the “alternative framework” detailed in Directo...