Housing Strategy | ENVISION FRANKLIN 5 EXECUTIVE SUMMARY Envision Franklin is a planning document adopted and maintained by the Franklin Municipal Planning Commission. Envision Franklin provides support for making land use decisions, managing the quality of development, determining the time and location of future growth, and directing investment activity. Established to articulate the long-term vision for the City of Franklin, Envision Franklin was first adopted in 2017 and updated in 2023. As part of the Envision Franklin update, the City has pursued a Housing Strategy to help address local housing needs. The 2023 update of Envision Franklin involved extensive public engagement to review existing goals and policies, revise the document to reflect current priorities in the City of Franklin, and determine future land uses and design recommendations. The updated Envision Franklin will direct future development in a way that strengthens the City and creates exceptional places for people. Franklin is a growing city with a rapidly increasing population. From 2000 to 2020, the city's population doubled, from 41,842 residents to 83,852. It is expected to continue to grow by another 52 percent from 2020 to 2040, reaching a population of 128,089.i As in much of the country, housing prices in Franklin have escalated even more rapidly in recent years, especially creating housing challenges for low- and moderate-income residents. The Envision Franklin Housing Strategy focuses on aligning housing supply with market and neighborhood housing conditions. Land use and development strategies to increase the overall supply of market-based housing to meet demand. Other components of this Housing Strategy include: • Ensure consistency with community character • Aim for a diversity of housing options • Coordinate transportation and utility infrastructure with housing development • Support social equity and affordability • Manage environmentally sensitive areas ENGAGING THE COMMUNITY The Envision Franklin update offered several opportunities to engage the community on housing questions, including a dedicated page on the City of Franklin’s website, live and virtual community workshops, an online survey, and a consultant’s interviews with several local housing professionals, both individuals and in small groups. Photo Credit: City of Franklin Photo Credit: Deborah Myerson Photo Credit: Deborah Myerson
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