Steamboat Springs On Dec. 18, the Yampa Valley Housing Authority Board of Directors held a special meeting to discuss the general concept of an alternative compliance method for the Community Housing Guidelines. City Council members Scott Myller and Loui Antonucci were at this meeting, and we appreciated their participation in our discussion.
The alternative compliance method that was presented involved a perpetual voluntary real estate transfer fee of as much as 1 percent that would be designated for affordable housing through a City Housing Trust Fund. This concept was discussed by YVHA's New Projects Committee and some local developers prior to bringing it to the full YVHA Board.
Although there are many details and possible legal issues to resolve related to this mechanism, the YVHA Board of Directors feels that this is a proposal that should be considered seriously by City Council.
When the city was developing the Inclusionary Zoning and Linkage ordinances, YVHA sent a letter strongly encouraging City Council to allow developers as much flexibility as possible in meeting their affordable housing requirements. Our position regarding this issue has not changed, and we feel that any mechanism that creates a pool of money for the construction of affordable housing will be a benefit to the community. YVHA successfully has built and sold deed-restricted housing units in the past, and we can do that in the future if there is a dedicated funding source to assist with the development of affordable housing.
As City Council begins its discussion of possible changes to the Inclusionary Zoning and Linkage ordinances, YVHA respectfully requests that our organization be included as a partner in those discussions. We have several board members who would be very interested in reviewing any and all options that will further affordable housing opportunities for our citizens. It is important for us to work together to create innovative solutions that work for our community, and the Developer Task Force has expressed a strong desire for YVHA to be the lead contact and primary public agency for affordable housing issues and programs.
Yampa Valley Housing Authority Board of Directors