HomeMy WebLinkAbout2017-03-28 VLHA Meeting Results Vail Local Housing Authority Meeting Results Public Meeting March 28, 2017 Community Development Large Conference Room 75 South Frontage Road West - Vail, Colorado, 81657 Members Present:
Steve Lindstrom James Wilkins Mary McDougall Molly Murphy Francisco Meza Staff Present:
George Ruther Lynne Campbell Kelli McDonald Susan Mitchell A quorum of VLHA members being present Steve Lindstrom called the meeting called to order at 3:00 PM.
The VLHA (Board) reviewed and approved March 14, 2017 meeting results. Motion to Approve: Murphy Second: McDougall Vote: 5-0 Susan Mitchell presented the concept brand name and logo ideas for the Deed
Restricted Purchase Program. Susan requested the Board provide one direction in order to move forward. The Board reviewed, commented and provided Susan with next steps direction to be presented at the April 11, 2017 meeting. George Ruther reviewed with the Board the current annual lottery process and concerns
know and conveyed by past and current lottery participants.
• Lottery held once annually
• Applicants must resubmit annually
• Tiered system
• Unfair 3 bedroom restriction
• Can not own Eagle County property at time of submission Members questioned the logic behind the tiered drawing. Ruther explained it applies another layer of fairness. He went on to suggest the Board review the lottery objective
and should the Town keep the same or propose to council an alternative system. The
current system has run its course and discourages young professionals and families. What’s the housing objective? 1. Building community.
2. Maintain an interested party list. 3. Challenges with new people in town who can afford “affordable units”.
4. Level the playing field with full lottery The Board discussed potential options to update the current lottery process and concluded to run the annual lottery similar to Chamonix Vail. Motion: Meza Second: Wilkins Vote: 5-0
Next up on the agenda was Chris Neuswanger from Macro Financial Group who discussed loan prospective regarding the Town’s deed restrictions as it relates to foreclosures, survivorship and owner financing.
Problems identified:
• Underlying zoning – deed in place after zoning
• 30 day foreclosure notice
Solutions:
• Allows for refinancing
• Appraisal easier
• Improves community – long term residents
Molly Murphy mentioned Mike Coughlin of Coughlin Property Management who
manages Middle Creek Apartments has offered the Board a tour. Francisco Meza will attend open lands meetings and report back to group.
Future Agenda Items:
Board will review and recommend possible changes to the Town of Vail Employee Housing Guidelines 10-19-1999.
Lynne Campbell presented a potential Deed Restricted Program applicant and current
deed restricted owner’s request to rent their unit. The Board requested additional information from both individuals. Campbell will report back to the group once information has been received.
Respectfully submitted,
Lynne Campbell, Housing Coordinator