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HomeMy WebLinkAboutPotential Long Term Funding VEAC 05142019Potential Long-Term Funding for Housing Initiatives George Ruther, Housing Director May 14, 2019 Vail Economic Advisory Council Objective •Share Information •Receive Initial Feedback •Request Participation Partnership •Vail Town Council and the Vail Local Housing Authority. Long Term Funding Source •Predictable to allow for accuracy in budgeting •Consistent revenue stream absent of wide variations or fluctuations in revenue collected •Adequate in amount to achieve objectives, and •Reliable and Dependable over time free of annual appropriations Housing Goal & Policies VAIL HOUSING 2027 STRATEGIC PLAN - •“Acquire 1,000 additional resident housing deed- restrictions by the year 2027.” •“Evaluate dedicated revenue source to ensure adequate funding exists” TOWN OF VAIL HOUSING POLICIES – #1 Housing IS Infrastructure #4 Leverage Financial Strength #6 Funding Creates Deed- Restrictions #10 Funding is Policy Next Steps •Community Public Opinion Survey –Magellan Strategies/Summit Information Services –On Line & Phone •Survey Launch –On Line May 22nd thru May 31st –Phone June 3rd, 4th, 5th and 6th •Survey Results –Vail Town Council June 18th •Determination of Next Steps