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