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HomeMy WebLinkAbout2022-10-25_VLHA_Minutes Vail Local Housing Authority Minutes October 25, 2022 3:00 PM Town Council Chambers and Virtually via Zoom 75 S. Frontage Road - Vail, Colorado, 81657 PRESENT ABSENT Steve Lindstrom Craig Denton Kristin Williams Dan Godec via Zoom left early James Wilkins via Zoom joined late STAFF George Ruther, Housing Director Martha Anderson, Housing Coordinator 1. Call to Order 1.1. Call to Order at 3:03 p.m. with a quorum present. 2. Citizen Participation 2.1. Citizen Participation - There are no comments. 3. Approval ofMinutes 3.1 VLHA September 27, 2022 Minutes Williams moved to approve the minutes. MOTION: WILLIAMS SECOND: DENTON VOTE: 4-0 APPROVED 3.2 VLHA October 11, 2022 Minutes Williams moved to approve the minutes. MOTION: WILLIAMS SECOND: DENTON VOTE: 4-0 APPROVED 4. Main Agenda 4.1. Town of Vail Ballot Issue 2H - Formation of Eagle Valley Transportation Authority Presenter(s): Chris Romer, Vail Valley Partnership President unable to attend; Kristin was able to speak to it. Discussion included the formation of this ballot question, the jurisdictions, program and the governance. This question is in eight jurisdictions to create a regional transit authority. This would help to better run workforce from home to work, presents some fare free zones and an avenue to reduce vehicles on the road. Current services and budgets do not go away, they would only be enhanced. In the world of housing, this initiative is a compliment to the work force housing goals. 4.2. Town of Vail Ballot Issue 2I - Authorizing the Excess Revenue Collected from the Town's Sales Tax to be Retained and Spent on Housing Initiatives Presenter(s): Mark Gordon, Owner of Christiania Realty, Inc -year collections (from 2A) of any new tax to exceed the amount stated in the original ballot language. Years 2023 and beyond do not restrict annual tax collection amounts. This ballot issue, if passed, all funds generated by the 0.5% voter-approved housing sales tax, the excess funds would be dedicated to funding housing initiatives, housing developments, and housing programs. The funds may be used for projects outside of town boundaries, as long as they are for programs that benefit the Vail community. 4.3. Proposition 123: Dedicate Revenue for Affordable Housing Programs Presenter(s): George Ruther A yes would set aside money for new affordable housing programs. It is not a new tax, but would re-allocate an existing tax that is already in place. This proposition includes the need for fast tracking, and particular income requirements that may require some new rules within Town of Vail as a municipality. 4.4. Resolution No. 5, Series of 2022, a Resolution in Support of Town of Vail Ballot Issues 2H, 2I, and Colorado Proposition 123. Presenter(s): George Ruther and Kristin Williams A letter to the editor and drafted Resolution is presented to the Authority. Williams moves to approve the Resolution and letter to the editor (Vail Daily) on behalf of the Authority. MOTION: WILLIAMS SECOND: DENTON VOTE: 5-0 APPROVED 4.5. Habitat for Humanity: Plans & Partnership Presenter(s): Elyse Howard, Development Director; Emily Peyton, Director of Special Projects; John Welaj, Executive Director, Habitat for Humanity Vail Valley As partnership is key in getting housing done, the Habitat group joined to talk with the Authority about their experience and success in partnerships. Their wide geographic service area continues to expand since the inception in 1995, and they are now targeted to families earning between 35% and 100% AMI. 100 homes have been built since 1995. Habitat leverages relationships to keep cost to build costs down from national and local partnerships. Not only do they work to keep build costs down, they help homeowners to access 0% financing and low interest financing. The programs house applicants but also meet applicants where here are by providing additional, non-housing support or resources within the community. Land partnerships, infrastructure partners and material and labor partners each play a role in the success. Habitat offers a creative approach and seeks continued conversation to retain the critical work force. Habitat sees modular as something to make work but they do not plan to necessarily have access to low-cost capital but rather strong fundraising to achieve homeownership. Ideas to explore with the Authority include working with Habitat on interior finishes, modularand possibly refurbishing. If the goal is to keep the home to offer within 30-100% AMI, it is worth looking at the numbers in partnership. 5. Matters from the Chairman and Authority Members 5.1. Matters from the Chairman and Authority Members Presenter: Steve Lindstrom, Chairman The Vail 81657 homebuyer class, in partnership with PrimaVail and Vail Chamber and Business Association was a success. We anticipate more in the future and found the partnership presentations to be beneficial. Denton spoke of his perspective of the current Real Estate market. While listing numbers have not increased, we are still seeing things go under contract. The rental market is still a challenge in Eagle County. The Timber Ridge redevelopment will be a topic at the upcoming Town Council meeting. With the re-zoning of West Middle Creek, Ruther posed to the Authority if they would like to provide a public comment in the way of a memo. The staff will put a letter 6. Adjournment a. Adjournment 4:16 p.m. MOTION: WILLIAMS SECOND: DENTON VOTE: 4-0 APPROVED 7. Future Agenda Items West Vail Master Plan and Housing Zoning Changes Stewardship Vail Conclusions Land Banking (sale of GRFA) Investment Banker Discussion Update to Vail Housing 2027 8. Next Meeting Date 8.1 Next Meeting Date November 8, 2022 Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail website www.vailgov.com. All housing authority meetings are open to the public. Times and order of agenda are approximate, subject to change, and cannot be relied upon to determine at what time the Vail Local Housing Authority will discuss an item. Please call (970) 479-2150 for additional information. Please call 711 for sign language interpretation 48 hours prior to meeting time.