HomeMy WebLinkAboutagenda.council.worksession.20120604MEMORANDUM
TO: Mayor and City Council
FROM: Elyse Hottel, Environmental Initiatives Project Coordinator
DATE OF MEMO: June 1, 2012
MEETING DATE: June 4, 2012
RE: It Starts at Home Affordable Housing Energy Efficiency
Pilot Project
REQUEST OF COUNCIL: Staff would like to present the update on design and
implementation strategies for It Starts at Home: Affordable Housing Pilot Project.
PREVIOUS COUNCIL ACTION: Council provided feedback on project as proposed March
19th, 2012.
BACKGROUND: In the U.S. an estimated 40 percent of all energy consumption is from
buildings, 55 percent of which is from the residential sector. Many affordable housing units
within the Aspen Pitkin County Housing Authority's housing stock are in need of improvements
and there is an excellent opportunity for APCHA and the City to work together to enhance.
energy efficiency, comfort and safety for affordable housing residents, while also benefitting the
community.
City staff is developing a one -year pilot program, with an anticipated late summer launch, that
would make quick, high- impact energy efficiency improvements to APCHA sale units during the
time period when they are sold to new residents. These upgrades would be possible without
creating undue burden to home sellers or buyers. This pilot program would provide important
information to create a framework for a larger -scale affordable housing retrofit program that
could eventually work to improve energy efficiency in the majority of sale units.
A set of eligibility criteria will be used to determine which sale units are eligible for participation
in the pilot project. Criteria include but are not limited to: units built before the International
Energy Conservation Code was first adopted (2003), units with simple sales transactions, units
that have separately metered electricity and units for which there are not comparable units that
have been on the market for more than three months (to avoid burdening sellers in particularly
soft markets). Also; for simplicity, resident -owned units would be excluded from participating
and only City of Aspen housing stock will partake in the pilot program.
Efficiency upgrades would be selected based on highest efficiency gains as determined by a
professional energy assessment (performed at the time of the buyer's inspection, if applicable)
and may include re- lamping, sealing and insulating units, installing programmable thermostats
and low -flow fixtures, and insulating or replacing water heaters. The City of Aspen's Utility
Efficiency division will partner with Community Office for Resource Efficiency Energy Smart
Colorado to cover the cost of the residential energy assessment and apply relevant rebates and
incentives to help maximize benefits and reduce costs for homebuyers. For studio /1 br /2 br units,
$2000 would be rolled into the unit price at time of listing and the increase in mortgage would be
offset by estimated energy savings (based on average occupant usage). 3 br /4 br units would
require $3000 additional. A financial incentive of a $100 gift card will be offered to encourage
sellers to provide the City access to units for improvements, retrofits and upgrades before
closing. If improvements, retrofits and upgrades are not done at this time, the buyer will be
required to provide access within the first 30 days after taking possession. No incentive will be
offered as the buyer will receive the direct benefit of the efficiency upgrades. This arrangement
will eliminate the need for APCHA to take possession of a unit, thereby reducing APCHA's
potential costs and financial risk. Additionally, the City agrees to take responsibility for any
damage caused to the unit in the course of the improvements.
The following outlines the current proposed program model and describes how it will work.
When an APCHA unit comes on the market, the process for conducting energy assessments and
improvements will go as follows:
1. Seller contacts APCHA to list unit.
2. APCHA determines whether the unit meets eligibility criteria. If unit is deemed eligible,
APCHA explains program to seller and contract addendum is included with paperwork.
3. Seller's listing price is increased by $2,000 ($3,000 for larger units), with provision in
contract that 150 fund will be repaid out of seller's sales proceeds at closing'. Energy
assessments will be performed simultaneously with buyer's inspection for convenience to
the seller. If buyer foregoes inspection, assessment will be scheduled separately.
4. Seller is offered a financial incentive ($100 gift card) to allow the energy, assessment if
there is no buyer's inspection and /or for the City to access the property to perform the
applicable improvements.
5. If seller agrees to provide access, energy assessment and improvements (temporarily
funded by the 150 Fund) will be completed before closing. If seller declines, energy audit
will still be conducted at time of home inspection but improvements will be done within
30 days of the buyer taking possession.
6. 150 Fund is reimbursed/funded at closing depending on whether improvements were -
completed beforehand or are conducted after closing. If the cost of improvements was
less than the additional $2000/$3000 added to the mortgage, the City will reimburse the
buyer the difference in the form of a rebate check.
For simplicity, buyers who have the discretionary income to fund improvements themselves can make an additional
mortgage payment of $200053000 after they take possession.
Page 2 of 3
7. The City of Aspen Utility Efficiency division has offered to match rebate funds if buyer
agrees to reinvest refund in additional energy efficiency improvements.
FINANCIALBUDGET IMPACTS: City of Aspen Utility Efficiency funds will serve as the
funding source for the financial incentive for sellers to give access to units for improvements and
for Energy Smart Colorado energy assessments. In the model outlined above for the pilot project,
the 150 Fund will temporarily fund improvements and would be reimbursed by the buyer at the
time of sale, acting as a revolving loan.
ENVIRONMENTAL IMPACTS: This program has' the potential to significantly improve
energy efficiency in the City of Aspen's affordable housing stock and reduce community -wide
greenhouse gas emissions, as well as serve as a model for the County and possibly even market-
rate housing.
RECOMMENDED ACTION: None.
COUNCIL COMMENTS:
ATTACHMENTS: Contract Addendum; Exhibit `A'
Page 3 of 3
CONTRACT ADDENDUM
(For Studios and 1 and 2 Bedroom Units)
The Contract to Buy and Sell Real Estate dated , 2012, by and between Buyer,
and Seller is hereby amended as follows:
It Starts at Home is a City of Aspen program to encourage residential energy efficiency. The
affordable housing ownership pilot program provides a mechanism to upgrade City of Aspen
affordable housing stock at the time of owner turnover. Through the program, the City of Aspen
will pay a certified energy auditor to assess energy efficiency and make recommendations for
quick, high- impact improvements, upgrades and retrofits to APCHA sale units at the time of the
buyer's inspection. Efficiency upgrades would be selected based on highest efficiency gains as
determined by the professional energy assessment and may include upgrading lighting, sealing
and insulating units, installing programmable thermostats and low -flow fixtures and insulating or
replacing water heaters. The mix of upgrades will be tailored to offset the additional monthly
mortgage increase through decreased utility bills so no undue burden will befall home buyers.
Therefore, the Parties hereto agree to the following:
1. At the time of any inspection conducted by Buyer pursuant to paragraph 10(b) of this
contract, the City of Aspen, or a designee of the City, shall perform an energy audit of the
premises. If the Buyer elects not to conduct an inspection, the Seller shall allow the City of
Aspen, or its designee, to conduct such audit at any time prior to closing. All costs and expenses
of the energy audit shall be paid by the City of Aspen.
2. To the extent recommended by the audit and up to a maximum cost of $2000, such
energy improvements, retrofits and upgrades shall be- installed by the City of Aspen or its
designee. If the Seller agrees to allow contractors to make improvements before the Buyer has
taken possession, the City of Aspen will provide remuneration in the form of a $100 giftcard.
3. If such improvements, upgrades and retrofits cannot be completed prior to closing, the
Buyer hereby agrees to provide access to the property for installation of the improvements,
retrofits and upgrades within thirty (30) days of closing.
4. If the improvements, upgrades and retrofits are completed prior to closing, the Buyer
shall pay to the City of Aspen the costs of such improvements, upgrades and retrofits at closing.
5. If the improvements, upgrades and retrofits are not completed prior to closing, Buyer
shall remit to the City of Aspen at closing $2,000.00. If the costs of the energy improvements,
retrofits and upgrades installed pursuant to this addendum are less than $2,000, the difference
($2000 minus actual costs) shall be paid to the Buyer within thirty (30) days of closing or
completion of the work, whichever is later.
6. The costs of the improvements, upgrades and retrofits shall be deemed a capital
improvement and added to the Buyer's maximum permissible resale price. However, this capital
improvement shall not be counted toward the capital improvement cap allowed for this unit.
7. The Buyer and Seller agree to enter into the Program Participation Acknowledgement &
Authorization to Release Utility Information agreement attached hereto as Exhibit "A ", upon the
execution of this addendum.
8. By its execution below, the City of Aspen assumes responsibility for any damages caused
to the unit during the performance of its energy audit or during the installation of any energy
improvements, retrofits and upgrades (pursuant to this addendum.
BUYER:
CITY OF ASPEN:
by_
Title:
SELLER:
CONTRACT ADDENDUM
(For 3 and 4 Bedroom Units)
The Contract to Buy and Sell Real Estate dated , 2012, by and between Buyer,
and Seller is hereby amended as follows:
It Starts at Home is a City of Aspen program to encourage residential energy efficiency. The
affordable housing ownership pilot program provides a mechanism to upgrade City of Aspen
affordable housing stock at the time of owner turnover. Through the program, the City of Aspen
will pay a certified energy auditor to assess energy efficiency and make recommendations for
quick, high- impact improvements, upgrades and retrofits to APCHA sale units at the time of the
buyer's inspection. Efficiency upgrades would be selected based on highest efficiency gains as
determined by the professional energy assessment and may include upgrading lighting, sealing
and insulating units, installing programmable thermostats and low -flow fixtures and insulating or
replacing water heaters. The mix of upgrades will be tailored to offset the additional monthly
mortgage increase through decreased utility bills so no undue burden will )befall home buyers.
Therefore, the Parties hereto agree to the following:
1. At the time of any inspection conducted by Buyer pursuant to paragraph 10(b) of this
contract, the City of Aspen, or a designee of the City, shall perform an energy audit of the
premises. If the Buyer elects not to conduct an inspection, the Seller shall allow the City of
Aspen, or its designee, to conduct such audit at any time prior to closing. All costs and expenses
of the energy audit shall be paid by the City of Aspen.
2. To the extent recommended by the audit and up to a maximum cost of $3000, such
energy improvements, retrofits and upgrades shall be installed by the City of Aspen or its
designee. If the seller agrees to allow contractors to make improvements before the buyer has
taken possession, the City of Aspen will provide remuneration in the form of a $100 giftcard.
3. If such improvements, upgrades and retrofits cannot be completed prior to closing, the
Buyer hereby agrees to provide access to the property for installation of the improvements,
retrofits and upgrades within thirty (30) days of closing.
4. If the improvements, upgrades and retrofits are completed prior to closing, the Buyer
shall pay to the City of Aspen the costs of such improvements, upgrades and retrofits at closing.
5. If the improvements, upgrades and retrofits are not completed prior to closing, Buyer
shall remit to the City of Aspen at closing $3,000.00. If the costs of the energy improvements,
retrofits and upgrades installed pursuant to this addendum are less than $3,000, the difference
($3000 minus actual costs) shall be paid to the Buyer within thirty (30) days of closing or
completion of the work, whichever is later.
6. The costs of the improvements, upgrades and retrofits shall be deemed a capital
improvement and added to the Buyer's maximum permissible resale price. However, this capital
improvement shall not be counted toward the capital improvement cap allowed for this unit.
7. The Buyer and Seller agree to enter into the Program Participation Acknowledgement &
Authorization to Release Utility Information agreement attached hereto as Exhibit "A ", upon the
execution of this addendum.
8. By its execution below, the City of Aspen assumes responsibility for any damages caused
to the unit during the performance of its energy audit or during the installation of any energy
improvements, retrofits and upgrades pursuant to this addendum.
BUYER:
CITY OF ASPEN:
by_
Title:
SELLER:
BETTER
ORE C*oR,E
621BUILDINGS
EnergySmar+ MAKING ENERGY IMPROVEMENTS SIMPLE & AFFORDABLE
PROGRAM PARTICIPATION ACKNOWLEDGEMENT
& AUTHORIZATION TO RELEASE UTILITY INFORMATION
.................................................................................................... ............................... .................................................................................................. ..............................,
Customer Name Energy Smart Participant Number
(to be completed by ERC staff)
. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Physical Address: Zip Code:
Mailing Address (if different):
County of Residence:
Email:
Phone Number: (H) (C)
This form acknowledges participation in the Energy Smart Program in Eagle, Pitkin, and Gunnison Counties.
Participation in the program allows access to Energy Smart assistance, rebates, incentives, and financing for qualified
customers.
CO) I acknowledge and represent that I am the Account holder of Record for any and all active utility accounts
listed on page 2.
C I authorize the Energy Smart Program access to utility data for the accounts listed on page 2, for confidential
use, in connection with the Energy Smart Program.
C I authorize my utility providers to release information about my utility usage to the Energy Smart Program to
evaluate home energy performance for a period from one year prior to three years after the date of enrollment.
understand the Energy Smart Program will use this information for program management and evaluation to
serve me, the customer, more efficiently and effectively.
C I understand that I may terminate this release and my participation in this program by providing my utility with
thirty (30) days written notice requesting this termination.
• I understand the Energy Smart Program will share my home's energy characteristics with the Better Buildings
program and program partners.
• I understand that no personal information will be released without my separate written permission.
C I understand I may be contacted to complete an online survey and /or a brief phone survey. This feedback will be
used to improve the program for future participants.
understand that I am releasing the Energy Smart Program and Utility providers from any responsibility or
liability for work performed by home energy service providers.
Signature:
Print Name:
Date:
PAGE 1
ENERGYSMARTCOLORADO.COM EAGLE 970.328.8777 • GUNNISON 970.641.7682 • PITKIN 970.925.9775
Please tell us a few things about your home:
*Account numbers may be obtained at the time of the home energy assessment.
*Propane Customer
............................................................................................................................................................................................................................................. ...............................
BUILDING TYPE: Please Select
........................................................................................................................................................................................................................................... ...............................
Estimated square footage of conditioned space:
:.............................................................. ................... ...... .................................. ..................................................................................................................................................
Year built:
............................................................................................................................................................................................................................................ ...............................
Is this your primary home?
........................................................................................................................................................................................................................................:... ...............................
Do you own your home?
........................................................................................................................................................................................................................................... ...............................
Number of occupants:
:............................................................................................................................................................................................................................................. ..............................:
Stories above grade:
............................................................................................................................................................................................................................................. ..............................:
Do you think you may qualify for low- income programs?
:................................. ..........................................................................................................................................................................................................................................
Foundation type (circle one): Please Select
............................................................................................................................................................................................................................................ ..............................:
Fireplace (Y /N) Type (circle one): Please Select
:........................................................................................................................................................................................................................................... ...............................
Primary Heating System (circle one): Please Select
Primary Cooling System (circle one):
:.......................................... . ....................... ........... .....................
Please Select
Have you ever had an energy analysis of your home?
................................................................................................................................. ...............................
How did you learn about the program? Please Select
Revised 4. 1.11 PAGE 2
ENERGYSMARTCOLORADO.COM EAGLE 970.328.8777 • GUNNISON 970.641.7682 • PITKIN 970.925.9775
C�
THE CITY OF ASPEN
MEMORANDUM
TO: Mayor and Council
FROM: R. Barry Crook, Assistant City Manager br,
THRU: Steve Barwick, City Manager
DATE: May 30, 2012
MEETING DATE: June 4, 2012
RE: Strategic Review of Housing Top Ten Goal
REQUEST OF COUNCIL:
Direction requested.
PREVIOUS _COUNCIL ACTION:
One of the Council's adopted Top Ten Goals for the 2011 -12 Best Year Yet "year" was to
"Complete an employee housing strategic review."
BACKGROUND:
During the Council goal- setting retreat there were various conversations about conducting a
strategic review of employee housing, including various topics for Council to review and
consider either affirming current policy direction or setting new direction.. The Council also
contemplated holding another "housing summit" in conjunction with this strategic review.
DISCUSSION:
Issues to be Dealt With
Beginning in early Fall of 2011, staff has been regularly meeting to plan for and prepare for an
eventual "Housing Summit."
➢ City staff — including APCHA officials — have met with County staff to brainstorm a list
of issues /questions that a strategic review of housing might provide direction /answers to.
The following list is the result of that brainstorming effort:
1. What is the purpose of the program?
2. Do the existing categories reflect the community's income distribution? Does it
matter?
3. How does the existing inventory of category mix /unit mix/rent vs. own stack up
against the community's need? Now and in future?
4. HOA solvency — what is the program's role in that?
5. What is the goal for housing workers in this end of the valley? Where are we now
relative to that goal? What does the future look like?
Page 1
6. What kind of unit numbers does that future predict we need? In what kind of
category /unit mix/own vs. rent configuration?
7. Rent vs. own? What is the philosophy going forward? Who should we serve and
how for both approaches?
8. Financing issues
9. Affordability issues
10. Retirement role in demand question ... do we change the current approach? ...
are there options that we should explore?
11. Where to build — here or down valley?
12. Role of the credit mitigation program in meeting future demand? How to direct
production in that program to create what the future needs?
13. Maintenance of existing housing stock? How do we ensure it? Role of
government in doing that? Role of government money?
14. Fate of "time- bound" deed restriction stock (e.g. Centennial and Castle Ridge) —
what to do about those properties?
15. Development opportunities and prioritization of same
16. What does "Livability" mean? What is the target for the housing stock to be
produced? Current?
17. Does the IGA need changing? For what purpose?
➢ Two focus groups of stakeholders have been held — one sponsored by ACRA for
employers, another with the 20 -40 year old demographic the city has been working with
in order to increase their civic engagement. In addition, two more focus groups are being
scheduled by APCHA staff for affordable housing HOA board members and affordable
housing owners /tenants. The format of those focus groups is to create. three lists of
brainstormed responses to the following questions: (1) what are the facts as you know
them about the affordable housing program ?, (2) what conclusions or premises do you
make when confronted with those facts ?, and (3) given those conclusions, what issues
must the affordable housing program address? The following list is the result of those
sessions:
ACRA session
18. How to address "holes" in eligibility?
19. Helping people navigate the system in getting qualified, making decisions about
renting /owning, knowing what's available
20. Condition "audits" or capital reserve studies to help forecast exposure /expenditure
in maintaining existing inventory for future users
21. Audit /project future conditions for supply /demand of housing
22. How can small business better participate so they can use program to
recruit /retain staff?
23. How to better match current category demand to category supply?
24. What should pet policy be?
25. Taking care of what we have vs. building new?
20 to 40 Year Old session
26. Review eligibility criteria /category designation
27. Is the program helping to bring /keep young people to Aspen?
Page 2
28. Qualification criteria — particularly for young people — may not realistically
reflect their "place in life" (e.g. debt /assets relative to income and how that places
them in a category)
29. Lack of enforcement, equitability of enforcement that requires is complaint -
driven, how to shield complainants from retaliation, how to beef up APCHA
enforcement?
30. Guidelines equity — are they "fair" to everyone and their circumstances?
31. Priority process for bedroom count /selection of unit
32. Market keeps people from selling their free market property and moving to deed
restricted units
33. Marketability of high category units problem
34. Look at the program from a "whole community" perspective
➢ In a joint worksession with the BOCC on May 1St, the following issues were agreed to be
added to the summit agenda:
35. Aging population issues — incomes and employment problems for those not yet at
retirement age
36. Lack of comprehensive support services to help people in crisis stay in housing
37. Accessibility and accommodation of people with disabilities
Questions for you to answer as you develop your ideas for the Summit:
✓ What issues do you want to cover that are not on this list?
✓ How long of a summit do you wish to hold? 1.
✓ How many issues can you tackle in that timeframe , (remember to hold some time
available for background briefings from staffi? Which issues are deferred to later?
✓ What issues then are best addressed by special analysis and discussion, rather that at
the summit?
✓ Which issues would you like to focus on and how long for each issue?
Data/Information to Help You in Your Discussions
We have also created a list of data and information we think would aid your conversations and
decision - making at a summit, given the lists above. Again, staff (City, APCHA and County) has
thought about what information would be helpful and have begun to create a "briefing book" of
information related to the issues listed above. We have engaged the services of EPS to update
portion of the study they created in the early -to -mid 2000's on housing demand. We have hired a
part-time consultant to help create and compile information as well. The following is our list of
what we think is pertinent information necessary to help participants prepare for a summit:
1. Community income distribution
2. Existing housing inventory by category, unit size for both rental and ownership properties
to compare to the community income distribution
3. Job numbers now and projected over the next 10 -20 years ... and how many units those
numbers imply at some various levels of "percent of workers housed in the community"
targets ... factoring into the equation the number of housing units unavailable due to
retired workers living in them
4. population in units numbers now and over the next 10 -20 years
Page 3
Chris Everson work on housing affordability and incomes
6. Draw some demand numbers for unit sizes and income categories relative to current
conditions and make some assumptions about the future to see what kinds of
size /category mix you might need in the future
7. Analysis of the capital reserve studies to assess the condition of today's housing stock
and what kinds of investment are needed over the next 10 -20 years to maintain that stock.
8. Then some analysis of what has to happen to finance that investment
9. Analysis of the "time bound" deed restrictions on properties in our system — some
estimates of when those might cease to operate and the cost of replacing those units
10. Definition of "livability" and how that definition relates to the existing and contemplated
additions to the housing inventory ... perhaps a estimate of what it might take to bring
the inventory up to that standard.
11. Review of housing system — city, county and APCHA — funding streams and projections
over the next 10 -20 years for same
12. Some guesses of the projected expenditures of that "system" as compared to the revenues
listed above ... to identify gaps if any or excess funds available to meet any other needs
(contributions to HOAs for instance).
13. Retiree profile — who is retiring? How long have they been a worker in the community?
Etc.
14. Consideration of policy .level directives that exist — do they still meet elected officials'
needs and expectations?
15. Review of Housing Guidelines ... consistency, efficacy, purpose (being conducted by
City Manager's Office /County Manager's Office, the APCHA Board, and Housing
Frontiers Group)
16. Look at free market contribution to "affordable workforce housing" both upvalley and
downvalley
17. Assessment of Eagle and .Garfield Counties' plans for affordable housing in the Roaring
Fork Valley (or nearby so that it could house workers) and how it impacts provisions of
affordable housing for our workforce.
18. Social Services and Community Housing issues (Added by Council at joint worksession
5 -1 -12)
✓ Aging population issues — incomes and employment problems for those not yet at
retirement age
✓ Lack of comprehensive support services to help people in crisis stay in housing
✓ Accessibility and accommodation of people with disabilities
• Data and narrative that provides briefing material for the social service issues
added by the BOCC and City Council at joint worksession on May 1St (County
to prepare).
19. Regarding the Role of APCHA in providing social services:
✓ Mission /purpose of APCHA as currently defined
✓ What do other housing authorities in Colorado do in these areas?
✓ Is this an Aspen /Pitkin County issue or is it a regional (valley -wide) issue?
✓ What entity should be responsible for dealing with these issues?
✓ Assets and funding stream issues — current funding /assets for workforce housing,
what might be needed to deal with these issues and where that funding might
Page 4
come from (to include information on APCHA's statutory authority to levy a tax
and how it might be used for these purposes)
Questions for you to answer as you develop your ideas for the Summit:
✓ Given the issues you have chosen to focus on, what information do you want provided
,to you?
✓ What information do you want for background purposes,_ but not for presentation at
the Summit?
✓ . What information do you want presented at the Summit?
Who to Invite to the Summit?
It is our.belief that the issues you determine you want to address at the summit will inform the list of
people you want to make sure are there. At a minimum we believe — in addition to City Council,
Board of County Commissioners and the APCHA Board — you will want to include stakeholders
I epresenting employer groups (large, medium and small), ACRA, current AH participants, the
development community, and downvalley governmental representatives.
At the 2007 Summit, 99 people were listed as invitees. This group ranged from governmental staff
(Aspen, Basalt, Snowmass, Carbondale, Glenwood Springs, Pitkin County, Garfield County, Aspen
School District, and RFTA); government officials (City Council, BOCC, Aspen School District,
TOSV, Basalt, Carbondale, Glenwood Springs, De Beque, Rifle, New Castle), Non - Profits (Aspen
Music Festival, Aspen Community Foundation, Aspen Institute, Valley Housing Partners),
employers and business representatives (ACRA, SkiCo, Aspen Valley Hospital,
development/construction community, restaurants, retail and hotels).
Questions for you to answer as you develop your ideas about the Summit:
• How big of a group would you like to convene?
• What kind of representation do you desire and from which stakeholder groups?
• How far downvalley do you wish this representation to come from?
What does the Summit look like?
At•the 2007 Summit, 1 -1/2 days were set aside to: (1) present information, (2) discuss issues, and
(3) engage the entire audience in several small group breakout sessions.
The agenda was:
• Background: the state of affordable housing
• Facts
• Inventory
• Trends and Forecasts
• Jobs, Wealth and Gentrification
• Impact of Construction and Oil /Gas Industries on Job Growth
• Testimonials from Local Employers
• Retirement
• Valley Land Prices and other Resort Trends
Keypad questions on "what we think"
Page 5
Tools and Strategy Overview
• Funding streams
• Funding options
• Overview of strategy options
Strategy Options
• Pay-:As-You-Go
• Land Bank
• Buy Down
• Borrow
• Rental vs. Ownership vs. Seasonal
• Location
• Demand Side Strategies
• Rehab of Existing Units
• Purchase currently affordable rental housing from free market to preserve it for
future
• Retiree Buy Out options
• Public /Private Partnerships
• Increases in mitigation requirements for new construction
• Employer provided
• Small Group Breakouts
• How to spend $100 million over the next 10 years to achieve your goals for housing
the workforce?
• "Backcast" from the year 2018 — what you did and how you marshaled opinion and
action to do what you did? What is left undone and why?
• Rank the group's decision packages with "dot voting"
• Recap of Day 1
• Determination of policy actions and next steps
What came out of the Summit was a series.of conclusions and directions to city staff regarding:
➢ We have an affordable housing CRISIS
➢ We're behind now in the # of units we need
➢ We're not catching up at current pace
➢ To start catching up, we can't build with available cash only
➢ The "price of money" is.less than the "price of inflation" for land and construction
➢ It's cheaper to borrow and build than it is to wait
➢ Be aggressive in buying land and building new units
Priority Policies
• Housing development should remain within the Urban Growth Boundary (UGB) unless a
entering into a Public/Public Partnership.
• An analysis of our present land use regulations as they pertain to mitigation measures should
be, undertaken to analyze how they would apply "across the board" to include all types of
properties from residential to commercial to governmental.
Priority Actions
Page 6
• The priority actions as established by summit participants and elected officials were that we
need to create a framework for leveraging of existing funds, and to pursue the Shadowood
and forest service properties.
Priority Properties
• Shadowood
Forest Service
• Red Brick Building
• Yellow Brick Building
• Burlingame Phase II
• Twin Ridge (daycare approved portion)
Questions for you to answer as you develop your ideas about the Summit:
• What kind of structure for the summit do you envision?
• Would you like us to plan to use the keypad voting devices to poll the room about
questions you raise and/or policy options under consideration?
• Do you envision actually making policy decisions at the Summit or deferring those
decisions to later meetings (this was the case in 2007, where the Summit helped to narrow
the range of choices and to define the environment for those choices)?
RECOMMENDATIONS:
• Which issues would you like to focus on?
We recommend that at a minimum, your list should include the following:
✓ What is the purpose of the program?
✓ Current demand for units /mix? Future demand for same?
✓ Retirement role in demand question ... do we change the current approach? ... are there
options that we should explore?
✓ Maintenance of existing housing stock? How do we ensure it? Role of government in
doing that? Role of government money?
✓ What does "Livability" mean? What is the target for the housing stock to be produced?
Current?
✓ Social Services and Housing:
■ Aging population issues — incomes and employment problems for those not yet at
retirement age
■ Lack of comprehensive support services to help people in crisis stay in housing
■ Accessibility and accommodation of people with disabilities
• How long and when?
We recommend a two -day summit to be scheduled for Thursday and Friday, September 13t" and
14tH
• Data/Information to Help You in Your Discussions
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We recommend all of the information listed above be provided in a briefing book, but that
presentations are limited to the information related to the issues you select.
• Who to Invite?
We recommend that — in addition to the Council, BOCC and APCHA Board — stakeholders
representing government, non - profits, business /development/construction /banking communities,
and current AH community members be part of the summit. This group should be limited to less
than 100 people in hopes that there is time for all voices to be heard.
REQUEST OF COUNCIL:
1. Define the issues that you want discussed at the Summit.
2. Refine the background data/information you wish to receive in order to effectively discuss
the issue list you have created.
3. Given the issues you have selected, who should be invited to participate at the Summit?
4. What date(s) would you like us to begin planning for?
5. Provide direction as to the format of the Summit agenda which we can work on and bring
back.
6. Ask Pitkin County Board of County Commissioners to hold a similar worksession and
provide their input for the Summit — after which we can work to use both sets of direction to
find a common vision for the Summit.
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