HomeMy WebLinkAboutInformation Update 1123211
AGENDA
INFORMATION UPDATE
November 23, 2021
5:00 PM,
I.INFORMATION UPDATE
I.A.Housing Data
I.B.RFV Roadmap Regional Housing Coalition
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INFORMATION ONLY MEMORANDUM
TO: Mayor Torre and Aspen City Council
FROM: Ben Anderson, Principal Long-Range Planner
Chris Everson, Affordable Housing Senior Project Manager
THROUGH: Diane Foster, Assistant City Manager, and
Scott Miller, Public Works Director
MEMO DATE: November 19, 2021
RE: Current Conditions – Aspen Housing Data
__________
SUMMARY: With the purpose of providing data in support of Council’s discussion at the
Housing Retreat scheduled for December 6th and 7th, this memo provides high level,
background information that frames the current status in our residential sector – both free-
market and deed-restricted, affordable. A mixture of Census data and other locally
sourced data is included. This memo is not comprehensive and is intended to provide an
overview. If Council desires more robust or specific data, or analysis on any of these
topics, staff will try our best to be responsive to any requests.
GENERAL HOUSING DATA: Data from the U.S. Census Bureau in small, quasi-rural
geographies like Aspen should be used to understand topics broadly and in identifying
trends or generalized conditions, but it should not be utilized in situations that demand
precision.
Table 1. General Housing Data – Total Units, Occupied, and Vacant, City of Aspen
Year 2000 2010 2020
Total Housing Units 4,354 5,929 6,197
%Change 2000-2010 - 36.2% 2010-2020 – 4.5%
Occupied Units 2,903 3,516 3,540
%Change 2000-2010 - 21.1% 2010-2020 – 0.7%
Vacant Units 1,451 2,413 2,657
%Change 2000-2010 - 66.4% 2010-2020 – 10.1%
% of Vacant Units 33% 41% 43%
Source: Colorado State Demographer’s Office
compiled decennial US Census Data from
2000-2020; and APCHA data derived from
HomeTrek.
Deed-Restricted
APCHA Units in
COA (source: APCHA)
Total 2,303
Free-Market Units
Total from Census
less APCHA units
Total 3,894
% of Vacant Free-
Market Units
(assuming 100% of
APCHA units are
Occupied)
68%
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Housing Data and Information
Table 2. Breakdown of Housing Types
Total Housing Units 6,197 (2020 Decennial)
Housing Type Single-Family Multi-Family Mobile Homes
% of total units 39.6% 57.4% 3%
Source: 2019 American Community Survey; ACS, 5-year
150 FUND AND CITY OF ASPEN HOUSING DEVELOPMENT: Chris Everson,
Affordable Housing Senior Project Manager provided the following data and other
information for Council’s consideration related to the 150 Fund. Again, this is a sampling
of information to provide a broad overview.
Table 3. Completed Public Projects; 2000-2021.
Year Facility Units Own/Rent
2000 Snyder 15 Own
2001 7th and Main 12 Own
2002 Truscott II 87 Rent
2005 Annie Mitchell 39 Own
2006 Little Ajax 14 Own
2007 Burlingame Ranch I 91 Own
2015 Burlingame Ranch II 86 Own
2020 802 West Main 10 Rent
2020 517 Park Circle 11 Rent
2021 488 Castle Creek 24 Rent
Total Completed 389 257 Own / 132
Rent
Total FTEs 840
Table 4. Public Projects Currently in Progress.
Year Facility Units Own/Rent
*2022 Burlingame Ranch
III 79 Own
**2024-2035 Lumberyard 310 2/3 Rent – 1/3 Own
Total In Process 389 177 Own / 212
Rent
Total FTEs 780
*Currently under construction
** Currently in planning, subject to change
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Housing Data and Information
2022 Burlingame Ranch Phase III Work Plan Highlights:
• Determine Income Category Distribution
• Define Lottery/Sales Process
• Complete Construction & Procure CO’s
• Establish New Condominium Association
• Facilitate Sales & Occupancy, Begin 2-Year Warranty Period
• Operate New Condo Association During Declarant Control
• Occupancy planned Fall 2022, 79 For-Sale Units, including 1-, 2-, and 3-bedroom
units
2022 Lumberyard Affordable Housing Work Plan Highlights:
• Complete Schematic Design & Development Application
• Issue RFQ/P for PPP Private Development Opportunities
• Submit Development Application
• Land Use Entitlements / Development Approval Process
• Design Development & Development Agreement
• Document and Record Planned Development
• Tentative Construction Start: 2024, tentatively planned with 310 units, 2/3 for-rent
& 1/3 for-sale
As part of the design and entitlements process, the Lumberyard project team will
assemble a proposed phasing plan which will be connected to alternatives for sources or
funds which may range from 150 Fund cash flows and City of Aspen bond issuance debt
to private developer financing and potential federal and state funding options. These
alternatives will drive the creation of a proposed implementation phasing plan for the
Lumberyard affordable housing development.
City of Aspen 150 Housing Fund – Revenue History
Since 2000, over $240 million in dedicated revenues has been invested into the ongoing
operation and expansion of the Aspen Pitkin County Housing Authority affordable housing
inventory. This includes the development of the completed projects listed above as well
as funds invested in upkeep and operation of existing City-owned facilities. Funds from
this revenue stream are also budgeted annually toward the operation of the Aspen Pitkin
County Housing Authority (APCHA), and those funds are also matched by Pitkin County.
(The table below does not include such Pitkin County funds.)
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Housing Data and Information
Year Revenues
2000 $5,302,335
2001 $4,845,133
2002 $4,751,964
2003 $8,543,109
2004 $8,090,180
2005 $12,773,154
2006 $14,000,177
2007 $14,075,761
2008 $12,001,447
2009 $8,373,748
2010 $8,321,575
2011 $9,752,953
2012 $8,986,581
2013 $9,584,101
2014 $11,590,103
2015 $13,039,396
2016 $10,084,871
2017 $13,422,231
2018 $13,042,701
2019 $13,784,319
2020 $21,009,309
2021 YTD $18,433,018
2000-2021 $243,808,166
Table 5. 150 Fund Revenue History.
Revenues shown are used not only used for development of new affordable housing units
– funds are also used for upkeep and ongoing operation of existing City-owned facilities
as well as toward the operation of the Aspen Pitkin County Housing Authority (APCHA).
Additional note: Many of the affordable housing units in the APCHA inventory are privately
owned, operated, and maintained.
CITY OF ASPEN AFFORDABLE HOUSING CERTIFICATES PROJECTS: The
Affordable Housing Certificates Program has been in place since 2010 – with the first
project completed in 2012. The program has included new projects, conversions of free-
market units to deed-restricted, and the use of historically designated properties – all
completed by developers in the private sector. Other than the land use reviews, the City
of Aspen did not have to expend any resources in the development of these units. The
FTEs generated by a project are typically determined by the number of bedrooms in each
unit in the project. Categories of the units are assigned in the deed-restrictions. For the
completed projects, all have been created in Categories 2, 3, and 4. There have been
109 FTEs generated by completed projects to date, with another 43 – either with Land
Use approval or in Land Use Review.
Table 6. Total APCHA Inventory.
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Housing Data and Information
Table 7. AH Certificates Projects since 2012.
Completed Projects
FTEs Generated
301 W. Hyman
313/317 AABC
210 W. Main
518 W. Main
834 W. Hallam
815 Vine
829 W. Bleeker
Total
14
24
18
29.66
18.75
3
1.25
109 FTEs
Projects with approval
or in review
FTEs Proposed
611 W. Main
1020 E. Cooper
1235 E. Cooper
Total
15.9
14.1
12.7
42.7 FTEs
NEXT STEPS:
Staff looks forward to participating in Council discussions at the Housing Retreat on
December 6th and 7th. In the meantime, please reach out to Ben Anderson or Chris
Everson if you have questions about any of this information or are desiring any other data
related to housing.
ben.anderson@cityofaspen.com; 429.2765
chris.everson@cityofaspen.com; 429.1834.
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INFORMATION ONLY MEMORANDUM
TO:Mayor and City Council
FROM:Diane Foster, Assistant City Manager;
Ron LeBlanc, Special Projects Manager
THROUGH:Sara Ott, City Manager
MEETING DATE:November 22, 2021
RE:Roaring Fork Resiliency & Recovery Roadmap
REQUEST OF COUNCIL:
This informational memo updates the Roaring Fork Resiliency and Recovery Roadmap
Program. No City Council action is requested at this time.
BACKGROUND:
A group of local government agencies from the Roaring Fork Valley, including the City of
Aspen and APCHA, are participating in a State of Colorado Department of Local Affairs
(DOLA) program that encourages local governments to build a resiliency roadmap
through a collaborative approach to community recovery from the COVID pandemic.
It might be helpful to present the chronology of events that brought us to this point in
time. The City of Aspen submitted a Letter of Intent (LOI) in December 2020. At that
time, the federal Economic Development Administration (EDA) had not released any
funds to the states for this purpose. With the change of leadership under the Biden
Administration, EDA Awarded $2.3 million from the CARES Act Recovery Assistance
grant to the Colorado Department of Local Affairs (DOLA) to assist rural Colorado
communities develop economic recovery and resiliency plans.
This grant does not include direct funding, it provides technical assistance to organize a
regional effort. Providing program leadership is a team of several state agencies
(Department of Local Affairs (DOLA), the Office of Economic Development and
International Trade (OEDIT), and the Colorado Department of Labor and Employment
(CDLE). The Glenwood Springs based non-profit, Community Builders, was retained by
the state to develop a framework for creating community engagement in rural Colorado.
The focus is to provide rural communities planning and technical assistance support to
diversify and strengthen their local/regional economies while building resiliency.
Communities with shared economies were invited to form Regional Community Teams
to accelerate progress toward thriving and resilient economies.
The original LOI submitted by the City of Aspen was one of 16 submitted statewide.
The state funding limits participation to 16 Regional Community Teams. The initial
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group of submittals represented over 50 rural Colorado communities. The program’s
focus is to assist the rural areas of Colorado. Boulder County, City and County of
Broomfield, City and County of Denver, Jefferson County and Douglas County are not
eligible along with municipalities with populations over 50,000.
The EDA grant was matched with $869,723 from the state of Colorado. In early 2021,
the state decided to solicit formal applications for this program. The original 16 regions
were encouraged to apply as well as other regions that did not submit a LOI. Because
of the regional nature of this effort, DOLA encouraged Roaring Fork Valley participants
to submit a formal application under the leadership of Pitkin County. Eagle County
submitted a formal application although it had not previously submitted a LOI. Pitkin
County and Eagle County each pledged to support the other’s application and exchange
information. Both applications were among the 16 selected by the state.
SUMMARY
At the direction of the City Manager, city and APCHA staff have been active participants
in the Roaring Fork Valley Roadmap process, facilitated by Pitkin County. The group has
embraced the concept of collaboratively address the topic of workforce sustainability.
In October approximated fifty stakeholders participated in a series of focus groups that
included representatives from Roaring Fork Valley nonprofits, local governments and
agencies and the private sector. This group recommended a specific focus on a regional
affordable housing project, there was also strong support for addressing issues related to
diversity, equity and inclusion as well as mental wellness.
While this project is still in its early stages, there has been active and consistent
participation from all of the Roaring Fork Valley local government staff, along with DOLA
staff. The collective and overwhelming consensus of stakeholders that more affordable
housing is needed in the Valley aligns well with City Council’s critical goal of increasing
the number of affordable housing units
Staff will keep Council updated as this project moves forward.
CITY MANAGER COMMENTS:
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