Focus Team: Project Economics & Stewardship #2

Date and Location: Wednesday, February 23, 2022 – Community Center East Room

Estimated Attendance: 25

Guiding Questions:  

• Importance of wealth creation at Brown Ranch vs. preserving long-term affordability? • How important is homeownership at Brown Ranch relative to simply providing housing?
• What value do we place on economic and housing mobility within Brown Ranch – is housing there a step to additional housing within broader Steamboat (gateway) or do we expect internal  community mobility?

• Spatially, what does community integration/diversity look like for different income levels served  and owners vs. renters?

Key Technical Information Shared:  

Technical consultant Willa Williford presented on two “shared equity models” for homeownership: deed  restrictions and community land trusts to start a conversation about long term affordability at Brown  Ranch. See attached slides. Meeting recording available upon request.

Public Input:  

Questions:  

• Is workforce a broad enough term? How inclusive will it be?
• What are the rules of the road that YVHA will follow?
• Whos’ going to pay for it and how are we going to finance it?
• How do we define wealth?
• Comment on wealth building: Does it only cater towards a financial component? What is the  philosophy behind the term?
• How does this address the seasonal employee who will eventually become a full-time employee aka  “a local?”
• Isn’t there the opportunity to do all of it? Land lease? Deed restrictions? Rentals?  • How much is land is actually buildable?
• How do you define short term rentals?
• Do seasonal workers qualify for deed restricted housing?
• What is allowed in a hardship place?
• IF YVHA has a land trust and YVHA owns the land, but I own the structure? Can I come in a build on  that parcel of land?
• How does Brown Ranch improve the economics of our town?