Focus Team: Project Economics & Stewardship #2
Date and Location: Wednesday, February 23, 2022 – Community Center East Room
Estimated Attendance: 25
- 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.
- 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?