Project Economics & Stewardship – Meeting Notes February 23rd 2022

Published On: February 23rd, 2022Categories: Focus Team Updates, Stewardship & Project Economics

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:  


  • 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?