Dillon Town Council eyes rental assistance, lease-to-locals incentives to boost workforce housing - Summit Daily

Dillon Town Council members are continuing discussions astir further steps to summation workforce lodging wrong the town.

Town unit presented assorted options to the assembly for consideration. One would enactment likewise to Breckenridge’s Buy-Down Program. The municipality of Dillon would bargain a lodging portion astatine afloat terms and past resell to a subordinate of the section workforce astatine a reduced rate. The location would besides person a deed regularisation to guarantee it’s disposable for the workforce. 

Town Council members said they were much funny successful buying spot and past renting it to DIllon locals arsenic its ain landlord alternatively than buying spot and past reselling it astatine a little price. Whether rentals oregon for-sale stock, properties that the municipality of Dillon would bargain would person deed restrictions specified arsenic a request to enactment astatine slightest 30 hours successful Summit County. 

“I deliberation our apical precedence I’m getting retired of this speech successful municipality is, No. 1, to ain the spot truthful it keeps the equity and builds equity, but past we’re besides considering the monthly rent subsidy needed for radical successful rentals,” Mayor Carolyn Skowyra said.

Another enactment that assembly members were funny successful exploring was creating its ain mentation of the county’s Lease to Locals program, which incentivizes spot owners to semipermanent rent to the section workforce alternatively than short-term rent to visitors. To bash this, 1 thought would beryllium for the municipality to wage the spot proprietor 20% of the marketplace worth up to $150,000 successful speech for a deed restriction. The outgo would beryllium successful monthly stipends arsenic agelong arsenic the location houses the section workforce.

“After valuation with the Combined Housing Authority, it was determined that airy deed regularisation truly wasn’t gathering the goals of making definite that that portion stays successful the progressive workforce,” Town Manager Nathan Johnson said. “So 1 of the things that they encouraged america to look astatine was that afloat deed regularisation that has an appreciation cap, has a moving component, and past (the town) pays them accordingly.”

The discussions Tuesday, Oct. 18, were a continuation of erstwhile enactment sessions connected however to further enactment expanding entree to lodging successful Dillon. In September, Town Council members divided assorted strategies into 3 options: build, bargain and assist. Because gathering costs are inactive high, assembly members astatine that gathering said that building caller units would not beryllium the champion short-term solution.

The town’s lodging fund, oregon 5A funds, generates astir $1 cardinal per twelvemonth with a existent money equilibrium of astir $5.5 million, according to a unit report. The 5A backing was precocious extended by the voters for an further 20 years and volition expire successful 2046.

In June, Town Council members approved an summation for the town’s down outgo assistance indebtedness program, which allows employees of the municipality to person a indebtedness for a down outgo of a home. On Tuesday, assembly besides approved a solution to grow entree to the programme for employees who are successful the process of selling their existent residential property. Staff said that this would let employees moving into the region to person assistance and promote them to determination perchance from deed-restricted homes to escaped marketplace ones.