Builders held to upcoming housing rules
VAIL ” The Vail Town Council passed unanimously an emergency ordinance Tuesday that forces new developments to follow employee-housing rules that haven’t been written yet but are expected to be adopted in the next few months.
As of Tuesday, even a development proposed before the new rules are passed will have to follow whatever policies are eventually adopted.
Council members want to provide affordable housing for 30 percent of Vail’s workforce. With new redevelopment expected to add 1,400 new jobs, the town is trying to create enough homes to keep 30 percent of workers living in town.
By 2020, almost all workers in town are expected to live in some sort of affordable housing, Vail officials say.
Earlier this month, the council started looking at methods to increase employee housing requirements for developers.
The town is looking at methods including inclusionary zoning, which requires that developers set aside a certain percentage of their development as affordable housing, and commercial linkage, which requires that developers compensate for a certain amount of the jobs their developments create.
Vail already has a commercial linkage requirement of 15 percent or 30 percent of jobs generated, depending on how the proposal complies with building rules.
The council is aiming to make a final decision in December.
Under the ordinance, the town has until April 15 to adopt new employee housing requirements.
Staff Writer Edward Stoner can be reached at 748-2929 or email@example.com.
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