HomeMy WebLinkAboutKevin Thane Proposed Strategies & Tools for A.H. Action Plan 6-4-19Strategies
Land Strategies
1. Land Trust
2. Build affordable Housing on vacant City Owned Land
Strategies for existing Dwelling Units
1. Allow rental basements and other in house rentals within R-1 (both
apartments and rooms)
Funding Strategies
1. Residential Demolition permit that requires a contribution to the Affordable
Housing Fund if dwelling units are demolished and commercial property or
less affordable dwelling units are built.
2. Luxury Tax that goes into the Affordable Housing Fund on dwelling units
over 750K or apartments rented for more than 120% of AMI
3. Small employer funding of employee housing through purchasing shares
of a larger housing complex
4. Employer financing of ADUs in new subdivisions & existing areas.
Employer recoups the financing through affordable rent collected & turns
ADU over to property owner once financing is recouped.
5. Increase Short Term Rental licensing fees with proceeds going into the
affordable housing fund.
6. Increase assessed valuation of short term rentals or vacation homes with
the funds from the increased valuation going into the affordable housing
fund.
7. Put 10% of the taxes collected on a house valued at over 750K into the
affordable housing fund.
8. Put a surcharge on vacant ag land within the city limits with the surcharge
going into the affordable housing fund.
9. Tap the Bed Tax for affordable housing funds since lodging employees
are often those at the lower end of the income spectrum.
10. Put a surcharge on lots over 5,000 sq ft with proceeds going into the
affordable housing fund.
11. Create a TEDD (Targeted Economic Development District) for affordable
housing.
Strategies for New Units
1. Rent to own units
2. Build group living units for singles or couples with a shared kitchen and
living area but separate bedrooms with bathrooms.
Other Strategies
1. Do a community “Barn Raising” to construct housing quickly with minimal
labor costs
2. Put jail trustees and those required to do community service on a crew to
build affordable housing.
3. Promote tiny houses.
4. Build affordable dwelling units with trade school, high school , Gallatin
College or other apprenticeship programs.
5. Develop a plan by which the city can create an RFP for development of
affordable housing on City owned land
6. Create an agency to match students with those who may have a spare
room.
7. Look at housing needs based on housing type rather than just by AMI –
One bedroom rental, Group living, Starter homes, 1 bedroom with pet
space, etc.
8. Prioritize allocation of City CIP funds to projects that will benefit the
creation of affordable housing.
9. Put an employee housing component in economic development such as
providing PUD points for providing employee housing.
Incentives
1. Provide city tax breaks to those who provide rentals at an affordable rate
Code Changes
1. Remove design guidelines in the UDC that cause increased building costs
2. Update City engineering standards to allow things like stacked utilities that
can allow increased density and result in lower priced dwelling units
3. Create reduced regulation zones where the only regulations are those that
deal with life safety issues
4. Streamline the UDC and affordable housing ordinance to encourage
building affordable units and starter homes
5. Develop a strategy that allows common ground around Town Homes to be
held in common so that you don’t have to create condos.
Affordable Housing Fund Uses
1. Use Affordable Housing funds to:
a. Create infrastructure
b. Purchase land
2. Use CAHAB funds to design plans for easy garage ADUs that are pre
approved by the city and available for free distribution from the Community
Development Department.