HomeMy WebLinkAbout01-13-20 City Commission Packet Materials - A2.5. CM Recommendations from Comm. Housing Action Plan - SUPPLEMENTAL MATERIALSwww.bozeman.net/
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Summary: This document is intended to summarize the City's efforts to encourage affordable
housing over the last 13 years and to provide a estimated snapshot of upcoming supply.
2007
Workforce Housing Fund
Created (2007) Fund assists
with down payments, impact
fee reimbursement, grants &
homebuyer education
Affordable Housing Ordinance
(adopted 2007, on hold until 2012,
replaced in 2015, compulsory in
2017) Current version requires that
10% of homes (for projects greater
than 10 lots) meet affordability criteria
Code Changes
(2002 & 2007)
Affordable
housing incentives
added for parking,
lot sizes &
entitlement timing
2016
Cottage Housing
Ordinance Created
(2016) Attempt to foster
smaller homes on
smaller lots - has not
been utilized and is
planned to be
reevalutated
$200,000 contribution
to Larkspur Commons
Apartments (2017)
Money from Workforce
Housing Fund used to
support 136-unit Low
Income Housing Tax
Credit project
2017 2018 2019
Affordable Housing
Needs Assessment
Completed (2018)
Step 1 of 2 to create
a housing profile &
to better understand
community needs
Community Housing
Action Plan Accepted
(2019) Step 2 of 2 to
evaluate & recommend
tools/strategies for a 5
year action plan
Code
Changes
(2019)
Further
reduction of
min lot sizes
+ Two Mills
(2019) Additional
~$250,000
allocated from
the General Fund
to the Workforce
Housing Fund
Accessory Dwelling
Units (ADUs) (2018)
Although ADUs were
authorized back in
1998, this joint project
with Montana State
University created a
guidebook to assist
residents in permitting
& construction
Staffing (2018)
Full time Affordable
Housing Manager
hired
Transitional &
Emergency
Housing
Ordinance
Created (2018)
To expand
options for
shelters
Note: numbers are approximate & based on Community Development Department
files for projects greater than 5 units.
Short Term
Rental
Ordinance
Created (2017)
To limit vacation
rentals
Fun Fact
The minimum lot size
for a detached home in
the R-1 zone has
decreased 60%
since 1996
$240,000 contribution
to Willow Springs
Townhomes (2019)
Money from Workforce
Housing Fund used to
support 24-unit
Community Land Trust
Affordable Housing Efforts
Bozeman is the
only community
in MT to allocate general
fund money to
affordable
housing?
$
5,400 - 6,340 units are needed
over the next 5 years to
address the current shortfall
and to keep up with job
growth. 60% of these need
to be priced below-market
to meet community
housing needs.
Supply +
Demand
Did you know?
12/27/2019