HomeMy WebLinkAbout10-16-23 Public Comment - K. Vaughn - Bozeman Anti-STR Ordinance 2149From:kathleen@vonhomes.com
To:Agenda
Subject:[EXTERNAL][Possible Malware Fraud]Bozeman Anti-STR Ordinance 2149
Date:Monday, October 16, 2023 2:52:11 PM
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I urge you to vote NO on ordinance 2149.
Ordinance 2149 is not necessary. While there is a shortage of affordable housing in Bozeman,
vacancy rates for rentals are on the rise. Bozeman’s HRDC is reporting that there is currently a
7% vacancy rate for rentals in Bozeman.
Ordinance 2149 will not help create affordable housing and will harm efforts to create
affordable housing.
i. STRs are not transferable to affordable housing units. Bozeman commissioned a studythis summer by a firm called Economic & Planning Systems, Inc. (or EPS). EPS found
that about 63% of STRs are valued above the median value of housing units. Thosehomes are far from being affordable. If the City stops them from being rented short-
term, they will not be converted to affordable housing. For the vast majority ofBozeman STRs, those STRs are not transferable to affordable housing units. As a
result, cracking down on STRs does little to nothing to improve the affordable housingcrisis we have in Bozeman.
ii. STRs bring tax revenue that can be used to create affordable housing. Just like hotels,there is an 8% total lodging tax on a stay in an STR. Local entities get funds from that
tax pool, which can be used for promoting tourism or partnerships to create affordablehousing options, among other things.
c. Ordinance 2149 would create an unreasonable burden on property owners in
exchange for a very minimal public policy impact. The City shared that there are306 registered short-term rentals, and there are 22,500 total housing units (homes,
apartments, etc.) in the City. That means that STRs are 1.36% of Bozeman’shousing stock. Type 3 STRs, which the Ordinance would ban outright, are just
.31% of Bozeman’s housing stock.
Kathleen Vaughn
REALTOR® GRI, CRS, CREN
406.581.0183 Cell
406.587.1717 Office
www.Kathleenvaughn.com
www.bozemanrealestate.group