1 East Main Street
Frisco, CO 80443 United States
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Community Development Director
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Frisco Town Council has identified affordable workforce housing as one of their top 3 priorities, and is working on a comprehensive housing plan, which incorporates multiple strategies to insure employees are able to live where they work.
Mountain communities, like Frisco, are great places to visit, and their popularity as vacation destinations commonly results in a shortage of affordable workforce housing because of the prevalence of vacation homes and vacation rentals and the lack of inventory inherent in a community with limited buildable land. Couple this with a tourism based economy, which primarily produces lower paying service jobs, and housing the local workforce becomes challenging.
Frisco recognizes that our community is a better and more vibrant place when our workforce can afford to live and raise their families where they work. Workforce housing is intended to serve all areas of the workforce including first responders, medical care providers, teachers and hospitality and restaurant workers, so our residents have the services vital to preserving the quality of life for all community members.
On October 12, 2021, the Frisco Town Council approved a pilot, long-term rental incentive program that aims to immediately increase the number of long-term rental units available to the Town’s local workforce. The Town of Frisco is partnering with Omni Real Estate to administer the program, which offers financial incentives to homeowners who are currently making their properties available in the short-term rental market, in order to convert them into long-term rentals.
Town Council directed staff to launch this pilot program with the target goal being of housing approximately 24 Town of Frisco employees for six-months with a program budget of $100,000, which includes management fees. This will give the Town a chance to focus on how this program works with their own employees, before it is launched to the larger community.
The Frisco Town Council authorized staff to amend the deed restriction acquisition program known as – Housing Helps 2.0 with Resolution 21-17. The goal is to incentivize real estate buyers and homeowners to deed restrict their property to maintain and sustain homes for locals in the community. The Town will pay buyers, businesses, current property owners, and investors to accept a deed restriction on homes that are currently unrestricted.
The amount that will be paid for a deed restriction will vary depending on the market and how well the home meets current needs in the community. The Town estimates that the value of the deed restriction may be in the range of 10-15% of the market value of the property. Participants may use the funds towards their down payment to purchase a property. In return, the recipients are required to execute an occupancy-only deed restriction (occupant must work 30 hours a week within one mile of the Ten Mile Basin) that will insure the property is used for local housing into perpetuity.
How to Apply:
In March 2017, Frisco Town Council made the decision to form a Housing Task Force consisting of community members with diverse backgrounds related to housing. The Housing Task Force had their first meeting on May 11, 2017 and were scheduled to meet twice a month for 6 months going forward (finished meeting in November 2017) . The goal of the task force was to assist the Frisco Town Council by creating a strategic housing plan for the short and long term workforce housing needs of the community. Areas of recommendation would include housing project priorities, code incentives and 5A fund strategies, among other issues.
Housing Task Force members were chosen by Town Council after a robust application and selection process and met together at times and in separate groups, one focusing on projects and the other focusing on policy.
In August 2017, the Projects group put together a charrette to look at 3 different Town owned parcels and presented the results to Town Council at an August work session. The results can be found in the Housing Task Force Charrette Overview.
In November of 2006 the voters authorized a County-wide 0.125% sales tax and a development impact fee for affordable housing purposes. This was renewed by voters in 2015 into perpetuity.
A new construction fund (5A) .6% tax was approved by Summit County voters in November of 2016 and ends in 2026 (10 years).
It is also likely that the Town of Frisco will utilize its Capital Improvement Fund for workforce housing projects as needed to augment what is collected through dedicated sales tax sources
Frisco’s land use regulations provide an incentive for the development of workforce housing units. The code allows for an unlimited number of additional “bonus” units within a development as long 50% of the additional bonus units are deed restricted. It works like this. Let’s say a property can build 10 residential units based on the density allowed for the zone district in which the property is located. The Town refers to these units as being allowed “outright”. The developer proposes 20 units instead of the 10 units allowed outright, for an additional 10 bonus units. This means that 50% of the bonus units (5 in this case) must be deed restricted for qualified employees who work at least 30 hours per week in Summit County.
Frisco has very permissive code provisions that allow accessory dwelling units in almost all zone districts. Accessory rental units allow land owners to have an extra unit of density on a property, allowing for the infusion of additional workforce units within the town and providing a source of income to land owners. Accessory dwelling units must be deed restricted to workers in the county.
The Town of Frisco and the Colorado Department of Transportation (CDOT) have partnered to develop plans for workforce housing at 619 Granite Street in Frisco. The approximately 0.58 acre site, was previously used as a mobile home park to provide affordable housing for CDOT employees. CDOT is now looking to redevelop the site in collaboration with the Town of Frisco as workforce rental housing – 619 Granite Street Workforce Housing Project.
There are several resources in Frisco and Summit County to help employees and community members with their long-term housing needs.
In September 2019, The Town Council approved a new Residential Housing Restrictive Covenant and Notice of Lien which any deed restricted owner has the option to opt in anytime in the future. Learn more and review the Frequently Asked Questions regarding this new covenant.