Frisco Town Council has identified affordable workforce housing as one of their top three priorities, and is working on a comprehensive housing plan, which incorporates multiple strategies to insure employees are able to live where they work.
Rental resources are located in the accordion in the bottom of this page.
Why is workforce housing a challenge?
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.
The 2023 Summit County Housing Needs Assessment provided really useful information about Summit County as a whole, and in reaction, Frisco Town Council believed Frisco would benefit with a deeper dive into Frisco’s unique housing needs. Subsequently, Frisco recognized the need for a Frisco focused Strategic Housing Plan to responsibly invest future community resources to better support Frisco’s community members and businesses.
In October 2024, Town Council approved the Frisco Strategic Housing Plan, which grew out of a year-long, comprehensive, community-driven process to create the first community-wide strategic plan focused on housing. The plan identified the need for an additional 329 workforce units (151 ownership and 178 rental) over the next 10 years. These 329 units are in addition to the workforce units already in the pipeline for or in construction. The plan identifies 18 priority sites to meet these goals, which would require partnerships and public and private efforts for an approximate investment of $188 million in the next 10 years; these 18 sites may be identified in the plan as potential locations but there is no definitive plan to purchase or develop these sites at this time.
The goals of Frisco’s strategic housing planning process were:
To build off the 2023 Summit County Housing Needs Assessment by specifically pulling data from this report as it applies to Frisco. Utilizing this data and gaining further insight specific to Frisco to identify housing needs and gaps within the Town, identifying needed product types for new construction or conversions, and propose strategies for addressing the identified needs.
To evaluate the goal of having 50% of the housing units in Frisco occupied by year-round residents. This goal of 50% may need to be adjusted based on the findings of this study.
To evaluate the impacts of housing production on Frisco’s economy.
To provide a blueprint for the creation of effective policy and programs to support housing, maintain a healthy economy, provide effective community services, and maintain a high quality of life for our residents. To answer the question: “How do we plan and manage for residential growth in Frisco?” Through scenario planning, financial analysis, and an interactive buildout model supplied by the Strategic Housing Plan, the Town will have a focused road map on how to advance housing solutions based on current and future needs.
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.
The Town of Frisco has a program, Housing Helps authorized by Resolution 21-17, where the Town provides cash for a deed restriction in order to incentivize real estate buyers and homeowners to deed restrict their properties to maintain and sustain homes for locals working in the community. The Town in turn pays buyers, businesses, current property owners, and investors to accept a deed restriction on homes that are currently without a deed restriction.
What kind of deed restriction?
The most flexible type- recipients of Housing Helps assistance are required to execute an occupancy-only deed restriction, where occupants (owners or renters) must work at least 30 hours a week at businesses within one mile of the Ten Mile Basin- basically Copper, Frisco (including the hospital, County Commons, and the middle school), parts of Dillon, and Farmer’s Corner (including the high school).
There are often no income caps, no price appreciation caps, and no household size requirements as part of this occupancy-only deed restriction. The exception to this is when the Town purchases a unit for resale themselves and makes the decision to apply an appreciation and AMI cap.
10-15% of the value of the property- The Town estimates that the value of the deed restriction will likely be in the range of 10-15% of the market value of the property.
The amount paid for a deed restriction will vary depending on the market and how well the home meets the current needs in the community.
Participants may use the funds for ANYTHING, including using it as part of their down payment.
Program Options
Option 1: Town purchases a deed restriction from a new home buyer who can use that cash assistance for anything, including as down payment assistance. Buyers may include businesses or investors who want to rent their properties to occupants who work at least 30 hours a week at businesses within one mile of the Ten Mile Basin.
Option 2: Town purchases a deed restriction from a current property owner (including businesses and developers) and then this property has a deed restriction that limits occupancy to local workforce community members who work at least 30 hours a week at businesses within one mile of the Ten Mile Basin.
Option 3: Town purchases a market rate or existing deed restricted housing unit and resells the property with a deed restriction limiting occupancy to local workforce community members. Income caps, price appreciation caps, and/or household size limits may be imposed at the discretion of the Town if the property is purchased by the Town.
Option 4: Town provides financial assistance to a current property owner to construct an accessory dwelling unit that is deed restricted to local workforce community members who work at least 30 hours a week at businesses within one mile of the Ten Mile Basin.
Option 5: Town partners with Summit County to purchase a deed restriction from a current property owner (including businesses and developers) that limits occupancy to local workforce community members with no income cap, price appreciation cap, or household size requirement.
Option 6: Town can purchase a deed restriction from the current property owner who has lived in the property as a principal residence for at least the previous seven years. The restrictions limiting occupancy to local workforce community members would no longer apply, but requirements such as income work/live requirements (work more than 30 hours per week in the area) would apply to the next owner. This allows someone who is retired to place a deed restriction on their home for the next owner and still live in that home while retired.
If approved, Town staff will assist with processing the Housing Helps Purchase Agreement and Housing Restrictive Covenant
Process typically takes about 30-45 days, similar to a real estate transaction
The Town of Frisco works in partnership with the Family and Intercultural Resource Center (FIRC) to provide emergency rental assistance up to $600 per month. Eligible applicants must:
Must live or work in Summit County Colorado
Have a valid lease under their names
To determine the assistance amount, factors such as recent employment history, income level, the urgency of the assistance, any significant employment challenges, prior rent assistance received, and positive impact on the community will be evaluated.
Please fill out the form linked above completely and accurately and provide all necessary documentation, including a current lease with your name on it and proof of recent employment or income.
The Community Emergency Rental Application committee reviews applications on the third Wednesday of each month.
Thank you for considering our program, and we look forward to potentially providing you with the support you need. FIRC reserves the right to deny cases for any reason and prioritizes assisting individuals who have not received assistance from us previously.
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.
Summit Combined Housing Authority (SCHA). While SCHA does not directly connect renters to housing, the SCHA provides education, loan assistance, rental resources, and enables the sale of workforce housing. SCHA’s homebuyer class is a great place to start. Contact: 970-423-7040.
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.
Online Application Submittal Required through CommunityCore
Application fee is $200 and includes Clerk and Recorder recordation fees
