Frisco has 130 affordable housing units located in various developments around Frisco. Many of these units were made available because of incentives in Frisco’s land use regulations.
Peak One Neighborhood includes 69 homes, both single family and duplex. 61 of the units are restricted to families earning between 80-160% of the Area Median Income (AMI); 8 are market value; and all 69 of the homes are restricted to people in the local workforce. The Town of Frisco worked with Brynn Grey Partners to develop this twelve and a half acre town-owned parcel of land in the heart of Frisco. This project was completed in 2015. In 2016, Housing Colorado honored Frisco’s Peak One Neighborhood with the Eagle Award for its outstanding contribution to affordable housing in Colorado.
Town of Frisco Projects
Mary Ruth Place Project– In late 2016, Frisco Town Council decided to move ahead with this workforce housing project on Town owned land at 306 Galena Street. This project included the construction of nine new units of workforce housing: one studio, five 1-bedroom units and two 2-bedroom units. Four rental units were available for employees working in Frisco and/or the Ten Mile Basin area (the remaining four units were made available to Town of Frisco employees). The already existing 2-bedroom unit in the historic Mary Ruth House on this property was also improved and remains workforce housing. Funding for the units being built as rentals for Town of Frisco employees came out of the Town’s capital improvement fund, and funding for the units being rented to employees of Frisco businesses came from 5A revenues. The Town of Frisco currently manages these properties. These long term rental units have automatic lease renewals, and pets are allowed with permission. Construction was completed in November of 2018.
Coyote Village Townhomes– In June 2018, the Town of Frisco purchased four 1,000 square foot newly refurbished townhomes at 821 Pitkin Street. Each unit includes a fenced in yard and a two car garage. The Town purchased each unit for $425,00 and sold them for $332,553 (100% AMI). Two of the units were designated for sale to Town of Frisco employees, and the buy down of these units was funded through the Town’s capital improvement fund. The buy down for the two other units, which were made available to employees of Frisco or Copper Mountain businesses, were paid for with 5A revenues.
Private Development Projects
Basecamp Project– In February 2017, Brynn Grey, the developer of the Whole Foods/Basecamp Development, proposed building 25 units of workforce housing requiring an amendment to the real covenant and agreement related to pad 5 at the Basecamp Development to allow residential units on the 2nd floor or above. Residential uses were not listed as prohibited in the original covenant agreement for the Basecamp Development, nor expressly noted as a permitted use, and hence, the owner of the property, Brynn Grey, had to ask the Town of Frisco for an amendment to pave the way for 25 units of workforce housing. Part of the agreement with the Town included the stipulation that employees in the Ten Mile Basin must be given preference for these units. Brynn Grey purchased the land for the Basecamp development from the Town of Frisco to develop retail spaces, which now house Whole Foods and the Rio Grande Restaurant, as well as other businesses. Construction was completed in February 2019.
Foote’s Rest Project– This project at 510 Main Street consists of 70 hotel rooms, a bowling alley, a restaurant and other lodging amenities. Employee housing units are also planned as part of this project. Project completion is anticipated for 2022.
Summit County Government Projects in the Frisco Area
Lake Hill Project– The Lake Hill property, located along Dillon Dam Road in unincorporated Summit County and adjacent to the Town of Frisco, is a workforce housing project being spearheaded by Summit County. 436 housing units of a variety of types, including single family detached, duplexes, townhouses, and large multifamily buildings are contemplated. In 2000 the Town of Frisco identified this 44.81-acre parcel as a desirable location for affordable workforce housing. In 2011, Summit County took a lead on the acquisition of this property at the request of the Town of Frisco, and in 2016, Summit County purchased this land from the United States Forest Service.
In March 2017, Frisco Town Council discussed the Lake Hill Master Plan in a joint meeting with Summit County Commissioners. While there is much support for the plan, Frisco Town Council members noted unresolved concerns including but not limited to the following: traffic flow at Dillon Dam and Highway 9, the amount of proposed units and availability of water. There has been no request to annex this property into the Town of Frisco, but Summit County has involved Frisco in stakeholder planning throughout the process.
The Lake Hill Master Plan is intended to be a flexible guide, and there is a robust entitlement process still ahead before work can begin on building housing on this site, including the installing infrastructure. Construction would be in phases over a 15-20 year period of time. Summit County approved the Lake Hill Master Plan in July 2017, and a construction timeline has not yet been determined.
Goals of the Lake Hill Project include:
Having mix of housing styles and types, with both rental and ownership opportunities.