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WORKSHOP ITEM #15 A Partnership for Employee HousingJoint Powers AuthorityA Partnership for Employee HousingJoint Powers Authority December 5, 2018
Joint Powers Authority shortagepotential recruits decline offers due to the housing employees commute from outside of the Truckee area and some Many •large and small–The lack of affordable
and available housing is affecting businesses •rarerecruiting efforts and affordable housing is housing market in Truckee presents a significant challenge to The •Truckee Region Housing
Challenge-North Tahoe•BACKGROUND / HISTORY Employee Housing-Joint Powers Authority Employee Housing-
BACKGROUND / HISTORY Truckee Region.”-for those that live in the North Tahoe“Accelerate solutions for achievable local housing mission is to: The District participates in the Mountain
Housing Council whose •actively seeking solutionsThe District is immediately impacted by the housing situation and is •Employee Housing-Joint Powers Authority Employee Housing-Joint
Powers Authority
BACKGROUND / HISTORY Mountain Housing Council•Employee Housing-Joint Powers Authority Employee Housing-Joint Powers Authority
BACKGROUND / HISTORY 45%–the area TDPUD employees who live in •65% of units not occupied full time•33,300 existing housing units•Holiday population = 100,000•Full time population = 30,000•Truckee
Region Housing Challenge-North Tahoe•HousingEmployee -Joint Powers Authority HousingEmployee -Joint Powers Authority
NEW INFORMATION under considerationSeveral project options are •affordable employee housingThe JPA focus would be •Authority (JPA) with a small group of special districtsThe District
was recently approached to form a Joint Powers •Employee Housing–Joint Powers Authority Employee Housing–Joint Powers Authority
NEW INFORMATION an agreementformation requires JPA Either •Two or more agencies form a separate legal entity•Two or more public agencies via a contractual arrangement•Two ways to establish
a JPA•independentMay be legally •Joint exercise of common powers•Two or more public agencies•Legally created entity•Joint Powers Authority•Employee Housing–Joint Powers Authority Employee
Housing–Joint Powers Authority
NEW INFORMATION 4Agency3Agency2Agency1Agency JPA Financial commitment specified•Governance established•Powers defined•Contractual arrangement•agenciesparticipating Board approval from
•JPA requirements•Employee Housing–Joint Powers Authority Employee Housing–Joint Powers Authority
NEW INFORMATION Decide participation level•Evaluate project cost and feasibility•Identify project milestones•Hire a consultant to develop a JPA•StepsNext •Leveraging resources of other
special districts•Managing project risk through a separate entity / JPA•Capitalizing on need for employee housing•Opportunity with proposed JPA•Employee Housing-Joint Powers Authority
Employee Housing-Joint Powers Authority
FISCAL IMPACT consultant19 budget to pay for a JPA -Sufficient funds exist in the District’s FY18•This is seed money to perform further due diligence•$10,000 The initial District investment
for a JPA consultant should not exceed •Employee Housing-Joint Powers Authority Employee Housing-Joint Powers Authority
RECOMMENDATION Provide input and direction to staff•–Authority Joint Powers –Authority Joint Powers