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HomeMy WebLinkAbout7, Regional Housing Council ACTION ITEM #Tahoe Regional Housing CouncilParticipating in Truckee North Tahoe Regional Housing CouncilParticipating in Truckee North April 5, 2017 7 Participating in Truckee North Tahoe Regional Housing Council jurisdictional effort -Multi•Formation of housing entity to create action plan•Concluded with a series of recommendations•Across almost all income ranges•Identified a severe lack of diversified housing stock•Led by Tahoe Truckee Community Foundation (TTCF)•2016 regional housing study•Barrier to hiring and retaining employees•Can impact emergency response times•>50% live outside of community••Lack of local housing an issue for a long time•BACKGROUND / HISTORY Participating in Truckee North Tahoe Regional Housing Council NEW INFORMATION Tracking and communicating progress and results•andPartnering with developers, financial institutions, and public funders;•Reviewing and streamlining of permitting and fees;•Inventorying potential lands for locals housing;•Developing housing targets by income level;•Council would develop goals, including:•landComprised of decision makers from employers, local government, and •solutionsPurpose is to develop and implement action plan to accelerate housing •Truckee North Tahoe Regional Housing Council•Participating in Truckee North Tahoe Regional Housing CouncilParticipating in Truckee North Tahoe Regional Housing Council NEW INFORMATION Staff are recommending $7.5K/year ($22,500 total)•District has been asked to provide $10K/year ($30K total)•or are Remaining key stakeholders have pledged •Nevada County ($25K), and othersAirport District ($150K), Tahoe Truckee Unified School District ($30K), Significant commitments from Town of Truckee ($150K), Tahoe Truckee •TTCF acts as fiduciary and organizer plus coordinate work•year effort, $750,000 total-3•Tahoe Truckee Community Foundation proposal•Capital funding strategies•Resident assist programs•Regional policy•Council would develop a Regional Action Plan•Participating in Truckee North Tahoe Regional Housing CouncilParticipating in Truckee North Tahoe Regional Housing Council FISCAL IMPACT Proposed FY18 & FY19 budgets would include this expense•Sufficient funds exist in the FY17 budget•total amount of $22,500Regional Housing Council would be $7,500/year for three years for a Proposed direct financial support of the Truckee North Tahoe •Participating in Truckee North Tahoe Regional Housing CouncilParticipating in Truckee North Tahoe Regional Housing Council RECOMMENDATION Truckee North Tahoe Regional Housing CouncilTruckee Community Foundation to support and participate in the three years, for a total amount not to exceed $22,500 to the Tahoe , for a period of to approve $7,500/yearAuthorize the General Manager •Participating in Truckee North Tahoe Regional Housing CouncilParticipating in Truckee North Tahoe Regional Housing Council