City Hall pegs worker housing at as low as $228K
City Hall has proposed to sell units in the Snow Creek Cottages work force housing development for between $228,000 and $264,000, a memo sent to Mayor Dana Williams and the Park City Council this week indicates.
The memo pegs two-bedroom units at the lower figure and three-bedroom units at the $264,000. Rhoda Stauffer, who is assigned to City Hall’s housing programs, wrote the memo and it was distributed in anticipation of a Thursday City Council meeting.
The prices have not been widely discussed, and it was not clear whether the numbers had been made public prior to the release of the memo.
According to the Satuffer memo, the less expensive of the units will be deemed affordable to someone earning approximately $60,000 annually, or 60 percent of the area median income. The more expensive ones will be affordable to someone earning approximately $70,000 each year, the memo said.
The Snow Creek Cottages development is under construction outside the Park Avenue police station. City Hall is building the development. It is the most ambitious brick-and-mortar work force project the municipal government has undertaken. The construction crews are putting up 10 three-bedroom units and three two-bedroom units.
City Hall is preparing to start the application process for the units, and staffers expect there will be more people interested than units available. A lottery is planned for the housing.
The memo projects key dates being:
Feb. 1-Feb. 26 for the application window.
Feb. 26-March 12 for the review of the applications
March 12 for City Hall to determine the eligibility of the people who applied
March 19 for the lottery to select buyers
April 15 for finalizing sales contracts
June 25 for sales closings
Two of the units will be set aside for a lottery among City Hall workers who are eligible.
There is a possibility the elected officials could briefly discuss the Snow Creek Cottages at a meeting on Thursday starting at 6 p.m. at the Marsac Building. The topic is not on the agenda, but the release of the memo could spur questions.
Meanwhile, people who want to participate in the lottery must meet criteria like being full-time employees of businesses within the Park City School District boundaries and living within the School District boundaries for the past two years.
People must agree to live in the units to be eligible. First-time homebuyers will have a better chance in the lottery, as will people who earn equal to or less than approximate $60,000 and $70,000 income figures. People who own property must sell their current place prior to closing on one of the units in Snow Creek Cottages.
Park City leaders have for years seen themselves as supporters of work force housing, oftentimes called affordable housing. They say the housing is needed for rank-and-file workers who would otherwise be priced out of Park City’s resort-driven real estate market, the most expensive in Utah. They say there are a number of other benefits as well, such as cutting commuter traffic by having people live close to their jobs.
For more information about the Snow Creek Cottages or the lottery, contact Stauffer at 615-5152 or email@example.com.
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