If you take a look at the metrics to date, the private sector has built over 90% of the existing workforce housing. Given that 90% fact, I will work to help the private sector continue to build the lion’s share of new workforce housing.
There isn’t one silver bullet that will solve all of our housing troubles. It’s going to take the efforts of the Housing Trust, Habitat for Humanity, and the private sector working in concert with one another.
We should enact a “feebate” system for residential building permits — if the new unit is permanently deed restricted for workforce housing.
Free-market owners already housing pay a fee into a fund for workforce housing.
We can use this money to pay rebates to a people building or creating new, deed-restricted workforce housing that is beyond what is required.
This would simply be a check written to the owner when the Certificate of Occupancy is issued and the permanent restriction is in place.
The Fire and Police departments, St. Johns Hospital, the Teton County School District, and the Town and County could have the first right of refusal on these deed-restricted homes
Time is Money
Time is money, so why not fast tract quality, private sector proposals that create workforce housing without the use of taxpayer dollars?
If our goal is to build housing, we should enable internal staff reviews to be faster in order to get more private sector workforce housing projects done.
It’s going to take all different types of housing to help with the housing crisis. Market rate and affordable rentals, deed restricted housing, employment based housing, caretaker apartments, and accessory units will all help in keeping our workforce local.