A PLAN FOR Affordable Housing
I propose a minimum 5% workforce housing tax on all vacation rental income - collected from the vacation rental guests.
These funds must be segregated from the general fund and can only be used by the County to purchase land for long term rentals or to purchase affordable/workforce housing.
Purchasers must stay in housing for a minimum of 5 years, and the infrastructure cost must be returned to the county, in order to perpetuate the program.
The County is then responsible for the construction of roads, and utility hookups, in a private/public co-op program.
These funds can also be used to purchase modular housing, or to provide materials for construction, in partnership with our local non-profit organizations.
I propose that we take a serious look at vacation rental fees, and let's call them what they are - a tax. Let's treat them as such, vote on them - and reclaim the funds that are currently being wasted on unnecessary administration and use them for affordable housing instead.
Based on rental receipts and current licensed rentals, I estimate that these two simple policies could easily generate $1.5 million annually in revenue to further support affordable housing.
Full Disclosure: I am a rental operator in Archuleta County. I am sure that some of my fellow operators will not be fond of this, however - if we don't take action ourselves, there is a real risk that the state will step in and mandate such actions and collect the revenue for themselves - instead of keeping it in our community.
Let's get down to it:
Let's simplify rental codes, and use the funds from vacation rentals wisely - instead of overstaffing County offices, alienating our rental operators, and outsourcing the complaint desk.
Ethics Matter. Character Counts.
info@kenbowlesforcommissioner.com
1-505-449-7721