SUBJECT:
Title
Housing Needs Assessment Requirement of SB24-174
Department
DEPARTMENT: Planning & Development
Presenter
PRESENTER(S): Eric Leveridge, Housing Management Analyst
end
Time
TIME ESTIMATE: 30 minutes
end
Fiscal
FISCAL SUMMARY:
Cost as Recommended: N/A
Balance Available: N/A
Line Item Number: N/A
New Appropriation Required: No
Policy
POLICY ISSUES:
SB24-174 requires communities to take steps towards planning for affordable housing. The Town of Erie can participate in a regional approach to fulfill this requirement.
Recommendation
STAFF RECOMMENDATION:
Town Council provide comment on and use the Regional Housing Needs Assessment developed by the Denver Regional Council of Governments (DRCOG) to comply with the housing needs assessment requirement of SB24-174.
Body
SUMMARY/KEY POINTS
* Erie is required by SB24-174 to create a Housing Needs Assessment that meets new State criteria.
* Erie's 2023 Housing Needs Assessment does not meet State criteria.
* The Council can consider and comment on the DRCOG Regional Housing Needs Assessment (DRCOG/HNA) at a public meeting to comply with SB24-174.
* It's not necessary to approve or adopt the DRCOG/HNA, just have a public meeting to consider and comment on it.
BACKGROUND OF SUBJECT MATTER:
The Town of Erie can meet compliance requirements of SB24-174 by conducting a presentation of the DRCOG Regional Housing Needs Assessment and submitting comments to DRCOG by September 12th as outlined in the staff report.
The Town released its Housing Needs Assessment in February 2023, and an addendum was added in May 2024. The criteria for compliance with SB24-174, passed in the 2024 legislative session, were finalized in December 2024. The Town's Assessment fell short of the State's criteria in three key areas:
1. The Town's Assessment does not fully examine the relationship between housing and the job market. While the Town's Assessment has some analysis of local salari...
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