PZC Packet 081026A
Avon
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AVON PLANNING & ZONING COMMISSION
Meeting Agenda
Monday, August 10, 2026
Public Meeting Begins at 5:30 PM
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To join meeting via phone, dial (945) 468-5504 and enter conference ID: 477 057 969#
1. Call to Order and Roll Call (Chairperson) — 5:30 PM
2. Approval of Agenda
3. Disclosure of any Conflicts of Interest or Ex-Parte Communication Related to Agenda Items
4. Public Comment — Comments are Welcome on Items Not Listed on the Following Agenda Public
Comments are limited to three (3) minutes. The speaker may be given one (1) additional minute
subject to Planning and Zoning Commission approval.
5. Public Hearing
5.1. CPA26-001 Community Housing Plan Updates (continued from July 13 meeting) — Jena
Skinner, Planning Manager
6. Consent Agenda
6.1. July 13, 2026 Planning and Zoning Commission Meeting Minutes
6.2. Record of Decision: MNR26-010 Exterior Remodel at 5580 Coyote Ridge
7. Future Meetings
7.1. August 24, 2026
7.2. September 21, 2026
8. Recently Approved Applications
9. Staff Updates
10. Adjourn
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ACCOMMODATION, PLEASE CONTACT THE COMMUNITY DEVELOPMENT DIRECTOR, MATT PIELSTICKER, AT (970) 748-4413 OR MATT@a AVON.ORG WITH
YOUR REQUEST. REQUESTS SHOULD BE MADE AS SOON AS POSSIBLE BUT NO LATER THAN 72 HOURS BEFORE THE SCHEDULED PUBLIC EVENT.
TO: Planning and Zoning Commission
FROM: Jena Skinner, AICP, Planning Manager
RE: PUBLIC HEARING: Avon Community Housing Plan Avon
CPA26-001 Comprehensive Plan Amendment
DATE: August 7, 2026 C 0 L 0 H A D 0
SUMMARY: This report presents to the Planning and Zoning Commission ("PZC") a Comprehensive Plan
Amendment ("CPA") application to modify and or update certain provisions of the Avon Community Housing
Plan ("Plan"). The Plan ("Attachment A") is a supplemental document to the Town of Avon Comprehensive
Plan. Staff's goal is to replace the existing document in its entirety. As such, a redline of the changes is not
proposed as there is too much being affected. The PZC will make a recommendation to Council for the
proposed changes. The PZC first heard this Plan at the June 8, 2026, and then on June 22. Versions of
the previous Staff Reports and Draft Plan iterations can be found HERE on the avon.org website.
DISCUSSION:
The PZC thoughtfully reviewed the key discussion points presented by Staff in the previous meeting report
of July 13, 2026, which included components for Inclusionary Mitigation, Employee Mitigation, and Short
Term Rentals, along with updated to the general plan language. The PZC made a recommendation to
Council to approve the plan, with the condition that Staff incorporate, "...stronger language ... to support very
low income and low income households as well as environmental and climate justice" prior to proceeding to
Council for first reading of the associated Ordinance. Staff added new language with copy to the PZC. In
response, Staff received additional and more specific commentary and feedback with additional
recommended language beyond what was written by Staff, post meeting.
NEW UPDATES: Upon receiving the recommendation from the PZC, Staff added additional language, in
response to the PZC recommendation. The following language was added to the plan:
Under Objectives
Avon has identified the following objectives:
1. Maintain or increase the percentage of year-round residents; currently 56% of all dwelling units
in Avon are occupied by year-round residents.
2. Provide affordable housing for lower income households in proportion to the housing
needs for various income levels stated in the Housing Needs Assessment.
3. Prioritize available Community Housing funds annually based on funding and partnership
opportunities, cost of projects and programs, assessment of specific unmet housing needs,
consideration of other residential projects in the Eagle River Valley, and assessment of Avon's
capacity to efficiently manage projects and programs.
4. Explore opportunities for additional dedicated funding sources to sustain the Community
Housing Fund, particularly through regional partnerships and the formation of a regional
housing authority.
5. Increase deed restricted homeownership opportunities with a priority for households making
equivalent of 140% or less of the Area Median Income ("AMI") through the Mi Casa Avon,
Good Deeds Avon, and other housing programs and regulations. For example, a two -income
household earning 140% AMI ($155,000) may be able to afford a home price of $620,000 in
2026.
6. Grow the inventory of homeownership and "missing middle" inventory, in place of additional
970-748-4023 jskinner@avon.org
Page 1 of 6
rental housing stock, to create a more balanced portfolio with a long-term goal of more home
ownership opportunities.
7. Prioritize price point, focusing on the 80-140% AMI level, as well as finish quality and
amenities that are attractive to right -sizing households, when considering new rental
development. This includes growing households upsizing their housing and seniors
downsizing their housing.
8. Maintain or increase the percentage of Qualified Employees residing in Avon.
9. Partner with other communities, non-profit entities (i.e. Habitat for Humanity, Town of Vail,
Eagle County), Private Affordable Housing Developers, and Private employers to financially
support new Community Housing projects and programs.
10. Aggressively pursue available grant funding to support Community Housing projects and
programs, including public infrastructure improvements that benefit or support Community
Housing projects.
11. Achieve environmental and climate action equity to ensure that low income and
marginalized communities do not suffer disproportionate impacts or burdens from
Community Housing projects, programs and policies.
Under Housing Cost & AMI
Housing Cost •& •¶
Area -Median income -(AMI)II
2025-Average-Wage:-$52,900-1-2025-Median-Home -Price:-$1,11
¶Y•2026 -Income -Limits •Summary• — -Eagle -Coun ty(Hl/D}¶
It is important to review the availability of properties that are attainE
through the Vail MILS for local residents and evaluate the percentage
homes purchased for primary residency in these neighborhoods T
were 91 sales in 2025, the median price for all dwelling units sold
Town of Avon (excluding Mountain Star) was S1,110,000 Of th
sales, 48%were purchased with cash, an indicator that those home w
purchased as second homes, investment properties, relocating re rE
or for use as short term rentals Condominiums accounted for 7
these sales, with a median price of S864,000 The median price for s
family dwellings, duplexes, and townhomes was $2.150,000
household earning 2 average weekly wages makes approxima
$105.800 per year This income cannot support mortgage payments
any median priced dwelling units in Avon ¶
the
e91
of
A
AMI is used by other local entities
as well For instance, Avon
partners and contributes to the
Walking Mountains Science
Center, and through supporting
this non -profit's energy
programming, they have 'income
and community priority
qualifications' for certain rebates
and incentives for households up
to 150%-AMIJI
Learn More at ¶
Walking "if
Mountains 01
The rental market is similarlychallenging for local residents -Between 200 021, the aver parental
rates rose 48%across the Eagle River Valley Vacancy rates have approached zero, ant rental projects
have experienced an accelerated cost as compared to increases in the consumer price index Market rate
rental projects in Avon have advertised rental rates up to $2,509 fora studio, $3,992 for a 2-bedroom unit. and
over$5,397 per month for a 3-bedroom unit, byyear-end2025 With a per bedroom median price of around
$1,900, overcrowding and in -commuting are increasingly common ¶
CPA26-001 — Avon Housing Plan
August 10, 2026
Page 2 of 6
Under Strategies (before Projects):
Housing Needs by Household Incomes
The overall mix of Community Housing projects, programs, and policies should provide housing across
the household income spectrum in proportion to the housing needs identified in the HNA. Particular
attention must be given to the housing needs of lower -income households, who are more vulnerable
and are often underrepresented. Evaluation and reporting on the different household income levels
served by new Community Housing, compared with the needs stated in the HNA, should occur
annually. Consideration should be given to other affordable housing projects in the Eagle River Valley
that may serve households at a varietv of income levels.
Environmental and Climate EquityM
Community Housing projects, programs, and policies should evaluate the potential for disproportionate
environmental burdens and impacts on lower -income households and marginalized communities that
may result from such housing activities. Evaluation should include proximity to and connection with
public transit, public facilities, and amenities; proximity to and connection with grocery stores and
neighborhood commercial establishments; inclusion in and integration with existing and adjacent
neighborhoods; and the incorporation of inclusive processes designed to increase participation by
underrepresented communities.
Footnote: I' ]Environmental and climate equity in community housing ensures that marginalized, low-income,
and historically redlined communities are not disproportionately burdened by climate change hazards. It
involves creating safe, permanently affordable, and climate -resilient housing that reduces carbon footprints
while actively improving public health
After proposing these edits, Staff received feedback expressing concerns about using stronger language to
specifically identify groups with extremely low and low incomes as a priority within the plan.
Comprehensive community plans typically identify housing needs along a continuum —from supportive
shelter for those experiencing homelessness to workforce rental apartments and market -rate
homeownership. Guided by the Housing Needs Assessment, Avon wishes to emphasize in this plan a
commitment to addressing housing needs across the entire economic spectrum, rather than focusing solely
on a single income bracket. This approach recognizes the importance of every housing group and values
each as essential to the community. While individuals and families with the lowest incomes often face
greater challenges and may require more support from government programs and non -profits, Avon is
dedicated to considering the needs of all AMI levels, understanding that every income group contributes to
the town's economic, social, and overall well-being. Rather than prioritizing one income level over another
in this generalized plan, Avon aims for an inclusive strategy. However, in future projects or at the regional
level, it may be appropriate to focus more specifically on certain AMI levels. Should Avon, Eagle County,
and other jurisdictions form a Regional Housing Authority, there may be expanded opportunities for housing
programs that address a broader range of needs.
Staff has chosen to keep the language within the Plan general, providing guidance while allowing flexibility
for Avon's housing efforts. This approach supports pursuing funding for projects that are both practical and
feasible. The following example demonstrates how the Plan's language can maintain a focus on supporting
more vulnerable groups while remaining adaptable:
CPA26-001— Avon Housing Plan
August 10, 2026
Page 3 of 6
Examples of Best Practice Language
Specific Phrasing
New/Best Practice Phrasing
Why it Works
"Housing for the extremely
low-income"
"Housing options for all stages of life"
Normalizes housing transitions.
"Affordable housing project"
"Mixed -income community investment"
Emphasizes neighborhood growth.
"Subsidized or vulnerable
"Our local workforce and seniors"
Connects residents to their
residents"
community roles.
"Low-cost apartments"
"Attainable and diverse housing types"
Focuses on design and
accessibility.
If the PZC feels that additional language is necessary, Staff requests that the PZC decide on a
recommendation with specific language if different from what is proposed.
RECOMMENDED FINDINGS:
GENERAL CRITERIA FINDINGS:
1. The development application is complete.
2. The development application provides sufficient information to allow the reviewing authority to
determine that the development applications comply with the relevant review criteria.
The development application complies with the goals and policies of the Avon Comprehensive Plan;
and
4. The demand for public services or infrastructure exceeding current capacity does not require
mitigation at this time as there is no development application accompanying this Comprehensive
Plan Amendment that results in a physical project that utilizes public services or infrastructure.
COMPREHENSIVE PLAN FINDINGS:
1. The proposed Plan amendment is compatible with the goals and policies of the entirety of the Avon
Comprehensive Plan while recognizing that Avon's unique housing goals, policies, and community
housing needs have evolved, requiring this update.
2. This amendment complies with the Review Criteria outlined in Section §7.16.030(c) of the
Development Code and offers increased support for Community Housing efforts and good planning
by the Town of Avon.
3. The proposed Plan provides guidance for planned and orderly use of land and in encouraging a
high quality of place for the community; and
4. The proposed amendment promotes the health, safety, and welfare of the Avon Community by
supporting coordinated development using a tool like the Housing Plan for its long term vision.
CPA26-001— Avon Housing Plan
August 10, 2026
Page 4 of 6
OPTIONS: The PZC has the following options with the Application:
Recommend Approval of the Plan, as drafted
Recommend Approval of the Plan, with changes
Continue the Public Hearing to a specific date
STAFF RECOMMENDATION: I recommend the Planning and Zoning Commission provide specific
recommendations on the Plan to Council, if this group feels it is appropriate to expand the language as
presented.
TOWN MANAGER COMMENTS: I appreciate the concern for low-income households and environmental
and climate equity that Planning and Zoning Commissioner Waters seeks to emphasize. Jena and I
propose revisions that we believe appropriately capture those concerns for a planning document. In my
opinion, the additional language revisions proposed by Commissioners Waters is too specific and
prescriptive which can be read as prioritizing low-income household levels over other household income
levels. In some instances the proposed revisions pull in additional language from the Regional Housing
Needs Assessment which Jena and I believe is best referenced generally in Avon's Community Housing
Plan document.
My specific concerns with the proposed additional revisions include the following:
(1) In my experience, plan language which is too specific or prescriptive can result in debates that a
proposed project or program is "not incompliance with the plan".
(2) Avon does not have the financial resources to provide housing in the 30% to 80% AMI range at the
volume of residences proposed. There is potential and pending efforts to create more dedicated
funding sources regionally, but it does not exist today.
(3) Realization of specific Community Housing projects will depend upon the financial resources and
costs and interested partners at the time that projects occur. Required public subsidies are
significant for any Community Housing project at all income levels.
(4) The concepts of environmental and climate equity are based on the fair treatment of all people;
however, in my opinion, there is not substantive environmental or climate inequity in Avon like there
is in urban areas or inequity which occurs internationally that has given rise to these principles and
considerations. Avon has adopted policies that new Community Housing projects must be all -
electric net zero and Avon is an active participant and financial supporter of weatherization
programs that support low-income households.
RECOMMENDED MOTION: `7 recommend Council approve the proposed Avon Community Housing Plan
update based on the findings presented in Staffs report."
Thank you, Jena
ATTACHMENT A: Proposed Avon Housing Plan Update
ATTACHMENT B: Comments from PZC Member
CPA26-001— Avon Housing Plan
August 10, 2026
Page 5 of 6
LINKS: JULY 13.2026. REPORT
JUNE 22, 2026, REPORT
JUNE 8, 2026, REPORT
EXISTING AVON COMMUNITY HOUSING PLAN
AVON HOUSING WEBSITE
HOUSING NEEDS ASSESSMENT
AVON MUNICIPAL CODE TITLE 7
CPA26-001 — Avon Housing Plan
August 10, 2026
Page 6 of 6
ATTACHMENT A
Avon
Community
Housing Plan
2026
t#
— . - Heart of the Va-IIey
- s
Table of Contents
Introduction....................................................................................................................................................................1
Goals..............................................................................................................................................................................
2
Objectives......................................................................................................................................................................2
Demand.........................................................................................................................................................................4
Housing Cost & Area Median Income (AMI)..................................................................................................................6
Strengths& Assets.........................................................................................................................................................8
TheAspens: Community Preservation.........................................................................................................................16
AppendixA: Housing Projects......................................................................................................................................18
Appendix B: Implemented Community Housing Strategies..........................................................................................30
AppendixC: Incomes...................................................................................................................................................32
AppendixD: Definitions & Best Practices....................................................................................................................33
Appendix E: Housing Needs Analysis..........................................................................................................................35
Approved by Town Council Ordinance [INSERT NO]
Introduction
The Avon Town Council recognizes the severe lack of affordable housing opportunities in the Eagle River
Valley. Reasonably attainable and available housing opportunities are critical for Avon to maintain its authentic
town character and to support the current and next generation's participation in the Avon community.
Workforce housing is necessary to support the many businesses located in Avon that create Avon's vibrant
character. A variety of Community Housing types to meet residents at a variety of life stages and income levels
is necessary to retain a sense of community.
The Avon Community
Housing Plan is an extension of
the Avon Comprehensive Plan. It
provides a high level overview of
the housing supply and demand
conditions in Avon, at a point in
time, and defines goals and
strategies to address the needs
and demands contained within.
The Eagle River Valley Housing
Needs Analysis ("HNA"), a
comprehensive report also
conducted periodically, provides
in-depth, detailed information on
the economic and social factors
comprising those housing
conditions in Eagle County. The
Avon Community Housing Plan
uses information from the HNA to
form its goals and strategies.
The Town of Avon Comprehensive Plan provides Avon
overarching guidance for the entire town
Extensions of the
Comprehensive Plan ' •
Community Three -Mile
Housing Plan
Plan Sun Road East Town
Redevelopment Center
Sub -Area Plan Plan
Plans
Authority Urban West ,
wn
Plans Renewal Center
Plan (URA)
Investment
Plan (WTC)
Associative
Plans Town Owned Properties Harry A. Nottingham Park Plan
Sustainability Plan Walkability Plan
Multimodel Transportation Plan Climate Action Plan
EV Readiness Plan EC Community Wildfire Protection Plan
This 2026 Avon Community Housing Plan updates the prior 2021 Plan by recognizing the successes and
accomplishments over the last five years while acknowledging the ongoing challenge of meeting the housing
needs of the Avon Community. This 2026 Plan defines the Community Housing goals, objectives, plans, and
strategies for the Town of Avon over the next several years.
"Avon's vision is to provide a high quality of life, today and in the future, for a diverse
population; and to promote their ability to live, work, visit, and recreate in the
community."
-TOWN OF AVON COMPREHENSIVE PLAN
Page 1 of 35
The potential community benefits of increasing Community Housing efforts include:
• More housing choices;
• Increased economic stability and a more active year-round economy for local residents and
businesses;
• Greater ability to retain individuals and families throughout life and career phases, strengthening the
sense of community, opportunity, and quality of life;
• Increase Community Housing supply for job recruitment and retention purposes;
• Create Community Housing in closer proximity to job centers with pedestrian connections and transit,
in alignment with the Climate Action Plan goals; and
• More full-time residents to sustain arts, culture, social, and recreational activities.
Goals
Avon has identified the following goals:
Goal 1: Achieve a diverse range of housing densities, styles, and types, including rental and for sale, to
serve all segments of the population.
Goal 2: Coordinate with neighboring communities to provide and financially support an attainable
housing program that incorporates both rental and ownership opportunities, affordable for local
households.
Goal 3: Provide and support Avon's share of Community Housing units as identified in the 2025 Eagle
County Regional Housing Needs Analysis by 2035.
Objectives
Avon has identified the following objectives:
1. Maintain or increase the percentage of year-round residents; currently 56% of all dwelling units in
Avon are occupied by year-round residents.
2. Provide affordable housing for lower income households in proportion to the housing needs for
various income levels stated in the Housing Needs Assessment.
3. Prioritize available Community Housing funds annually based on funding and partnership
opportunities, cost of projects and programs, assessment of specific unmet housing needs,
consideration of other residential projects in the Eagle River Valley, and assessment of Avon's
capacity to efficiently manage projects and programs.
4. Explore opportunities for additional dedicated funding sources to sustain the Community Housing
Page 2 of 35
Fund, particularly through regional partnerships and the formation of a regional housing authority.
5. Increase deed restricted homeownership opportunities with a priority for households making
equivalent of 140% or less of the Area Median Income ("AMI") through the Mi Casa Avon, Good
Deeds Avon, and other housing programs and regulations. For example, a two -income household
earning 140% AMI ($155,000) may be able to afford a home price of $620,000 in 2026.
6. Grow the inventory of homeownership and "missing middle" inventory, in place of additional rental
housing stock, to create a more balanced portfolio with a long-term goal of more home ownership
opportunities.
7. Prioritize price point, focusing on the 80-140% AM] level, as well as finish quality and amenities that
are attractive to right -sizing households, when considering new rental development. This includes
growing households upsizing their housing and seniors downsizing their housing.
8. Maintain or increase the percentage of Qualified Employees residing in Avon.
9. Partner with other communities, non-profit entities (i.e. Habitat for Humanity, Town of Vail, Eagle
County), Private Affordable Housing Developers, and Private employers to financially support new
Community Housing projects and programs.
10. Aggressively pursue available grant funding to support Community Housing projects and programs,
including public infrastructure improvements that benefit or support Community Housing projects.
11. Achieve environmental and climate action equity to ensure that low income and marginalized
communities do not suffer disproportionate impacts or burdens from Community Housing projects,
programs and policies.
Moderate Middle
Income Income
•
Low ' Upper Middle
Income Income
•
33% 10� •
27%Very Low
S9 i
Income ��StpfEED' MOSTgHigh
ch/,I- - ���J.
' ' Income
1458 HOMES NEEDED BY 2035* °
*2025 Housing Needs Assessment
TOWN OF AVON o
SPECTRUM OF HOUSING NEEDS (2026)
Page 3 of 35
Demand
Free market real estate values and rents have
escalated faster than wage growth over the last 15
years, especially during the COVID-19 pandemic,
resulting in a severe shortage of reasonably
attainable and available housing.
As of 2025-2026, a significant shortage of
affordable housing persists as housing costs have
substantially outpaced local wages. Renters and
low- to median -income households are frequently
cost -burdened or severely cost -burdened, with
many spending more than 50% of their income on
housing.
• Across numerous regions, median rents and home
prices have increased at a rate surpassing that of
average incomes. In Eagle County, survey and
focus group participants reported that rents were
consistently between $1,500-$2,000 per bedroom.
That translates over 3 median wages needed to
rent a 3 bedroom unit priced at $4,500 or more.
Wages: Eagle County's 2026 Area Median
(Household) Income is $111,000, while the per
COLORADO
HOUSING
MARKET vs.
WAGE GROWTH
(Last 15 Years)
Free Market
Real Estate Values
or
Median
Rents
or
THE
RDABILITY
GAP
Median Wage
Growth
capita income is just over $62,0001.
. Surging Home Prices: The median home sales price in Eagle County (excluding resort areas) was
$1,060,863 by YE 2025. Avon alone experienced a median sales price of $1,110,000 during that same
time period.
Extreme Affordability Gap: The Affordability gap compares the mortgage an average household can
afford with the median home price. As of 2026, the average 2-income household can afford
approximately a $444,000 home, compared with the YE 2025 median -priced home in Eagle County at
$1,060,863. This leaves an Affordability Gap of $616,863.
High Costs vs. Low Wages: In this resort community, the majority of the county's largest volume of
professions (including hospitality, retail and food service) offer salaries below $40,000 per year.
Rental Market Distress: Rental rates increased by 48% between 2007 and 2023, with studios (700-
900 sq ft) costing up to $2,500 by YE 2025.
Supply Shortage: The 2025 Eagle County Regional Housing Needs Analysis identified a need for
6,375 affordable housing units across Eagle County, within 10 years to meet the current demand.
Avon's share of that shortage is 1,458 units.
I AMI is the accepted metric and does not always accurately reflect true wages of local workers. There is no alternative metric that
removes part-time resident income from AMI.
Page 4 of 35
Emergency Shelter Transitional Housing Supportive Housing
Ownership - Market
Rent - Income Ltd. Restricted Rental Income Ltd. Restricted Ownership Market Rental Ownership
Prevention, Rapid Housing Supportive /
Community Housing
Community Housing Community Housing
Diversion Shelter Scattered
Capital, Grants / Capital, Grants /
Loans, Subsidies Loans, Subsidies ,
0-30%AMI
30-60%AMI
60-120%AMI 60-80%AMC 80-14 AO/ M
Partner Organizations:
Federal Program
Government Involvement: -in
Eagle County Homeless Services I Catholic Charities I
LIHTC I HUD
Public / Private Partnerships J Habitat for H
� Salvation Army I Bright Future Foundation
USDA
Avon Community Housing Projects
"Housing Continuum" Illustration for Eagle County (Generally)
Factors Driving the Housing Crisis:
♦ Second Home Market: Over 31 % of housing units in the county are used by part-time residents or are
vacant. In Avon, 44% of housing units are vacant or used by part-time residents.
♦ Desirability: The high quality of life attracts remote workers, second homeowners and relocating
retirees who can afford prices higher than what local service -based workers can afford, increasing the
competition and demand for the limited housing stock available.
♦ Geography & Land Limits: Limited buildable land restricts the supply, further driving up costs.
Couple that with a lack of Town -owned land and topographically challenging sites, the results for new
construction rely on market price land costs with extremely expensive construction costs, adding to the
cost gap between building new units and their affordability to locals, without extreme subsidy.
The lack of Community Housing is creating the following challenges:
♦ Employers struggle with unfilled positions, increased turnover, higher training costs, and lost productivity,
especially with long-term management positions;
♦ Continued increase in home prices that are well beyond the financial means of most local residents;
♦ Loss of historically affordable purchase options or long term rental availability due to short term rental (STR)
use, second home use, and retirees relocating to Eagle County;
♦ Extremely low vacancy rates in rental markets, resulting in limited choices and rising costs for renters;
♦ Negative socio-economic impacts on individuals and families, who are spending a disproportionate amount
of their income on housing, commuting long distances, and living in locations or situations that are not
sustainable for the long term;
♦ Lack of opportunities for returning local family offspring who grew up in Eagle County to secure housing in
the place they consider home.
♦ Lack of opportunities are forcing many renters who wish to buy a home, or persons with expanding families,
to move away from the area to find more affordable options.
Page 5 of 35
Housing Cost &
Area Median Income (AMI)
2025 Average Wage: $52,900 12025 Median Home Price: $1,110,000
FY 20261ncome Limits Summary — Eagle County (hLQD
It is important to review the availability of properties that are attainable
through the Vail MLS for local residents and evaluate the percentage of
homes purchased for primary residency in these neighborhoods. There
were 91 sales in 2025, the median price for all dwelling units sold in the
Town of Avon (excluding Mountain Star) was $1,110,000. Of those 91
sales, 48% were purchased with cash, an indicator that those homes were
purchased as second homes, investment properties, relocating retirees,
or for use as short term rentals. Condominiums accounted for 78% of
these sales, with a median price of $864,000. The median price for single
family dwellings, duplexes, and townhomes was $2,150,000. A
household earning 2 average weekly wages makes approximately
$105,800 per year. This income cannot support mortgage payments for
any median priced dwelling units in Avon.
AMI is used by other local entities
as well. For instance, Avon
partners and contributes to the
Walking Mountains Science
Center, and through supporting
this non -profit's energy
programming, they have "income
and community priority
qualifications" for certain rebates
and incentives for households up
to 150 % AMI!
Learn More at
Wallcing
Mountains
The rental market is similarly challenging for local residents. Between 2007 and 2021, the average rental
rates rose 48% across the Eagle River Valley. Vacancy rates have approached zero, and recent rental projects
have experienced an accelerated cost as compared to increases in the consumer price index. Market rate
rental projects in Avon have advertised rental rates up to $2,509 for a studio, $3,992 for a 2-bedroom unit, and
over $5,397 per month for a 3-bedroom unit, by year-end 2025. With a per bedroom median price of around
$1,900, overcrowding and in -commuting are increasingly common.
To meet the needs of local employees in the Eagle River Valley, the 2025 Eagle County Regional Housing
Needs Analysis estimates that 6,375 additional dwelling units will be required by 2035. In the "mid -valley",
which includes EagleVail, Avon, and Edwards, 2,586 dwelling units will be needed to accommodate the net loss
of affordable housing units and projected population and job growth. In Avon alone, that need is 1,458 units, or
about 25% of the regional need. It is anticipated that subsidies or public/Private partnerships will be required
to make it financially feasible to construct or preserve a majority of these dwelling units.
Avon and the rest of the "mid -valley" are highly desired locations for local residents. The community survey
of Eagle River Valley households, conducted along with the Eagle County Regional Housing Needs Analysis,
found that 53% of renters and 42% of owners selected "mid -valley" as their first choice for place to live.
Page 6 of 35
Job Centers Map — Housing Needs Assessment
The concentration of employment and job centers in the upper -valley and mid -valley areas of the county
poses specific challenges. The narrow valley floor surrounded by federally protected lands has been developed
for the most part. The remaining parcels identified for new development have challenging terrain (sloped,
narrow, asymmetric). Avon is also identifying areas for redevelopment and strategizing which of its parcels to
reclassify for housing redevelopment. Both options add considerable cost to construction and are factors in
the higher AMI limits suggested for Eagle County, especially for Avon.
Page 7 of 35
Strengths &Assets
Avon can build upon existing assets and previous
housing initiatives, including:
♦ Implementation of the Mi Casa Avon Resident Occupied
deed restriction purchase program, with 56 units added
between 2020 and 2025.
♦ Partnership with Eagle County for Good Deeds Avon
Price Capped deed restriction purchase program, with
10 units added since its inception in 2025.
♦ Updates to the Avon Community Housing Policies to
stay current with industry best practices and changing
market conditions.
♦ Several large-scale Town -sponsored rental projects in
the 1990s and 2000s, resulting in an inventory of 544
income restricted or price capped units,
♦ 63 deed restricted for sale units that were a result of
successful PUD negotiations;
♦ Establishment of a Community Housing Fund with
dedicated revenue sources;
♦ Employee Housing Mitigation requirements for new
development;
♦ Continued planning, zoning and land acquisition efforts
to create more opportunities for new Community
Housing development;
♦ History of regional collaboration with public sector, non-
profit and Private sector on housing issues;
♦ Adopted Community Housing tax and fee waiver
incentives;
♦ Adopted a restricted Short Term Rental Overlay District;
♦ The commitment to building Community Housing that
meets Climate Action initiatives;
♦ Amended the Commercial -Industrial Zone District to
allow deed restricted Community Housing; and
♦ Adopted Comprehensive Plan, which sets housing as a
top policy priority.
Avon
For Immediate Release I Apnl 17, 2025
Town of Avon and Eagle County
Housing and Development Authority
Partner to Expand Good Deeds
Program
Avon, CO — The Eagle County Housing and Development Authority (ECHDA) is
excited to announce the rollout of Good Deeds Phase II, a significant expansion of the
Good Deeds program, which was launched in 2021 to address the rising cost of
housing in Eagle County. With median home sales prices now hovering at $1.6 million,
Phase II es increasthe progmm's Maximum Purchase Price from $850.000 to $1.25
million, providing greateraccess to homeownership while preserving long-term
housing affordability for kcal residents.
In addition to increasing the maximum purchase price, Phase II introduces the
Community Partner Program, a collaborative initiative aimed at increasing funding and
support for homeownership in Eagle County. Through this program, ECHDA will
partner with communities and organizations to provide additional resources for
affordable housing.
Community Partner Program
Through the Community Partner Program, ECHDA will make a payment equal to 15%
of the purchase price of an eligible property, with an additional 15% payment provided
by the partnering organization. This combined 30% investment, capped at $375,000,
makes horroownership mom attainable for local residents and the workforce while
ensuring accessible homeownership opportunities for generations to come. This
program is exclusively available for open market properties in Eagle County and
utilizes Price Capped Deed Restrictions to ensure long-temn affordability for locale.
'The success of the Eagle County Good Deeds program has been beyond our wildest
imaginations. We are so happy to be working closely with the Town cf Awn on this
next phase of the program to make the pot even sweeter for homebuyers. Locals,
start shopping lodayt' mid Kim Bell Williams, Executive Director for the Eagle County
Housing and Development Authority,
Good Deeds Avon
In collaboration with ECHDA, the Town of Avon launched Good Deeds Avon to I%Oviue
its residents within Ann's jurisdictional boundaries an additional 15% toward the
purchase price of eligible properties, matching ECHDA's payment This partnership,
which mirrors this structure of the newy created Community Partner Program,
provides Avon residents with a combined 30% buy down on eligible properties,
making homeownership as attainable and accessible.
We cannot have a stable and healthy community without community housing" said
Avon Mayor Tamm Nottingham Underwood "We cannot build our way out of this
housing crisis. An effective housing program wll require both new construction and
acquisition of deed resinctions on existing housing stock'
d Deeds Phase II Highlights
Open to Eligible Households throughout Eagle County
3r.vere must -so the o-ope�ty as their primary ms—�
Page 8 of 35
Strategies
Avon seeks to provide over 1,000 new Community Housing units by 2036 through a combination of
construction of new Community Housing projects, continuation of successful Community Housing programs
and implementation of targeted Community Housing policies. The summary of opportunities indicates the
potential to provide 1,000+ new Community Housing units if new revenue sources and financial
partnerships can support and accelerate construction projects, and support and expand deed
restriction purchase programs. Avon's Community Housing strategies are intended to constitute and
implement a "Housing Action Plan" as required by the Department of Local Affairs. Projects, Policies and
Programs are each discussed separately below.
This Community Housing strategy is heavily weighted towards increasing ownership opportunities. Avon
has an anticipated target to attain a range of new Community Housing comprised of 65-75% ownership
opportunities and 25-35% rental opportunities. The preference is to provide the maximum amount of 80-
100% AMI rental opportunities and 100-140% AMI ownership opportunities; however, the actual Community
Housing AMIs will depend upon available financial resources and the economics of each project. New
Community Housing rental projects are expected to be at or below 110% AMI, while new Community Housing
ownership projects may have a greater mix of Resident Occupied units without an appreciation cap on resale.
Housing Needs by Household Incomes
The overall mix of Community Housing projects, programs, and policies should provide housing across
the household income spectrum in proportion to the housing needs identified in the HNA. Particular attention
must be given to the housing needs of lower -income households, who are more vulnerable and are often
underrepresented. Evaluation and reporting on the different household income levels served bV new
Communitv Housina. comaared with the needs stated in the HNA, should occur annuallv. Consideration
should be given to other affordable housin
variety of income levels.
Environmental and Climate Equity'
in the Eaale River Vallev that may serve households at a
Community Housing projects, programs, and policies should evaluate the potential for disproportionate
environmental burdens and impacts on lower -income households and marginalized communities that may
result from such housing activities. Evaluation should include proximity to and connection with public transit,
public facilities, and amenities; proximity to and connection with grocery stores and neighborhood commercial
establishments; inclusion in and integration with existing and adjacent neighborhoods; and the incorporation
of inclusive processes designed to increase participation by underrepresented communities.
1 Environmental and climate equity in community housing ensures that marginalized, low-income, and historically redlined
communities are not disproportionately burdened by climate change hazards. It involves creating safe, permanently affordable, and
climate -resilient housing that reduces carbon footprints while actively improving public health.
Page 9 of 35
Projects
The following table lists Community Housing projects over the next ten years. Projects that are shown as
"RO" or "Resident Occupied" may include some mix of price -capped units offered for sale at a lower price
point meeting the 100-140% AMI demand, depending upon the availability of funds. The details of each
project may evolve based on available financial resources and Community Housing demands. Each project
is discussed in more detail in Appendix A. Appendix A may be updated when determined
Pending/New Construction Community Housing Projects
R = Rental, 0 = Ownership, PC = Price Capped, RO = Resident Occupied (no price cap)
Project Name
Units
Type
AMI
Developer
Land Ownership
Hidden Valley Estates
54
0-RO
N/a
Private
Private
CH2: Avondale Apartments
40
R-PC
110%
Public
TOA
CH1: Lot 8-PA-E
24
0-PC
120%
Public
TOA
State Land Board: Parcel 1
104
R-PC
100%
Public/Private
Public
91 Beaver Creek Place
20
0-RO
N/a
TBD
TOA
Slopeside
106
R-PC
100%
Public
TOA
Wildwood Annex
12
0-PC
120%
Public
TOA
Sun Road Redevelopment
100
0-RO
N/a
Public/Private
Public/Private
East Avon Preserve
100
0-TBD
N/a
TBD
TOA
Village Community Housing
80
0-RO
N/a
Private
Private
Village Community Housing
110
TBD
120-140%
TBD
Private
TOTAL
750
Total New Rental
250
Total New Ownership
500
GO TO APPENDIX A: HOUSING PROJECTS
AvonAvon Housing Programs
• Click on link above for Program Definitions
Programs
Deed Restriction purchase programs have significant advantages because they do not require new land
and construction, which can be polarizing. They also do not require the cost, complexity and timeframe of
new construction projects. They provide significant flexibility in allowing a home buyer to shop and choose
the home that best meets their needs and preferences. Deed Restriction purchase programs provide a
significant financial contribution to assist a home buyer with the purchase of an existing home and requires
the execution of a Deed Restriction which permanently restricts the use of the resident to full-time residents
working in Eagle County. Avon currently supports three deed restriction purchase programs to assist new
home buyers, including:
Page 10 of 35
iMi Casa Avon! provides a 12% match up to a maximum of $150,000 for a Resident Occupied Deed
Restriction, which does not have an appreciation cap on the resale price.
Goods Deeds Avon provides a 30% match in partnership with Eagle County up to a maximum of $375,000
for a Price Capped Deed Restriction, which limits the price appreciation on resale. This is contingent upon
annual appropriations from Eagle County.
MEHOP or Municipal Employee Housing Ownership Program provides a 30% match to Town of Avon
employees up to $375,000 for a Price Capped Deed Restriction, which limits the price appreciation on resale
and requires the resale to be to a Town of Avon employee or to the Town of Avon.
Programs (Deed
Restriction Purchases) Annual 10 Years
Mi Casa Avon
8
80
Good Deeds
16
160
MEHOP
2.5
25
TOTAL 27 265
Policies
■ Mi Casa Avon
■ Good Deeds
■ MEHOP
Policies include regulations in the Avon Municipal Code that establish requirements to provide Community
Housing, such as employee housing mitigation and inclusionary zoning, and incentives to provide Community
Housing, such as Development Bonuses and tax and fee waivers. Policies also include existing and new
dedicated revenue sources to support Community Housing.
Existinq Development Policies:
The following Development Policies address planning, land use and development and are currently adopted
and in effect:
1. Allowing Community Housing in all zone districts.'
2. Expediting and prioritizing review of Community Housing development applications.'
3. Employee Housing Mitigation to mitigate 20% of the employee housing demand created by a new
development.
4. Tax and Fee waivers for Community Housing projects.'
5. Short Term Rental regulations that limit or prohibit short term rental licenses in designated areas of Avon.
Short Term Rental use is monitored throughout Avon and is periodically assessed.'
6. Development Bonus process to allow greater building height, greater site coverage, reduced parking and
reduced setbacks for Community Housing.'
'Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies.
Page 11 of 35
7. 3-Mile plan that identifies the State Land Board property as eligible for annexation and planned for 100%
of residential units to be zoned and developed for Community Housing.'
8. Seek collaboration and partnership with Eagle County, Town of Vail, Habitat for Humanity and other local
government, non-profit and private sector regional partners.
Based on existing Development Policies the following projection is provided for new Community Housing units
that would result from new development:
Policies Annual 10 Years
Employee Mitigation/Dev Bonus/Inclusionary 5* 50
TOTAL 5 50
*Average
Existing Revenue and Funding Policies:
The following revenue and funding policies are currently adopted and in effect.
1. 2% Short Term Rental Excise Tax is dedicated to the Community Housing Fund.'
2. 10% of Avon's 2% Real Estate Transfer Tax is dedicated to the Community Housing Fund.,
3. 4% Use Tax on Construction Materials is dedicated to the Community Housing Fund, subject to the prior
agreements in the Village (at Avon) to remit the Use Tax revenue to Traer Creek Metropolitan District
until such time as the Town of Avon has satisfied its tax credit obligations.
4. Avon Downtown Development Authority is required to spend at least 50% of tax increment revenue on
Community Housing.'
5. Council may consider and approve expenditures from the unrestricted General Fund reserve balance to
support land acquisition and construction of Community Housing projects.'
6. Avon has "Opted -In" to Colorado's Proposition 123 program, which makes Avon potentially eligible for
state grants. Avon has applied for a waiver to allow Proposition 123 funding to be applied toward projects
that serve up to 110% AMI.1
New Development Code and Planning Policies to Promote Community Housing:
New policies described below are not formally adopted by this Avon Community Housing Plan; rather,
these policies are identified as appropriate for research and analysis by Council, appropriate citizen
committees, the development community, and the general public through work sessions and public hearings.
These policies for new residential development seek to maximize the percentage of Community Housing in
new residential development to the extent economically and legally feasible. The Village (at Avon) Planned
Unit Development has vested property rights which limit the applicability of new development policies that
require increased Community Housing.
Employee Housing Mitigation: Consider increasing the required mitigation from 20% to 30% and
reduce the maximum rent or sales price from 120% to 100% AMI. The purpose of this policy is to
increase the number of Employee Housing Mitigation Units required by new development and to require
such units to be more affordable. Clarify the Employee Housing Mitigation regulations to state that
Community Housing units are not included in the Employee Housing Mitigation calculation.
1 Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies
Page 12 of 35
Inclusionary Zoning2*: Consider adopting an Inclusionary Zoning requirement for the Town Core which
requires up to 50% of new residential units to be Community Housing. Employee Housing Mitigation
units that are required would be credited towards the required Community Housing allotment. The
purpose of this policy is to increase Community Housing units in the mixed -use center of Avon where
water rights exist to support increased density and increased density can be most efficiently served with
existing public infrastructure.
3-Mile Plan Annexations: Consider revisions to the 3-Mile Plan to include language which identifies
the desired and appropriate percentage of Community Housing units with new annexations that include
residential development. The purpose of this policy is to maximize the percentage of new residential
units associated with annexations in the 3-Mile Plan to the extent economically feasible.
New Revenue Policies for Consideration:
1. Seek potential new funding sources through the adoption of a Regional Housing Authority. Such
revenues sources may include a Sales Tax, Use Tax, Property Tax and/or other revenue sources.'
2. Explore an increase to the Short Term Rental Tax based on review of peer communities.
3. Support uniformity of dedicated taxes for Community Housing across different local government
jurisdictions in Eagle County.*3
4. Explore options to allow voter approval of new taxes dedicated to Community Housing through the state
legislative process.'
5. Strive to increase the portfolio of affordable rental properties that generate positive cash flow which can
then financially support each other and provide financial leverage to support future development of
additional affordable rental properties.'
6. Discontinue the annual transfer of 10% of Avon's 2% Real Estate Transfer Tax (RETT) revenues when
new dedicated revenues for Community Housing are established. Avon's anticipated capital
improvements needs to maintain and construct public infrastructure for the next decade and beyond
exceeds available RETT revenue.
Ten Year Community Housing Goal
The total Community Housing goal for the next ten years is summarized below. Fully implementing the
projects and programs identified in this Plan will require additional financial resources.
SUMMARY next 10 years
Projects
750
Programs
265
Policies
50
TOTAL 1065
■ Projects
■ Programs
Policies
■ TOTAL
2 Inclusionary zoning is a municipal or county regulatory policy that requires or encourages real estate developers to set aside a
specific percentage of newly constructed residential units for low- to moderate -income households. It is designed to create mixed -
income communities and counteract exclusionary housing practices.
3 Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies
Page 13 of 35
Future Community Housing Projection
Future Community Housing beyond ten years is more speculative for planning purposes. The following
potential opportunities are identified below. Additional Community Housing opportunities may arise through
land acquisitions and public -Private partnerships.
FUTURE - Long Range 10-20 years
Project Name Units Type AMI Developer
East Town Center Redevelopment
240
O-RO
N/A
TBD
North River Parcel
200
O-RO
N/A
TBD
State Land Board Parcels
396
TBD
TBD
TBD
Forest Service (adjacent to North River)
100
O-RO
NA
TBD
TOTAL 936
Page 14 of 35
Investment Guidelines
Avon must invest limited financial resources wisely to meet
the goals of this Community Housing Plan. The Town
recognizes that Community Housing development
opportunities are often specific and unique to an available
property, potential partnerships, and financial parameters set
by state and federal agencies; therefore, differences are
expected between creating ideal projects that clearly meet all
frameworks with the construction cost realities surrounding
possible projects. This reality results in Community Housing
programs and projects that may not be able to meet all the
goals (next page). Rather, the following is intended to assist
with the evaluation of proposed programs and projects. This
list is not intended to be exhaustive, and additional
considerations may be relevant.
♦ Ensure that all Community Housing programs,
policies, or projects align with the goals and objectives
of the Comprehensive Plan and the Community
Housing Plan.
♦ Use Town of Avon investment in projects to bridge the financial gap between free market conditions
and Community Housing economics, enabling programs or projects to move forward.
♦ Encourage or incorporate resource conservation, energy efficiency, sustainable development, and
climate action goals in programs or projects, as financially feasible.
♦ Select locations for programs or projects that offer reasonable access to public services and amenities
supporting full-time residential use, such as schools, parks, trails, transit, multi -modal transportation,
job centers, neighborhood businesses, and other public services.
♦ Attract and utilize financial participation from partners, including local governments, state and federal
sources, non -profits, and Private investors, for each program or project.
♦ Ensure that each program or project positively leverages the Town of Avon's financial investment.
non
No an
88 on
IS on
Page 15 of 35
THE ASPENS:
COMMUNITY
PRESERVATION
Avon recognizes the importance of manufactured home
communities, which offer a rare combination of density and
affordability essential to Avon. Manufactured home communities (MHCs) provide residents with relatively
affordable housing in the valley, and Avon is committed to preserving this option and supporting its
residents. However, this is challenging because the land is privately owned and lacks protective covenants
to ensure long-term preservation.
Manufactured homes typically last 30 to 50 years. Without regular maintenance and energy efficiency
upgrades, these homes are less resilient to extreme weather and consume more energy. Replacing older
units is costly and technically challenging. Avon needs programs to preserve this vital affordable housing,
starting by acknowledging the significance of the Aspens community, and the need for its preservation.
Preserving manufactured home parks in Colorado usually involves a combination of legislative
protections and local government action to address rising land values and private equity redevelopment.
Since mobile homes are often permanent structures on rented land, these communities are vulnerable to
displacement and predatory rent increases. As land becomes scarcer, affordable sites risk being converted
into luxury developments.
Page 16 of 35
POSSIBLE PROTECTIVE PATHWAYS
1. Encourage The Aspens to Form a Resident -Owned Cooperative
Avon should encourage the Aspens to consider becoming a Resident -Owned Cooperative (ROC)
which transitions a park into a Resident -Owned Community — a priority standard for long-term
preservation. Colorado law grants residents the "right of first refusal," requiring park owners to give
homeowners notice of a pending sale and an opportunity to match third -party corporate offers. Non-
profits like Thistle Communities and ROC USA step in to help communities organize, navigate multi-
million dollar real estate transactions, and secure low -interest financing. Avon could require by code
that park owners must provide ample public notice (e.g., 90 to 180 days) to residents and local
municipalities before putting the park on the market.
2. Public Purchase
Under Colorado state law, park residents can assign their statutory right of first refusal to a local
housing authority, non-profit housing provider, or land trust. Avon has a Housing Authority that could
be used for this purpose. Avon could also codify the right for local housing authorities, municipalities,
or resident -owned cooperatives to match offers to purchase the land, preventing sudden sell -offs to
corporate developers. Local housing authorities occasionally purchase parks outright to assume
immediate management, stabilize rents, and absorb the initial infrastructure risks before eventually
transitioning control back to the residents.
3. Regulatory Protections — Avon Municipal Code
With State mandates requiring landlords who plan to close or rezone a park for redevelopment to
financially compensate displaced tenants for their relocation costs, Avon could also require the loss of
density and affordability be a condition of rezoning any zone district. This can be done by creating a
zoning overlay that restricts the land from being turned into luxury or traditional apartment complexes
without mitigation, or a new anti -displacement of Community Housing provision where any loss of
Community Housing shall require replacement of the units lost, maintaining the same AMI levels as
was in place prior to redevelopment.
Outside of the Avon Community Housing Plan, the foundational Comprehensive Plan can be updated
to create a specific district for the Aspens that goes beyond its affordable housing values to recognize
and memorialize it as a distinct planning area. This new district may include design aspirations and
future planning goals as they relate to maintenance, preservation and general land use.
.... . SEE
.... .... .. .
■■ � ■■ ■■ �� a ■■ � ■■ ■■
on I- some■■
on ■■ ■■
on
Page 17 of 35
APPENDIX A: HOUSING PROJECTS
Community Housing Projects
Appendix A - Describes specific new construction opportunities for Community Housing projects. Each
potential project is described on its own page which includes a basic description of the property, project
goals, infrastructure and entitlements.
Page 18 of 35
AVON NORTH
Wildwood Annex
Legal Description:
WILDRIDGE SUBDIVISION Tract: N
Wildwood Road
Area in yellow is the developable portion of Tract N
Property Size 1.0 Acre
Zoning
Wildridge PUD — Public Facility Designation
Ownership
Town of Avon
Project Goals
12 three -bedroom condominiums, Ownership
Infrastructure
Extension of water and sewer to serve this property is required for development.
Entitlement
Development approval requires an amendment to the Wildridge Planned Unit
Development to change the PUD Public Facility designation to an appropriate
Community Housing zone district designation, subdivision to create the specific
development parcel, and Avon voter approval to authorize the sale of the
Community Housing units.
OF:
Above: Basic Concept Evaluation Existing Site and Conditions
Page 19 of 35
AVON NORTH
Hidden Valley Estates
Property Size
Zoning
Ownership
Project Goals
Infrastructure
Entitlements
HIDDEN VALLEY ESTATES
Legal Description:
HIDDEN VALLEY ESTATES SUBDIVISION
Metcalf Road
7.2 Acres Industrial, with permitted use of Community Housing
Light Industrial & Commercial
Private
Development of a mix of 54 deed restricted townhomes/duplexes
Infrastructure to support development has been installed
Avon approved a Development Agreement for the site
Above Photo: 2026
Page 20 of 35
AVON TOWN CENTER
10/Avon Koad Interchange. I he Sun
Road Plan area is substantially
underdeveloped under the Town Center zoning, which allows high -density mixed -use development. The
central location, proximity to Harry A. Nottingham Park, and convenient access to Avon Road and the I-
70 interchange present a unique opportunity for a high -quality redevelopment project that incorporates
residential density into the Town Core.
91 Beaver Creek Place is located in the East Town Center subarea. This plan is currently being updated.
This East Town Center Plan establishes a community based plan and vision for the redevelopment of
the Plan area which best supports Avon's Comprehensive Plan goals, the Avon Community Housing
Plan, the West Town Center Investment Plan, the Sun Road Redevelopment Plan, and the Avon
Downtown Authority Development Plan. Existing development in the Plan area is substantially
underutilized compared to development allowed under the Town Center zoning, and redevelopment of
this area presents a unique opportunity to guide and support high density development to achieve many
community goals.
Slopeside, is not within either plan. However, its juxtaposition in the area of these two subareas is
complimentary in that Slopeside will be a walkable neighborhood, slated as workforce housing.
Page 21 of 35
1. Sun Road Redevelopment Area
Property Size
Zoning
Ownership
Project Goals
Infrastructure
Entitlements
Sun Road Redevelopment Area
Legal Description. -
SUN ROAD REDEVELOPMENT AREA
Sun Road/West Beaver Creek Blvd
5.4 Acres
Town Center
Mixed Private and Town of Avon
A mixed -use, transit -oriented redevelopment project
with 70,000+ sq.ft. of ground floor commercial
space and 150-300 deed restricted Community
Housing units
Infrastructure to support development is available
Development will require review of a Development
Plan and a potential Density Bonus application.
The Sun Road Plan area is substantially underdeveloped
under the Town Center zoning, which allows high -density
mixed -use development. The central location, proximity
to Harry A. Nottingham Park, and convenient access to
Avon Road and the 1-70 interchange present a unique
opportunity for a high -quality redevelopment project that
incorporates residential density into the Town Core.
READ THE FULL PLAN - LINK
SUN ROAD
REDEVELOPMENT
PLAN 2025
Page 22 of 35
2. 91 Beaver Creek Place (North Court)
0,0
11;00*0,
61,
Legal Description.-
91 BEAVER CREEK PLACE - BENCHMARK AT BEAVER CREEK LOT
Beaver Creek Plaza
Property Size 0.57 acres or 24,829.2 sq. ft Acres
Zoning 91 Beaver Creek Point: Shopping Center (Retired) (Sc)
Ownership Town of Avon
Project Goals A mixed -use, 3-4 story building with ground level commercial and -20-30 deed restricted
housing units above
Infrastructure Infrastructure to support development is available
Entitlements Development will require a zone change to Community Housing, Mixed -use
91 Beaver Creek Place
The 0.57-acre property is located in the East Town Center area. The property currently has a small
commercial building, with opportunities for local businesses to lease until redevelopment occurs.
Acquisition of this property presents a significant opportunity for future Community Housing units. The
East Town Center District Plan anticipates redevelopment efforts that would increase residential
density within the area. The Town of Avon possesses adequate water rights to support higher -density
development in the Town Core and currently provides this property with access to Avon's
complimentary transit services. The building itself is not in adequate condition for reuse, offering future
owners the opportunity for newly constructed deed -restricted residences.
Page 23 of 35
3. Slopeside Community Housing
Legal Description:
SLOPESIDE COMMUNITY HOUSING SITE — BENCHMARK AT BEAVER CREEK
TRACT Y & SWIFT GULCH ADDITION LOT 2
Swift Gulch Road
Property Size
3.41 ac and 1.43 ac. Totals: 4.8 ac or 210,830.4 sq. ft
Zoning
Community Housing High Density (CHHD-1) and allocated Public Facilities (East parcel)
Ownership
Town of Avon
Project Goals
Residential rental project of 106 units targeted at 80-100% AM
Infrastructure
Infrastructure to support development is available
Entitlements
Development will require a zone change on the east parcel from to CHHD-1 (same as the
west parcel); consolidation of the two parcels into one parcel through a Subdivision
Amendment
Slopeside
The Future Land Use Map in
the Avon Comprehensive Plan
highlights these properties as F.;.,.
both a gateway into Avon and
a cornerstone property for
Community Housing. Once "` u
envisioned for 105 homes, the ~
site was later transformed —its
west parcel preserved for _
open space, landscaping, and
drainage ("OLD"), while the -
east parcel was set aside for
public use (Civic/Public , W ,o�. _�„_. A ,�.. ►
Facility within the Swift Gulch
Addition PUD). Today, these
parcels offer more than just land: they feature a key stretch of the pedestrian and bike trail connecting
Avon Road to Post Blvd, alongside the historic Nottingham Puder Ditch. Now, Slopeside is poised to
shape the community's future with a bold proposal for a 106-unit Community Housing development that
will reinvigorate this walkable area and address critical housing needs.
Page 24 of 35
Village (At Avon) PUD
Proposed Community Housing Sites 2026
The Village (at Avon) area presents valuable housing opportunities for both rental and ownership projects.
CH1 and CH2 are both flat properties that contain all necessary unitalities in close proximity. With zoning
secured for these sites via a PUD amendment in 2026, the design of projects can commence.
Development of the East Avon Preserve is dependent on significant coordination for access and water
service by future water tank(s) above the property. The timeframe for developing the East Avon Preserve
is dependent on adjacent development, which triggers the implementation of a new water tank, making the
timeframe much longer than CH1 and CH2. However, this site may open up the availability for the
construction of a housing type no slated for any other Avon project. That being, possible duplex and or
single family units (or a mix thereof).
Page 25 of 35
1. Village (at Avon) - CH 1 Community Housing Site
Legal Description:
CHI — Lot 8, VILLAGE (ATAVON) PUD
East Beaver Creek Blvd.
Property Size Approximately 1 acre * See Entitlement Needs below
Zoning CH1 — Community Housing Per PUD
Ownership Town of Avon
Project Goals Within the Village (at Avon) and adjacent within the East Avon Preserve, create a variety of
dedicated Community Housing Units with ownership and rental opportunities
Infrastructure Infrastructure to support development is available
Entitlements This development will need an amended plat to define this property and separate it from the
neighboring Childcare Center property. Design Review approval by Village (at Avon) DRB
Village (at Avon) 2026 — CHI/Lot 8,
Future Community Housing
Formally Lot 8, Planning Area F, this property
has been conveyed to the Town of Avon by the
Village (at Avon) as a condition of a joint PUD
amendment application. The amendment
changed the allocation of Lot 8 from PA-F (the
same uses as permitted on the Piedmont
parcel) to CH1 (Community Housing).
Avon anticipates approximately ')A T
condominium units are possible for this property
(see very basic analysis above), although an in depth site analysis has not been explored for
development on this property. Staff performed a 'fit' exercise to show a 80'x180' footprint (14,400 sq.ft.)
condominium building that could serve units on two sides of a central corridor or drive path.
Further design work and conceptual designs are required to confirm general layout and programming.
The design plans will ultimately be reviewed by the Village (at Avon) Design Review Board.
Page 26 of 35
3. Village (at Avon) - CH2 Community Housing Site: "Avondale"
Property Size
Zoning
Ownership
J
Legal Description:
CH2 — Lot 5, VILLAGE (AT AVON) PUD
Yoder Avenue
Approximately 3 acres * See Entitlement Needs below
CH1 — Community Housing Per PUD
Town of Avon
Project Goals Within the Village (at Avon) and adjacent within the East Avon Preserve, create a variety of
dedicated Community Housing Units with ownership and rental opportunities
Infrastructure Infrastructure to support development is available
Entitlements This development will need an amended plat to define this property and separate it from the
neighboring Childcare Center property. Design Review approval by Village (at Avon) DRB
Village (at Avon) 2026 — CH2/Lot 5, Avondale Apartments Community Housing
Council provided direction in early 2023 to proceed with due diligence for a Community Housing project
on this property owned by Avon. This resulted in the creation of the "Avondale Apartments" community
housing project, on Lot 5, a Town -owned property previously designated for Public Facilities within the
Village (at Avon) PUD. Adjacent to Home Depot at the end of Yoder Ave. Much like the amendment
for Lot 8 to CH1, Avon proposed updating Lot 5's designation to reflect its intended primary use as
Community Housing, replacing the Public Facilities language but still permitting other public uses. Lot 5
is designated as Community Housing (CH2) within the PUD, providing clear guidance for this use. The
zoning for CH2 now permits up to 40 units and up to a 60' building height. Design plans will be
developed for this rental project, and presented to the Village (at Avon) Design Review Board for
approval.
Page 27 of 35
2. East Avon Preserve
":
.'�► WN,
EAST AVON PRESERVE - Unplatted
Wagon Trail Road
Property Size 37.357 acres with 7-15 Acres (of potential development area)
Zoning Public Facilities
Ownership Town of Avon
Project Goals Development of 100+ Community Housing units
Infrastructure Construction of new water storage tank is required
Entitlements Rezoning appropriate portions of the property to Community Housing, subdivision/platting
The East Avon Preserve Parcel ("EAP") totals 85.99 acres and consists of two parcels. Avon acquired
the EAP in 2013 from the United States Government through a Multi -Party Land Exchange agreement.
Avon and Eagle County entered into an Intergovernmental Agreement, referring to the East Avon
Preserve Parcel as the "Village Parcel." The agreement states that once the boundaries for "affordable
housing" and community facilities are set and the road and trail alignments are determined, Avon will
grant a conservation easement to a mutually acceptable land trust on the remaining acreage. The
area was zoned Public Facilities ("PF") when it was acquired. Avon's plans identified the upper
northeast corner as an area for potential housing. A slope analysis was conducted in 2022 slope
analysis and a more refined potential development areas were identified (shown in the image above).
Additional planning analysis is required to determine if additional area may be potentially developed for
Community Housing and if wastewater infrastructure can serve additional density.
Page 28 of 35
State Land Board
Legal Description:
UNPLATTED; DOWD JUNCTION
Highway 6, Eagle -Vail
Property Size 71 Acres
Zoning General Commercial and Resource per Eagle County land use code
Ownership State Land Board
Project Goals 300 Community Housing units, developed in phases with an early phase of 100 units
between LIS6 and the Eagle River and future phase of 200 units on the north side of the
Eagle River
Infrastructure Infrastructure exists on the south side of Eagle River for first phase. Significant
infrastructure is required to extend utilities and vehicle access to the north side of the Eagle
River.
Entitlement Needs Annexation into the Town of Avon, zoning, and subdivision
.k
1. Apartment Site
-4.60 acres
2. River Corridor
20.54 acres
3. River North Parcel
-53.14 acres
Page 29 of 35
APPENDIX B: IMPLEMENTED
COMMUNITY HOUSING STRATEGIES
History of Accomplishments
• Ordinance 2019-01, Community Housing Incentives for Sales Tax and Fee Waivers
• Ordinance 2019-03, Inclusionary Housing regulations to include mitigation for new multi -family and
commercial developments.
• Ordinance 2019-06, Industrial Commercial Zone District Amendments to permit Community Housing as
a Use by Right.
• 2 Deed Restricted for sale units constructed at One Waterfront Way.
• Council Resolution 2020-25, Approving Fee Waivers and Deed Restrictions for 9 Rental Units at 77
Metcalf.
• 1 Resident Occupied Deed Restricted for sale unit at Riverfront Lodge.
• Resolution 20-15, implementing the Mi Casa Avon Deed Restriction program. There have been 57 Mi
Casa Avon deed restrictions recorded on free market units.
• 2 Resident Occupied Deed Restricted Units at Frontgate.
• Council Resolution 2021-08, Approving Fee Waivers for Capital Improvement Project at 1011 West
Wildwood Road.
• Ordinance 21-13 Amending the Avon Community Housing Plan.
• Council Resolution 2021-20, Approving Short -Term Rental Tax Ballot Question for Community Housing
funding.
• Purchase of Metcalf Lofts G20 for use as Employee Housing.
• 2023, created a full-time Housing Planner position.
• Ordinance 23-18, adopting All Electric, Net Zero Energy Use Policy for Community Housing Projects.
• Ordinance 23-30, The Avon Community Housing Policies (circa 1990/1991) were replaced in their
entirety in 2023.
• 4% Use Tax on construction and building materials passed by voters in November 2024, funding
Community Housing.
• Ordinance 24-01, creating Community Housing Zone District.
• Ordinance 24-04, Rezoned Tract Y from OLD to Community Housing High Density-1
• Resolution 24-10, Employee Housing Plan implemented.
• Downtown Development Authority formed with a portion of funds allocated to Community Housing.
• 2024, Recipient of DOLA's Local Capacity Planning Grant in the amount of $160,000 to investigate the
feasibility of a Multijurisdictional Housing Authority.
Page 30 of 35
• One (1) Resident Occupied Deed Restricted Unit constructed at Kestrel.
• Ordinance 25-01, The Avon Community Housing Policies updated.
• Purchase of 3008 Wildridge Rd 1A for use as Employee Housing.
• Resolution 25-13, approving the purchase of 15 Sun Rd for eventual redevelopment, inclusive of
Community Housing.
• 2025: Replacement Price Capped Deed Restriction is available for units with old deed restrictions that
do not reflect current practices, policies, and provisions. The new version offers updated Permitted
Capital Improvements for owners as a predominant upgrade.
• Eagle County Regional Housing Needs Analysis was completed in 2025.
• Partnership with Eagle County for Good Deeds Avon, offering buyers a 30% cash payment in exchange
for recording a Price Capped Deed Restriction on a free market home at closing.
• 10 Good Deeds Avon Price Capped Deed Restricted Units in Avon in 2025.
• Resolution 26-01, approving the purchase of 91 Beaver Creek Place for eventual redevelopment,
inclusive of Community Housing
Ordinance 26-02, approving Village (at Avon) PUD Amendment, permitting Community Housing on CH1 and CH2
including the conveyance of CH1 to the Town of Avon.
Page 31 of 35
APPENDIX C: INCOMES
Area Median Income for Eagle County in 2026
Household Size
1
2
3
4
5
6
AMI Classifications
30% AMI (Extremely Low)
$
29,130
$
33,300
$ 37,470
$
41,610
$
44,940
$
48,270
50% AMI (Very Low)
$
48,550
$
55,500
$ 62,450
$
69,350
$
74,900
$
80,450
60%AMI (LIHTC Maximum)
$
58,260
$
66,600
$ 74,940
$
83,220
$
89,880
$
96,540
80%AMI (Low)
$
77,680
$
88,800
$ 99,920
$
110,960
$
119,840
$
128,720
100%AMI (Median)
$
97,100
$
111,000
$ 124,900
$
138,700
$
149,800
$
160,900
120%AMI
$
116,520
$
133,200
$ 149,880
$
166,440
$
179,760
$
193,080
140%AMI (Moderate)
$
135,940
$
155,400
$ 174,860
$
194,180
$
209,720
$
225,260
Affordable Home Calculation by AMI, 2026
AMI%
30%
60%
80%
100%
120%
140%
Household Income -2persons
$
33,300
$ 66,600
$ 88,800
$ 111,000
$ 143,880
$ 155,400
Affordable Monthly Payment (30%)
$
833
$ 1,665
$ 2,220
$ 2,775
$ 3,597
$ 3,885
HOA, taxes, insurance (20% of pmt)
$
167
$ 333
$ 444
$ 555
$ 719
$ 777
Maximum Mortgage Payment
$
666
$ 1,332
$ 1,776
$ 2,220
$ 2,878
$ 3,108
Maximum Mortgage Amount
$
122,765
$ 245,530
$ 327,373
$ 409,217
$ 530,433
$ 572,903
Less: Closing Costs 1.5%
$
(1,841)
$ (3,683)
$ (4,911)
$ (6,138)
$ (7,956)
$ (89594)
Plus: Down Payment 10%
$
12,276
$ 24,553
$ 32,737
$ 40,922
$ 53,043
$ 57,290
Maximum Purchase Price
$
1339200
$ 266,400
$ 355,200
$ 444,000
$ 575,520
$ 621,600
Freddie Mac 30 year historical average 6.51%
6.51%
interest rate 5/21/2026
Affordable Rent
$
833
$ 1,665
$ 2,220
$ 2,775
$ 3,597
$ 3,885
Affordable purchase prices were calculated assuming that a household would have 10% for a down
payment and would qualify for a loan at 30% of their monthly income. HOA, property taxes and insurance
of 20% were included in Mortgage Amount. The Maximum Mortgage assumes an interest rate of 6.51%,
which is Freddie Mac's historical average over the past 30 years for a 30-year fixed rate mortgage. Interest
rates have risen since 2023, adversely impacting affordability.
MEDIAN HOME PRICE
$1,060,863
AFFORDABILITY GAP
$616,863
AVERAGE HOUSEHOLD
BUYING POWER
$444,000
Page 32 of 35
APPENDIX D: Definitions &
Best Practices
Topic
Process, Method, or
Definition
Jurisdiction
Frequency
Carbondale, Eagle,
Inclusionary
Either Recommended
A percentage of residential units in new subdivisions/ PUDs
Eagle County, San
Housing
(e.g., Eagle County) or
are restricted for workforce housing.
Miguel County,
Required ( e.g., Eagle)
Eagle, Crested
Butte
New residential and/or commercial development to contribute
to workforce housing relative to demand generated by the
Employee Linkage/
Typically Required in
new construction. For residential, mitigation rate often
Avon, Telluride,
Mitigation
Codes
increases based on square footage, and deed restricted units
Aspen, Mt. Crested
are typically exempt. Fees in lieu provide revenue stream
Butte, Vail
that fluctuates with building activity. Documented
relationship between fee and impact required.
Water/sewer tap fees, building permit or other fees waived in
Avon,
Fee Waivers
Available —
part or whole to reduce cost to build affordable housing.
Breckenridge,
Development Specific
General funds or other source need to cover cost of fees
Crested Butte,
waived.
Eagle County, Vail
Funding is a core component of building housing and running
successful housing programs. Few programs begin with
funding; rather, finding funding is an incremental process that
Avon, Summit
Dedicated Funding
goes hand in hand with creating goals and objectives,
County, Steamboat
Source
Varies
developing policies, securing appropriate land for housing,
Springs, Crested
and moving forward with public/Private partnerships.
Butte, Aspen,
Dedicated funding sources take many forms including grants,
Telluride
fee in lieu payments, taxes, voluntary assessments,
proceeds from rents or sales.
Partnering with developers to build attainable units, typically
Avon, Eagle
Partners
on publicly owned sites, or using other public resources such
County, Vail,
ips
Partnerships
Common
as property tax exemption. RFQ/RFP process effective for
Breckenridge,
selecting development partners. Ownership of land can be
Boulder
retained with long-term land leases to operators.
An individual who is an employee working in Eagle County
Qualified Employee
Typically Required and
y q
who works an average of at least thirty (30) hours per week
Avon, Vail, Eagle,
/ Eligible
Vetted
e tted by Jurisdiction
on an annual basis or earns seventy-five percent (75%) of his
Eagle County
Household
or her income and earnings by working in Eagle County; or a
retired individual, sixty (60) years or older, who has worked a
Page 33 of 35
Topic
Process, Method, or
Definition
Jurisdiction
Frequency
minimum of five (5) years in Eagle County for an average of
at least thirty (30) hours per week on an annual basis; or a
person who derives income from self-employment whose
business is situated in Eagle County; or a person who works
for an employer outside Eagle County if that person can
demonstrate that the residence subject to this deed
restriction is the primary residence for that person
Avon, Eagle
Buy Down of
Usually involves buying down units with public funds through
County, Eagle, Vail,
Market Homes
deed restrictions imposed for permanent affordability.
Breckenridge,
Whitefish MT,
Telluride
Requiring replacement of housing occupied by the workforce
No Net Loss Policy
Typically Required in
when redevelopment occurs. Similarly priced units should be
Boulder, Basalt
Code
replaced on site, or another site, or a fee -in -lieu of
replacement could be allowed.
Additional Terms and Definitions can be found in the Avon Comprehensive Plan and Avon Community Housing Policies. PVAVOnTwa
"qFt
Community Housing Programs:
Avon
',. .
Xi Casa Avon! is a program to incentivize prospective �
homebuyers to place a deed restriction on their property to
ensure more permanent residents have an opportunity to
purchase homes within Avon. There is no price appreciation cap
on a iMi Casa Avon! Deed Restriction. This deed restriction is an agreement between you, the new homebuyer, and
the Town of Avon that limits the use of your property. In this case, the deed restriction limits Eagle County employees'
ownership and use of the property. In exchange for the deed restriction, the Town of Avon pays you a lump sum
through the iMi Casa Avon! Program to help offset the purchase price.
Good Deeds Avon is the first partnership launched under Housing Eagle County's Community Partner Program, co -
designed with the Town of Avon to set a new standard for regional collaboration. Avon's investment is matched one-
to-one by the Eagle County Housing and Development Authority (ECHDA), providing up to a 30% buy -down of the
purchase price on eligible open -market homes within Avon's jurisdictional boundary.
Municipal Employee Home Ownership Program ("MEHOP" ) is a payment assistance program for Avon Employees
to support home ownership whereby the Town will provide up to 30% of the purchase price of a home in exchange for
recording a price capped deed restriction on an open market property. Avon Council adopted the Town of Avon
Municipal Employee Housing Plan in 2024 setting goals to provide more housing and approved a deed restriction
purchase program to help Town of Avon Employees purchase an affordable home.
Page 34 of 35
APPENDIX E: HOUSING NEEDS
ANALYSIS
2025 Eagle County Regional Housing Needs Analysis?
RE-1
Eagle County Housing Partners
cros.1-
RRC
Nabilat(or Numanity
7 Pathwayhttps://www.aeon.org/DocumentCenterNiew/25670/2025-EC-Regional-Housing-Needs-Assessment---Final?bidld=
Page 35 of 35
ATTACHMENT B
Avon
Community
Housing Plan
2026
Heart of the Ta-Iley
Table of Contents
Introduction
Goals........................................................................................................................................... 2
Objectives..................................................................................................................................... 2
Demand........................................................................................................................................ 3
Housing Cost & Area Median Income(AMI).............................................................................................5
Strengths& Assets........................................................................................................................... 7
The Aspens: Community Preservation.................................................................................................. 14
Appendix A: Housing Projects............................................................................................................ 16
Appendix B: Implemented Community Housing Strategies......................................................................... 28
AppendixC: Incomes....................................................................................................................... 30
Appendix D: Definitions & Best Practices.............................................................................................. 31
Appendix E: Housing Needs Analysis.................................................................................................. 33
Approved by Town Council Ordinance [INSERT NO]
Introduction
The Avon Town Council recognizes the severe lack of affordable housing' opportunities in the Eagle River
Valley. Reasonably attainable and available housing opportunities are critical for Avon to maintain its authentic
town character and to support the current and next generation's participation in the Avon community.
Workforce housing is necessary to support the many businesses located in Avon that create Avon's vibrant
character. A variety of Community Housing types to meet residents at a variety of life stages and income levels
is necessary to retain a sense of community.
The Avon Community
Housing Plan is an extension of
the Avon Comprehensive Plan. It
provides a high level overview of
the housing supply and demand
conditions in Avon, at a point in
time, and defines goals and
strategies to address the needs
and demands contained within.
The Eagle River Valley Housing
Needs Analysis ("HNA"), a
comprehensive report also
conducted periodically, provides
in-depth, detailed information on
the economic and social factors
comprising those housing
conditions in Eagle County. The
Avon Community Housing Plan
uses information from the HNA to
form its goals and strategies.
The Town of Avon Comprehensive Plan provides
overarching guidance for the entire town
Extensions of the
Comprehensive Plan
Sun Ri
Redev . ,....,.
Sub -Area Plan Plan
Plans
IUrban ntown West Town
RenewalIrDevelopment Center
Plan (URA) (DDA) Investment
Plan (WTC)
Associative Town Owned Properties Harry A. Nottingham Park Plan
Plans Sustainability Plan Walkability Plan
Multimodel Transportation Plan Climate Action Plan
EV Readiness Plan EC Community Wildfire Protection Plan
This 2026 Avon Community Housing Plan updates the prior 2021 Plan by recognizing the successes and
accomplishments over the last five years while acknowledging the ongoing challenge of meeting the housing
needs of the Avon Community. This 2026 Plan defines the Community Housing goals, objectives, plans, and
strategies for the Town of Avon over the next several years.
"Avon's vision is to provide a high quality of life, today and in the future, for a diverse
population; and to promote their ability to live, work, visit, and recreate in the
community. "
-TOWN OF AVON COMPREHENSIVE PLAN
"Affordable" housing is typically defined as housing that costs no more than 30 percent of a household's gross monthly income.
For ownership housing, this includes mortgage principal, interest, property taxes, and insurance. For rental housing, this includes
monthly rent payments (not utilities, internet, or other additional costs). (2025 Eagle County Regional Housing Needs Analysis)
Page 1 of 33
The potential community benefits of increasing Community Housing efforts include:
• More housing choices;
• Increased economic stability and a more active year-round economy for local residents and
businesses;
• Increased ability to address racial, environmental, and climate inequity;
• Alleviation of housing insecurity, housing cost burden, overcrowding2, and displacement, including homelessness.
• Greater ability to retain individuals and families throughout life and career phases, strengthening the
sense of community, opportunity, and quality of life;
• Increase Community Housing supply for job recruitment and retention purposes;
• Create Community Housing in closer proximity to job centers with pedestrian connections and transit,
in alignment with the Climate Action Plan goals; and
• More full-time residents to sustain arts, culture, social, and recreational activities.
Goals
Avon has identified the following goals:
Goal 1: Achieve a diverse range of housing densities, styles, and types, including rental and for sale, to
serve all segments of the population.
Goal 2: Coordinate with neighboring communities to provide and financially support an attainable
housing program that incorporates both rental and ownership opportunities, affordable for local
households.
Goal 3: Provide and support Avon's share of Community Housing units as identified in the 2025 Eagle
County Regional Housing Needs Analysis by 2035.
Objectives
Avon has identified the following objectives:
1. Maintain or increase the percentage of year-round residents; currently 56% of all dwelling units in
Avon are occupied by year-round residents.
2. Provide affordable housing for IGWe a the <30-80% AMI levels, which include extremely
low-income (ELI), very low-income (VLI), and low-income (LI) households, in proportion to the
housing needs identified for each various mGGMG IGVels stated in the Housing Needs
2 Overcrowding is defined as a living arrangement with more than one person per room (total rooms, not just bedrooms). (2025
Eagle County Regional Needs Analysis)
Page 2 of 33
Assessment.
3. Prioritize available Community Housing funds annually based on funding and partnership
opportunities, cost of projects and programs, assessment of specific unmet housing needs,
consideration of other residential projects in the Eagle River Valley, and assessment of Avon's
capacity to efficiently manage projects and programs.
4. Explore opportunities for additional dedicated funding sources to sustain the Community Housing
Fund, particularly through regional partnerships and the formation of a regional housing authority.
Page 3 of 33
5. Increase deed restricted homeownership opportunities with a priority for households making
equivalent of 140% or less of the Area Median Income ("AMI") through the Mi Casa Avon, Good
Deeds Avon, and other housing programs and regulations. For example, a two -income household
earning 140% AMI ($155,000) may be able to afford a home price of $620,000 in 2026.
6. Grow the inventory of homeownership and "missing middle" inventory, in place of additional rental
housing stock, to create a more balanced portfolio with a long-term goal of more home ownership
opportunities.
7. Prioritize price point, focusing on the 80-140% AMI level, as well as finish quality and amenities that
are attractive to right -sizing households, when considering new rental development. This includes
growing households upsizing their housing and seniors downsizing their housing.
8. Maintain or increase the percentage of Qualified Employees residing in Avon.
9. Partner with other communities, non-profit entities (i.e. Habitat for Humanity, Town of Vail, Eagle
County), Private Affordable Housing Developers, and Private employers to financially support new
Community Housing projects and programs.
10. Aggressively pursue available grant funding to support Community Housing projects and programs,
including public infrastructure improvements that benefit or support Community Housing projects.
11. AGhieve environmental and Glimate aGtien equity to ensure that low inGome and marg'nal'z
GOMmunities do not suffeF disproportionate impaGts or burdens from Community Housing PFGj8G
Consider social, environmental, and climate equity in the development of Community Housing projects,
programs, and policies, recognizing that low-income and historically marginalized communities often
suffer disproportionate environmental, climate, and cost burdens and impacts.
12. Support Eagle County in conducting the Eagle County Regional Housing Needs Analysis every five
years.
Demand
Free market real estate values and rents
have escalated faster than wage growth over
the last 15 years, especially during the
COVID-19 pandemic, resulting in a severe
shortage of reasonably attainable and
available housing.
As of 2025-2026, a significant shortage of
affordable housing persists as housing costs have
substantially outpaced local wages. Renters and
low- to median -income households are frequently
cost -burdened or severely cost-burdened3, with
many spending more than 50% of their income on
housing.
COLORADO
HOUSING
MARKET vs.
WAGE GROWTH
(Last 15 Years)
Real Estate Values
OF
Median
Rents
THE
AFFORDABILITY
iOO4 GAP
Median Wage
= Growth
3 Households paying more than 30 percent of their income towards housing are considered "cost burdened" — those paying over
50 percent are considered "severely cost burdened. (2025 Eagle County Regional Housing Needs Analysis)
Page 4 of 33
Across numerous regions, median rents and home
prices have increased at a rate surpassing that of
average incomes. In Eagle County, survey and
focus group participants reported that rents were
consistently between $1,500-$2,000 per bedroom.
That translates over 3 median wages needed to
rent a 3 bedroom unit priced at $4,500 or more.
Page 5 of 33
Wages: Eagle County's 2026 Area Median (Household) Income is $111,000, while the W,-c-ap4a-
+nceee individual median wage is $52,900 ' '.
Surging Home Prices: The median home sales price in Eagle County (excluding resort areas) was
$1,060,863 by YE 2025. Avon alone experienced a median sales price of $1,110,000 during that same
time period.
Extreme Affordability Gap: The Affordability gap compares the mortgage an average household can
afford with the median home price. As of 2026, the average 2-income household can afford
approximately a $444,000 home, compared with the YE 2025 median -priced home in Eagle County at
$1,060,863. This leaves an Affordability Gap of $616,863.
High Costs vs. Low Wages: In this resort community, the majority of the county's largest volume of
professions (including hospitality, retail and food service) offer salaries below $40,000 per year.
Rental Market Distress: Rental rates increased by 48% between 2007 and 2023, with studios (700-
900 sq ft) costing up to $2,500 by YE 2025.
Displacement Risk4: The 2025 Eagle County Regional Housing Needs Analysis identifies
displacement risk factors and their prevalence among Avon's residents. Avon's most prevalent
risk factors are as follows:
35% of households are housing -cost burdened;
31 % of people speak a language other than English at home;
There are 150 mobile homes in Avon
55% of people are renters
X% low-income residents or households
Supply Shortage: The 2025 Eagle County Regional Housing Needs Analysis identified a need for
6,375 affordable housing units across Eagle County, within 10 years to meet the current demand.
Avon's share of that shortage is 1,458 units. See the table below for a breakdown of the
shortage by AMI level. The HNA calculated the projected housing need using two factors: 10-
year job growth and housing that will be needed for employees filling jobs vacated by retirees.
EAGLE COUNTY
REGIONAL HOUSING NEEDSANALYSIS
Table A-3. Aron Housing Need by Tenure and AMI
Extremely Low Income(<30%AMI)
39
0
39
Auon
39
0
39
0 0 0
Very Low Income (31 - 50 % AMI)
54
0
54
0
0
0
54
0
54
Low Income (51 % - 80% AMI)
124
0
124
237
0
237
361
0
361
Moderate Income
81%-100%
64
0
64
284
0
284
348
0
348
100%-120%
51
22
29
155
82
73
206
105
102
Mddle Income
120%to 140%
50
22
28
49
26
23
100
48
52
140%to 160%
41
27
15
15
11
4
56
38
19
160%to 180%
32
21
12
40
29
11
73
50
23
180 % to 200%
32
21
12
13
10
4
46
31
15
Greater than 200%
117
75
41
117
75
41
200% to 220 %
53
39
15
53
39
15
220%to 240%
4
3
1
4
3
1
Total
606
188
418
852
200
652
1,458
388
1,070
Source: F47C Associates, U.S. Census
Bureau, Colorado Rapt. of Labor & En loynent, OCEW, JobsEO, Econonic & Henning Systems
4 Displacement risk is the likelihood that residents or businesses may be forced to relocate involuntarily due to economic
pressures or physical conditions. (2025 Eagle County Regional Housing Needs Analysis)
Page 6 of 33
Ownership -
Emergency Shelter Transitional Housing Supportive Housing Rent - Income Ltd. Restricted Rental Income Ltd. Restricted Ownership
Prevention. Rapid Housing Supportive i Community Housing Community Housing Community Housing
Diversion Shelter Scattered Capital. Grants/ Capital, Grants
Loans, Subsidies Loans,
Subsidies
0-30%AM[ 30-60%AMI 60-120%AMI 60 B d Mf 80-140%AMI
Partner Organizations: Federal Program Government Involvement:
Eagle County Homeless Services I Catholic Charities LIHTC HUD I Public /Private Partnerships I Habitat for H
Salvation Army I Bright Future Foundation USDA Avon Community Housing Projects
Market
Market Rental Ownership
Factors Driving the Housing Crisis:
Second Home Market: Over 31 % of housing units in the county are used by part-time residents or are
vacant. In Avon, 44% of housing units are vacant or used by part-time residents.
Desirability: The high quality of life attracts remote workers, second homeowners and relocating
retirees who can afford prices higher than what local service -based workers can afford, increasing the
competition and demand for the limited housing stock available.
Geography & Land Limits: Limited buildable land restricts the supply, further driving up costs.
Couple that with a lack of Town -owned land and topographically challenging sites, the results for new
construction rely on market price land costs with extremely expensive construction costs, adding to the
cost gap between building new units and their affordability to locals, without extreme subsidy.
t AMI is the accepted metric and does not always accurately reflect true wages of local workers. It reflects household income (all
wage earners, all jobs) and not wages or salaries on their own. There is no alternative metric that removes part-time resident
income from AMI.
Page 7 of 33
The lack of Community Housing is creating the following challenges:
♦ Employers struggle with unfilled positions, increased turnover, higher training costs, and lost productivity,
especially with long-term management positions;
♦ Continued increase in home prices that are well beyond the financial means of most local residents;
♦ Loss of historically affordable purchase options or long term rental availability due to short term rental (STR)
use, second home use, and retirees relocating to Eagle County;
♦ Extremely low vacancy rates in rental markets, resulting in limited choices and rising costs for renters;
♦ Negative socio-economic impacts on individuals and families, who are spending a disproportionate amount
of their income on housing, commuting long distances, and living in locations or situations that are not
sustainable for the long term;
♦ Increased risk of high energy costs and vulnerability to climate change for residents living in homes that
may be older, inefficient, poorly insulated, and/or less resilient to extreme weather.
♦ Lack of opportunities for returning local family offspring who grew up in Eagle County to secure housing in
the place they consider home.
♦ Displacement caused by lack of opportunities, from forcing many renters who wish to buy a home, or persons
with expanding families, to move away from the area to find more affordable options, to homelessness.
♦ Lack of efficient, resilient, transit -oriented, and net -zero Community Housing will undermine the
achievement of local and regional climate goals.
♦ According to the 2025 Eagle County Regional Housing Needs Analysis, historically marginalized and
underrepresented groups are feeling the heaviest impacts. In Eagle County, these are primarily
immigrants and non-English speakers, especially the Hispanic and Latino communities.
Housing Cost &
Area Median Income (AMI)
2025 Average Median Wage: $52,900 12025 Median Home Price: $1,110,000
FY 2026 Income Limits Summary — Eagle County (HUD
It is important to review the availability of properties that are attainable
through the Vail MILS for local residents and evaluate the percentage of
homes purchased for primary residency in these neighborhoods. There
were 91 sales in 2025, the median price for all dwelling units sold in the
Town of Avon (excluding Mountain Star) was $1,110,000. Of those 91
sales, 48% were purchased with cash, an indicator that those homes were
purchased as second homes, investment properties, relocating retirees, or
for use as short term rentals. Condominiums accounted for 78% of
these sales, with a median price of $864,000. The median price for single
family dwellings, duplexes, and townhomes was $2,150,000. A
Page 8 of 33
AM] is used by other local entities
as well. For -instance, Avon
partners and contributes to the
Walking Mountains Science
Center, and through supporting
this non -profit's energy
programming, they have "income
and community priority
qualifications" forcertain rebates
and incentives for households up
to 150%•AMI.11
Learn More at ¶
Wa1" •��i,
Mountains ��
household earning 2 average weekly wages makes approximately
$105,800 per year. This income cannot support mortgage payments for
any median priced dwelling units in Avon.
The rental market is similarly challenging for local residents. Between 2007 and 2021, the average rental
rates rose 48% across the Eagle River Valley. Vacancy rates have approached zero, and recent rental projects
Page 9 of 33
have experienced an accelerated cost as compared to increases in the consumer price index. Market rate
rental projects in Avon have advertised rental rates up to $2,509 for a studio, $3,992 for a 2-bedroom unit, and
over $5,397 per month for a 3-bedroom unit, by year-end 2025. With a per bedroom median price of around
$1,900, overcrowding and in -commuting are increasingly common.
To meet the needs of local employees in the Eagle River Valley, the 2025 Eagle County Regional Housing
Needs Analysis estimates that 6,375 additional dwelling units will be required by 2035. In the "mid -valley",
which includes EagleVail, Avon, and Edwards, 2,586 dwelling units will be needed to accommodate the net loss
of affordable housing units and projected population and job growth. In Avon alone, that need is 1,458 units, or
about 25% of the regional need. Extremely, very, and low-income (<30-80% AMI) and moderate -income (80-
120% AMI) each make up about one-third of Avon's need. The need for housing targeting 120-140% AMI makes
up about 7%. All of the need for housing under 100% AMI is for rental units, while that between 100-140% AMI is
almost evenly split between rental and ownership. It is anticipated that subsidies or public/Private partnerships
will be required to make it financially feasible to construct or preserve a majority of these dwelling units.
Avon and the rest of the "mid -valley" are highly desired locations for local residents. The community survey
of Eagle River Valley households, conducted along with the Eagle County Regional Housing Needs Analysis,
found that 53% of renters and 42% of owners selected "mid -valley" as their first choice for place to live.
The concentration of employment and job centers in the upper -valley and mid -valley areas of the county
poses specific challenges. The narrow valley floor surrounded by federally protected lands has been
developed for the most part. The remaining parcels identified for new development have challenging terrain
(sloped, narrow, asymmetric). Avon is also identifying areas for redevelopment and strategizing which of its
parcels to reclassify for housing redevelopment. Both options add considerable cost to construction and are
factors in the higher AMI limits suggested for Eagle County, especially for Avon.
Page 10 of 33
Strengths & Assets
Avon can build upon existing assets and previous
housing initiatives, including:
♦ Implementation of the Mi Casa Avon Resident Occupied
deed restriction purchase program, with 56 units added
between 2020 and 2025.
♦ Partnership with Eagle County for Good Deeds Avon
Price Capped deed restriction purchase program, with
10 units added since its inception in 2025.
♦ Updates to the Avon Community Housing Policies to
stay current with industry best practices and changing
market conditions.
♦ Several large-scale Town -sponsored rental projects in
the 1990s and 2000s, resulting in an inventory of 544
income restricted or price capped units,
♦ 63 deed restricted for sale units that were a result of
successful PUD negotiations;
♦ Establishment of a Community Housing Fund with
dedicated revenue sources;
♦ Employee Housing Mitigation requirements for new
development;
♦ Continued planning, zoning and land acquisition efforts to
create more opportunities for new Community
Housing development;
♦ History of regional collaboration with public sector, non-
profit and Private sector on housing issues;
♦ Adopted Community Housing tax and fee waiver
incentives;
♦ Adopted a restricted Short Term Rental Overlay District;
♦ The commitment to building Community Housing that
meets Climate Action initiatives;
♦ Amended the Commercial -Industrial Zone District to
allow deed restricted Community Housing; and
♦ Adopted Comprehensive Plan, which sets housing as a
top policy priority.
-r aeon=,I
For Immediate Release I April 17, 2025
Town of Avon and Eagle County
Housing and Development Authority
Partner to Expand Good Deeds
Program
Awn, CID — The Eagle County Housing and Development Authority (ECHDA) is
excited to announce the rollout of Good Deeds Phase II, a significant expansion of the
Good Deeds program, which was launched in 2021 to address the rising cost of
housing in Eagle County. With median home sales prices now hovering at $1.6 million,
Phase II increases the program's Maximum Purchase Price from $850,000 to $1.25
million, providing greater access to homeownership while preserving long-term
housing affordability for local residents.
In addition to increasing the maximum purchase price, Phase 11 introduces the
Community Partner Program, a collaborative initiative aimed at increasing funding and
support for homeownership in Eagle County. Through this program, ECHDA will
partner with communities and organizations to provide additional resources for
affordable housing.
Community Partner Program
Through the Community Partner Program, ECH DA will make a payment equal to 15%
of the purchase price of an atgible properly, with an additional 15% peyment provided
by the partnering organization. This combined 30% investment, capped at S375,000,
makes homeownership mom attainable for local residents and the workforce while
ensuring accessible homeownership opportunities for generations to come. This
program is exclusively available for open market properties in Eagle County and
utilizes Price Capped Deed Restrictions to ensure longterm affordability for locals.
The Town of Awn (TOA) played a key role in working with ECHDA to develop the
framework for the Community Partner Program. This collaboration served as the
catalyst for creating the new program within Good Deeds Phase II, demonstrating the
powerof regional partnerships and setting a strong precedent for other municipalities
in Eagle County to address housing challenges.
'The success of the Eagle County Good Deeds program has been beyond our wildest
imaginations. We are w happy to be working closely with the Town of Awn on this
next phase of the program to make the pot even sweeter for homebuyers. Locals,
start shopping todayl' said IGm Bell Williams, Executive Director for the Eagle County
Housing and Development Authority.
Good Deeds Avon
in collabcmtion with ECHDA, the Town of Avon launched Good Deeds Awn lu lr—do
its residents within Avon s jurisdictional boundaries an additional 15% toward the
Mass priceofeligible properties, matching ECHDA's payment This partnership,
Itmirrom tits structure of the n&My oreeled Community Partner Program,
ies Awn residems wrh a combined 30% buy down on eligible properties,
ng homeownership more attainable and accessible
Ve cannot have a stable and healthy community without community housing" said
Avon Mayor Tamm Nottingham Underwood 'We cannot build our way out of this
housing crieia. An effective housing program will require both new construction and
acquisition of dead restrictions on existing housing stock'
Good Deeds Phase II Hlghlightl,
Page 11 of 33
Strategies
Avon seeks to provide over 1,000 new Community Housing units targeted at moderate to middle -income
levels by 2036 through a combination of construction of new Community Housing projects, continuation of
successful Community Housing programs and implementation of targeted Community Housing policies. The
summary of opportunities indicates the potential to provide 1,000+ new Community Housing units if new
revenue sources and financial partnerships can support and accelerate construction projects, and
support and expand deed restriction purchase programs. Avon's Community Housing strategies are
intended to constitute and implement a "Housing Action Plan" as required by the Department of Local Affairs.
Projects, Policies and Programs are each discussed separately below.
This Community Housing strategy is heavily weighted towards increasing ownership opportunities. Avon
has an anticipated target to attain a range of new Community Housing comprised of 65-75% ownership
opportunities and 25-35% rental opportunities. The preference is to provide the maximum amount of 80-
100% AMI rental opportunities and 100-140% AMI ownership opportunities; however, the actual Community
Housing AMIs will depend upon available financial resources and the economics of each project. New
Community Housing rental projects are expected to be at or below 110% AMI, while new Community Housing
ownership projects may have a greater mix of Resident Occupied units without an appreciation cap on resale.
Housing Needs by Household Incomes
The overall mix of Community Housing projects, programs, and policies should provide housing across the
household income spectrum in proportion to the housing needs identified in the HNA. Particular attention must be
given to the housing needs of extremely low-income, very low-income, and low-income lower, ,e households,
who are more vulnerable than higher -income households and are often underrepresented. The 2025 Eagle County
Regional Housing Needs Analysis estimates Avon will need 454 units of affordable housing for households under
80% AMI in the next ten years, as well as an additional 150 units of supportive housing for unhoused residents
countywide. Evaluation and reporting on the different household income levels served by new Community Housing,
compared with the needs stated in the HNA, should occur annually. Consideration should be given to other
affordable housing projects in the Eagle River Valley that may serve households at a variety of income levels.
Environmental and Climate Eguity5
When developing Community Housing projects, programs, and policies, Avon should evaluate and seek to
address the potential fe disproportionate environmental burdens and impacts on lowerincome households and
marginalized communities that may result from or be exacerbated by a lack of access to affordable sueh housing-
aetiVities. Evaluation should include energy and water efficiency, access to weatherization programs and clean
5Environmental and climate equity in community housing ensures that marginalized, low-income, and historically redlined
communities are not disproportionately burdened by climate change hazards. It involves creating safe, permanently affordable,
and climate -resilient housing that reduces carbon footprints while actively improving public health.
Page 12 of 33
energy; indoor environmental quality; resilience to extreme weather; proximity to and connection with public transit,
public facilities, and amenities; proximity to and connection with grocery stores and neighborhood commercial
establishments; inclusion in and integration with existing and adjacent neighborhoods; and the incorporation of
inclusive processes designed to increase participation by underrepresented communities.
Projects
The following table lists Community Housing projects over the next ten years. Projects that are shown as
"RO" or "Resident Occupied" may include some mix of price -capped units offered for sale at a lower price
point meeting the 100-140% AMI demand, depending upon the availability of funds. The details of each
project may evolve based on available financial resources and Community Housing demands. Each project
is discussed in more detail in Appendix A. Appendix A may be updated when determined
Pending/New Construction Community Housing Projects
R = Rental, 0 = Ownership, PC = Price Capped, RO = Resident Occupied (no price cap)
Project Name
Units
Type
AMI
Developer
Land Ownership
Hidden Valley Estates
54
0-RO
N/a
Private
Private
CH2: Avondale Apartments
40
R-PC
110%
Public
TOA
CH1: Lot 8-PA-E
24
0-PC
120%
Public
TOA
State Land Board: Parcel 1
104
R-PC
100%
Public/Private
Public
91 Beaver Creek Place
20
0-RO
N/a
TBD
TOA
Slopeside
106
R-PC
100%
Public
TOA
Wildwood Annex
12
0-PC
120%
Public
TOA
Sun Road Redevelopment
100
0-RO
N/a
Public/Private
Public/Private
East Avon Preserve
100
0-TBD
N/a
TBD
TOA
Village Community Housing
80
0-RO
N/a
Private
Private
Village Community Housing 110
TOTAL 750
Total New Rental 250
Total New Ownership 500
A
neon
Programs
TBD 1 120-140% I TBD I Private
GO TO APPENDIX A: HOUSING PROJECTS
Avon Housing Programs
Click on link above for Program Definitions
Deed Restriction purchase programs have significant advantages because they do not require new land
Page 13 of 33
and construction, which can be polarizing. They also do not require the cost, complexity and timeframe of
new construction projects. They provide significant flexibility in allowing a home buyer to shop and choose
the home that best meets their needs and preferences. Deed Restriction purchase programs provide a
significant financial contribution to assist a home buyer with the purchase of an existing home and requires
the execution of a Deed Restriction which permanently restricts the use of the resident to full-time residents
working in Eagle County. Avon currently supports three deed restriction purchase programs to assist new
home buyers, including:
iMi Casa Avon! provides a 12% match up to a maximum of $150,000 for a Resident Occupied Deed
Restriction, which does not have an appreciation cap on the resale price.
Goods Deeds Avon provides a 30% match in partnership with Eagle County up to a maximum of $375,000
for a Price Capped Deed Restriction, which limits the price appreciation on resale. This is contingent upon
annual appropriations from Eagle County.
MEHOP or Municipal Employee Housing Ownership Program provides a 30% match to Town of Avon
employees up to $375,000 for a Price Capped Deed Restriction, which limits the price appreciation on resale and
requires the resale to be to a Town of Avon employee or to the Town of Avon.
Programs (Deed
Restriction Purchases) Annual 10 Years
Mi Casa Avon
8
80
Good Deeds
16
160
MEHOP
2.5
25
TOTAL 27 265
Mi Casa Avon
■ Good Deeds
MEHOP
■ TOTAL
Page 14 of 33
Policies
Policies include regulations in the Avon Municipal Code that establish requirements to provide Community
Housing, such as employee housing mitigation and inclusionary zoning, and incentives to provide Community
Housing, such as Development Bonuses and tax and fee waivers. Policies also include existing and new
dedicated revenue sources to support Community Housing.
Existing Development Policies:
The following Development Policies address planning, land use and development and are currently adopted
and in effect:
1 • Allowing Community Housing in all zone districts.'
2. Expediting and prioritizing review of Community Housing development applications.'
3. Employee Housing Mitigation to mitigate 20% of the employee housing demand created by a new
development.
4. Tax and Fee waivers for Community Housing projects.'
5. Short Term Rental regulations that limit or prohibit short term rental licenses in designated areas of Avon.
Short Term Rental use is monitored throughout Avon and is periodically assessed.'
6. Development Bonus process to allow greater building height, greater site coverage, reduced parking and
reduced setbacks for Community Housing.'
3-Mile plan that identifies the State Land Board property as eligible for annexation and planned for 100%
of residential units to be zoned and developed for Community Housing.'
8. Seek collaboration and partnership with Eagle County, Town of Vail, Habitat for Humanity and other local
government, non-profit and private sector regional partners.
Based on existing Development Policies the following projection is provided for new Community Housing units
that would result from new development:
Policies Annual 10 Years
Employee Mitigation/Dev Bonus/Inclusionary 5* 50
TOTAL 5 50
*Average
Existing Revenue and Funding Policies:
The following revenue and funding policies are currently adopted and in effect.
2% Short Term Rental Excise Tax is dedicated to the Community Housing Fund.'
10% of Avon's 2% Real Estate Transfer Tax is dedicated to the Community Housing Fund.'
'Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies.
Page 15 of 33
4% Use Tax on Construction Materials is dedicated to the Community Housing Fund, subject to the prior
agreements in the Village (at Avon) to remit the Use Tax revenue to Traer Creek Metropolitan District
until such time as the Town of Avon has satisfied its tax credit obligations.'
4. Avon Downtown Development Authority is required to spend at least 50% of tax increment revenue on
Community Housing.'
5. Council may consider and approve expenditures from the unrestricted General Fund reserve balance to
support land acquisition and construction of Community Housing projects.'
Avon has "Opted -In" to Colorado's Proposition 123 program, which makes Avon potentially eligible for state
grants. Avon has applied for a waiver to allow Proposition 123 funding to be applied toward projects that
serve up to 110% AMI.1
New Development Code and Planning Policies to Promote Community Housing:
New policies described below are not formally adopted by this Avon Community Housing Plan; rather,
these policies are identified as appropriate for research and analysis by Council, appropriate citizen
committees, the development community, and the general public through work sessions and public hearings.
These policies for new residential development seek to maximize the percentage of Community Housing in
new residential development to the extent economically and legally feasible. The Village (at Avon) Planned
Unit Development has vested property rights which limit the applicability of new development policies that
require increased Community Housing.
1. Employee Housing Mitigation: Consider increasing the required mitigation from 20% to 30% and
reduce the maximum rent or sales price from 120% to 100% AMI. The purpose of this policy is to
increase the number of Employee Housing Mitigation Units required by new development and to require
such units to be more affordable. Clarify the Employee Housing Mitigation regulations to state that
Community Housing units are not included in the Employee Housing Mitigation calculation.
2. Inclusionary Zoning2*: Consider adopting an Inclusionary Zoning requirement for the Town Core which
requires up to 50% of new residential units to be Community Housing. Employee Housing Mitigation
units that are required would be credited towards the required Community Housing allotment. The
purpose of this policy is to increase Community Housing units in the mixed -use center of Avon where
water rights exist to support increased density and increased density can be most efficiently served with
existing public infrastructure.
3. 3-Mile Plan Annexations: Consider revisions to the 3-Mile Plan to include language which identifies
the desired and appropriate percentage of Community Housing units with new annexations that include
residential development. The purpose of this policy is to maximize the percentage of new residential
units associated with annexations in the 3-Mile Plan to the extent economically feasible.
1 Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies
2 Inclusionary zoning is a municipal or county regulatory policy that requires or encourages real estate developers to set aside a
specific percentage of newly constructed residential units for low- to moderate -income households. It is designed to create mixed -
income communities and counteract exclusionary housing practices.
Page 16 of 33
New Revenue Policies for Consideration:
1- Seek potential new funding sources through the adoption of a Regional Housing Authority. Such
revenues sources may include a Sales Tax, Use Tax, Property Tax and/or other revenue sources.'
2. Explore an increase to the Short Term Rental Tax based on review of peer communities.
3. Support uniformity of dedicated taxes for Community Housing across different local government
jurisdictions in Eagle County.*'
4. Explore options to allow voter approval of new taxes dedicated to Community Housing through the state
legislative process.'
5. Strive to increase the portfolio of affordable rental properties that generate positive cash flow which can
then financially support each other and provide financial leverage to support future develompent of
additional affordable rental properties.'
6. Discontinue the annual transfer of 10% of Avon's 2% Real Estate Transfer Tax (RETT) revenues when new
dedicated revenues for Community Housing are established. Avon's anticipated capital
improvements needs to maintain and construct public infrastructure for the next decade and beyond
exceeds available RETT revenue.
Ten Year Community Housing Goal
The total Community Housing goal for the next ten years is summarized below. Fully implementing the
projects and programs identified in this Plan will require additional financial resources.
SUMMARY next 10 years
Projects
750
Programs
265
Policies
50
TOTAL
1065
Future Community Housing Projection
■ Projects
■ Programs
■ Policies
■ TOTAL
Future Community Housing beyond ten years is more speculative for planning purposes. The following
potential opportunities are identified below. Additional Community Housing opportunities may arise through
land acquisitions and public -Private partnerships.
FUTURE - Long Range 10-20 years
Project Name Units Type AMI Developer
East Town Center Redevelopment
240
O-RO
N/A
TBD
North River Parcel
200
O-RO
N/A
TBD
State Land Board Parcels
396
TBD
TBD
TBD
Forest Service (adjacent to North River)
100
O-RO
NA
TBD
TOTAL 936
1 Meets DOLA's Housing Action Plan Standard Affordability Strategies, Long Term Affordability Strategies, and/or Displacement
Mitigation Strategies
Page 17 of 33
Investment Guidelines
Avon must invest limited financial resources wisely to meet
the goals of this Community Housing Plan. The Town
recognizes that Community Housing development
opportunities are often specific and unique to an available
property, potential partnerships, and financial parameters set by
state and federal agencies; therefore, differences are
expected between creating ideal projects that clearly meet all
frameworks with the construction cost realities surrounding
possible projects. This reality results in Community Housing
programs and projects that may not be able to meet all the
goals (next page). Rather, the following is intended to assist
with the evaluation of proposed programs and projects. This
list is not intended to be exhaustive, and additional
considerations may be relevant.
♦ Ensure that all Community Housing programs,
policies, or projects align with the goals and objectives
of the Comprehensive Plan and the Community
Housing Plan.
♦ Use Town of Avon investment in projects to bridge the financial gap between free market conditions and
Community Housing economics, enabling programs or projects to move forward.
♦ Encourage or incorporate resource conservation, energy efficiency, sustainable development, and
climate action goals in programs or projects, as financially feasible.
♦ Select locations for programs or projects that offer reasonable access to public services and amenities
supporting full-time residential use, such as schools, parks, trails, transit, multi -modal transportation, job
centers, neighborhood businesses, and other public services.
♦ Attract and utilize financial participation from partners, including local governments, state and federal
sources, non -profits, and Private investors, for each program or project.
♦ Ensure that each program or project positively leverages the Town of Avon's financial investment.
Page 18 of 33
Extremely, Very, and Low -Income Housing: Partnerships, Programs, and
Strategies
According to the 2025 Eagle County Regional Housing Needs Analysis, Eagle County's existing programs are
not sufficient to address all the needs on the housing continuum, as shown in the table below. This is, in part, because
the provision of extremely low-income, very low-income, low-income, and supportive housing is not typically
supported by the private sector and requires a unique, often regional approach that includes leveraging partnerships,
federal programs and funding, and regional strategies. As such, Avon participates in and/or supports the following
partnerships, programs, and strategies aiming to provide housing for the lowest income brackets. Still, a gap remains
(To what extent do you think Avon and Eagle County will be able to address the ELI—LI need?)
Figure 69. Existing Housing Program Coverage
R-1 —Owner Both
AMI Cate o
Tenure
c70X - 70X-50% 50X-BOX BOX-t00X 100X-120% 120X-i<0% 160%-160% 160%.180% - 180%.200% - 200%.220% 220%.240% 240%.260% 260%.280% >280%
Rental
........_.._..Condo
Condo
MarkelRato
Own Townaome
SFR
............. %......._......__.. ::.....;:
..
........._.._.._.._..._.._..;......__._.._....._......__.__.....__....__ .__.—.1-.___.__-s- __ ----- -----------
� � I i ___.
Deed Resln< IF— Capped) Ownor
Oeetl Resm.-(Price Cappetl Ovmer i i
and Inrome Reslncled) I
Deed ReseOon Renlel
(Resldent.Occupled) Ownar.................
.................... w................... <.....................
Ha•ilal for Humanity Owner '
Public Housing Rental
(ECHDA CHFA, local)
Supppoms Services NIA
(aOmele65ness, etc )
Sauce: k15. U.S. Consul Bureau, VeNy Wrm Slao. January 2025 C needy Hdntp Hrenipy. FcmmK 8 Rsnnrg sysio�
(The following are just examples/suggestions):
Partnerships:
• Habitat for Humanity
• xx
Local Proarams/Services:
• Eagle County Homeless Services
• Eagle County General Assistance Program
Federal Programs/Services (how many households do these programs serve in Eagle
County?)
• Low -Income Housing Tax Credit
• Section 8
Strategies:
• Preservation: The preservation of existing affordable units, such as the Aspens
manufactured home community, will also be crucial to preventing further loss of
affordable homes.
Page 19 of 33
• xx
THE ASPENS:
COMMUNITY
PRESERVATION
Avon recognizes the importance of manufactured home
communities, which offer a rare combination of density and
affordability essential to Avon. Manufactured home communities (MHCs) provide residents with relatively
affordable housing in the valley, and Avon is committed to preserving this option and supporting its
residents. However, this is challenging because the land is privately owned and lacks protective covenants
to ensure long-term preservation.
Manufactured homes typically last 30 to 50 years. Without regular maintenance and energy efficiency
upgrades, these homes are less resilient to extreme weather and consume more energy. According to the
2025 Eagle County Regional Housing Needs Analysis, manufactured home residents in Eagle County reported
experiencing housing insecurity as a result of not owning the land beneath their homes, rising lot rents, high
utility bills (particularly heating), and lack of access to programs and resources available to other homeowners
(e.g., financial aid for home repairs). Replacing older units is costly and technically challenging. Avon needs
programs to preserve this vital affordable housing, starting by acknowledging the significance of the Aspens
community, and the need for its preservation.
Preserving manufactured home parks in Colorado usually involves a combination of legislative
protections and local government action to address rising land values and private equity redevelopment.
Since mobile homes are often permanent structures on rented land, these communities are vulnerable to
displacement and predatory rent increases. As land becomes scarcer, affordable sites risk being converted
into luxury developments.
Page 20 of 33
I
E7
POSSIBLE PROTECTIVE PATHWAYS
1. Encourage The Aspens to Form a Resident -Owned Cooperative
Avon should encourage the Aspens to consider becoming a Resident -Owned Cooperative (ROC)
which transitions a park into a Resident -Owned Community — a priority standard for long-term
preservation. Colorado law grants residents the "right of first refusal," requiring park owners to give
homeowners notice of a pending sale and an opportunity to match third -party corporate offers. Non-
profits like Thistle Communities and ROC USA step in to help communities organize, navigate multi-
million dollar real estate transactions, and secure low -interest financing. Avon could require by code
that park owners must provide ample public notice (e.g., 90 to 180 days) to residents and local
municipalities before putting the park on the market.
2. Public Purchase
Under Colorado state law, park residents can assign their statutory right of first refusal to a local
housing authority, non-profit housing provider, or land trust. Avon has a Housing Authority that could
be used for this purpose. Avon could also codify the right for local housing authorities, municipalities,
or resident -owned cooperatives to match offers to purchase the land, preventing sudden sell -offs to
corporate developers. Local housing authorities occasionally purchase parks outright to assume
immediate management, stabilize rents, and absorb the initial infrastructure risks before eventually
transitioning control back to the residents.
3. Regulatory Protections — Avon Municipal Code
With State mandates requiring landlords who plan to close or rezone a park for redevelopment to
financially compensate displaced tenants for their relocation costs, Avon could also require the loss of
density and affordability be a condition of rezoning any zone district. This can be done by creating a
zoning overlay that restricts the land from being turned into luxury or traditional apartment complexes
without mitigation, or a new anti -displacement of Community Housing provision where any loss of
Community Housing shall require replacement of the units lost, maintaining the same AMI levels as
was in place prior to redevelopment.
Outside of the Avon Community Housing Plan, the foundational Comprehensive Plan can be updated
to create a specific district for the Aspens that goes beyond its affordable housing values to recognize
and memorialize it as a distinct planning area. This new district may include design aspirations and
future planning goals as they relate to maintenance, preservation and general land use.
■■■■ • MEMO �►
■■■■ ■■ ■■ E� �� �� NONE NE ■■ ■■No ME ME
0 ON no ON an
Page 22 of 33
AVON NORTH
Wildwood Annex
Legal Description:
WILDRIDGE SUBDIVISION Tract. N
Wildwood Road
Area in yellow is the developable portion of Tract N
Property Size 1.0 Acre
Zoning
Wildridge PUD — Public Facility Designation
Ownership
Town of Avon
Project Goals
12 three -bedroom condominiums, Ownership
Infrastructure
Extension of water and sewer to serve this property is required for development.
Entitlement
Development approval requires an amendment to the Wildridge Planned Unit
Development to change the PUD Public Facility designation to an appropriate
Community Housing zone district designation, subdivision to create the specific
development parcel, and Avon voter approval to authorize the sale of the
Community Housing units.
Above: Basic Concept Evaluation
Existing Site and Conditions
Page 24 of 33
AVON NORTH
Hidden Valley Estates
HIDDEN VALLEY ESTATES
Legal Description:
HIDDEN VALLEY ESTATES SUBDIVISION
Metcalf Road
Property Size 7.2 Acres Industrial, with permitted use of Community Housing
Zoning Light Industrual & Commercial
Ownership Private
Project Goals Development of a mix of 54 deed restricted townhomes/duplexes
Infrastructure Infrastructure to support development has been installed
Entitlements Avon approved a Development Agreement for the site
r
1.
Above Photo: 2026
Page 25 of 33
"ON TOWN CENTER
The Sun Road Redevelopment Area
The Sun Road Redevelopment Plan
("Sun Road Plan") is a sub -area plan
that establishes planning goals and
investment strategies to promote
redevelopment of an approximate 8-
acre area centrally located in the Town
Core on the southwest corner of the I-
A
Avon
70/Avon Road Interchange. The Sun
Road Plan area is substantially
underdeveloped under the Town Center zoning, which allows high -density mixed -use development. The
central location, proximity to Harry A. Nottingham Park, and convenient access to Avon Road and the I-
70 interchange present a unique opportunity for a high -quality redevelopment project that incorporates
residential density into the Town Core.
91 Beaver Creek Place is located in the East Town Center subarea. This plan is currently being updated.
This East Town Center Plan establishes a community based plan and vision for the redevelopment of
the Plan area which best supports Avon's Comprehensive Plan goals, the Avon Community Housing
Plan, the West Town Center Investment Plan, the Sun Road Redevelopment Plan, and the Avon
Downtown Authority Development Plan. Existing development in the Plan area is substantially
underutilized compared to development allowed under the Town Center zoning, and redevelopment of this
area presents a unique opportunity to guide and support high density development to achieve many
community goals.
Slopeside, is not within either plan. However, its juxtaposition in the area of these two subareas is
complimentary in that Slopeside will be a walkable neighborhood, slated as workforce housing.
Page 26 of 33
1. Sun Road Redevelopment Area
x.
Property Size
Zoning
Ownership
Project Goals
Infrastructure
Entitlements
Sun Road Redevelopment Area
AM
Legal Description. -
SUN ROAD REDEVELOPMENT AREA
Sun Road/West Beaver Creek Blvd
5.4 Acres
Town Center
Mixed Private and Town of Avon
A mixed -use, transit -oriented redevelopment project
with 70,000+ sq.ft. of ground floor commercial
space and 150-300 deed restricted Community
Housing units
Infrastructure to support development is available
Development will require review of a Development
Plan and a potential Density Bonus application.
The Sun Road Plan area is substantially underdeveloped
under the Town Center zoning, which allows high -density
mixed -use development. The central location, proximity
to Harry A. Nottingham Park, and convenient access to
Avon Road and the 1-70 interchange present a unique
opportunity for a high -quality redevelopment project that
incorporates residential density into the Town Core.
READ THE FULL PLAN - LINK
SUN ROAD
REDEVELOPMENT
PLAN 2025
Page 27 of 33
2. 91 Beaver Creek Place (North Court)
Legal Description.-
91 BEAVER CREEK PLACE - BENCHMARK AT BEAVER CREEK LOT
Beaver Creek Plaza
Property Size 0.57 acres or 24,829.2 sq. ft Acres
Zoning 91 Beaver Creek Point: Shopping Center (Retired) (Sc)
Ownership Town of Avon
Project Goals A mixed -use, 3-4 story building with ground level commercial and -20-30 deed restricted
housing units above
Infrastructure Infrastructure to support development is available
Entitlements Development will require a zone change to Community Housing, Mixed -use
91 Beaver Creek Place
The 0.57-acre property is located in the East Town Center area. The property currently has a small
commercial building, with opportunities for local businesses to lease until redevelopment occurs.
Acquisition of this property presents a significant opportunity for future Community Housing units. The
East Town Center District Plan anticipates redevelopment efforts that would increase residential
density within the area. The Town of Avon possesses adequate water rights to support higher -density
development in the Town Core and currently provides this property with access to Avon's
complimentary transit services. The building itself is not in adequate condition for reuse, offering future
owners the opportunity for newly constructed deed -restricted residences.
Page 28 of 33
3. Slopeside Community Housing
Legal Description:
SLOPESIDE COMMUNITY HOUSING SITE — BENCHMARK AT BEAVER CREEK
TRACT Y & SWIFT GULCH ADDITION LOT 2
Swift Gulch Road
Property Size 3.41 ac and 1.43 ac. Totals: 4.8 ac or 210,830.4 sq. ft
Zoning Community Housing High Density (CHHD-1) and allocated Public Facilities (East parcel)
Ownership Town of Avon
Project Goals Residential rental project of 106 units targeted at 80-100% AMI
Infrastructure Infrastructure to support development is available
Entitlements Development will require a zone change on the east parcel from to CHHD-1 (same as the
west parcel); consolidation of the two parcels into one parcel through a Subdivision
Amendment
Slopeside
The Future Land Use Map in
the Avon Comprehensive Plan
highlights these properties as
both a gateway into Avon and
a cornerstone property for
Community Housing. Once rTf
envisioned for 105 homes, the `
site was later transformed —its
t-;
west parcel preserved for ;F , ,� • , .
open space, landscaping, and
7.
drainage ("OLD"), while the
east parcel was set aside for
public use (Civic/Public
Facility within the Swift Gulch
Addition PUD). Today, these
parcels offer more than just land: they feature a key stretch of the pedestrian and bike trail connecting
Avon Road to Post Blvd, alongside the historic Nottingham Puder Ditch. Now, Slopeside is poised to
shape the community's future with a bold proposal for a 106-unit Community Housing development that will
reinvigorate this walkable area and address critical housing needs.
Page 29 of 33
Village (At Avon) PUD
Proposed Community Housing Sites 2026
The Village (at Avon) area presents valuable housing opportunities for both rental and ownership projects.
CH1 and CH2 are both flat properties that contain all necessary unitalities in close proximity. With zoning
secured for these sites via a PUD amendment in 2026, the design of projects can commence.
Development of the East Avon Preserve is dependent on significant coordination for access and water
service by future water tank(s) above the property. The timeframe for developing the East Avon Preserve
is dependent on adjacent development, which triggers the implementation of a new water tank, making the
timeframe much longer than CH1 and CH2. However, this site may open up the availability for the
construction of a housing type no slated for any other Avon project. That being, possible duplex and or
single family units (or a mix thereof).
Page 30 of 33
1. Village (at Avon) — CH1 Community Housing Site
Legal Description:
CHI — Lot 8, VILLAGE (AT AVON) PUD
East Beaver Creek Blvd.
Property Size Approximately 1 acre * See Entitlement Needs below
Zoning CH1 — Community Housing Per PUD
Ownership Town of Avon
Project Goals Within the Village (at Avon) and adjacent within the East Avon Preserve, create a variety of
dedicated Community Housing Units with ownership and rental opportunities
Infrastructure Infrastructure to support development is available
Entitlements This development will need an amended plat to define this property and separate it from the
neighboring Childcare Center property. Design Review approval by Village (at Avon) DRB
Village (at Avon) 2026 — CH1/Lot 8,
Future Community Housing
Formally Lot 8, Planning Area F, this property
has been conveyed to the Town of Avon by the
Village (at Avon) as a condition of a joint PUD
amendment application. The amendment
changed the allocation of Lot 8 from PA-F (the
same uses as permitted on the Piedmont
parcel) to CH1 (Community Housing).
Avon anticipates approximately 24
condominium units are possible for this property
(see very basic analysis above), although an in depth site analysis has not been explored for
development on this property. Staff performed a `fit' exercise to show a 80'x180' footprint (14,400 sq.ft.)
condominium building that could serve units on two sides of a central corridor or drive path.
Further design work and conceptual designs are required to confirm general layout and programming.
The design plans will ultimately be reviewed by the Village (at Avon) Design Review Board.
Page 31 of 33
3. Village (at Avon) — CH2 Community Housing Site: "'Avondale"
h
--- ------- -�= tl
j
Legal Description:
CH2 — Lot 5, VILLAGE (AT AVON) PUD
Yoder Avenue
Property Size Approximately 3 acres * See Entitlement Needs below
Zoning CH1 — Community Housing Per PUD
Ownership Town of Avon
Project Goals Within the Village (at Avon) and adjacent within the East Avon Preserve, create a variety of
dedicated Community Housing Units with ownership and rental opportunities
Infrastructure Infrastructure to support development is available
Entitlements This development will need an amended plat to define this property and separate it from the
neighboring Childcare Center property. Design Review approval by Village (at Avon) DRB
Village (at Avon) 2026 — CH21Lot 5, Avondale Apartments Community Housing
Council provided direction in early 2023 to proceed with due diligence for a Community Housing project
on this property owned by Avon. This resulted in the creation of the "Avondale Apartments" community
housing project, on Lot 5, a Town -owned property previously designated for Public Facilities within the
Village (at Avon) PUD. Adjacent to Home Depot at the end of Yoder Ave. Much like the amendment
for Lot 8 to CH1, Avon proposed updating Lot 5's designation to reflect its intended primary use as
Community Housing, replacing the Public Facilities language but still permitting other public uses. Lot 5
is designated as Community Housing (CH2) within the PUD, providing clear guidance for this use. The
zoning for CH2 now permits up to 40 units and up to a 60' building height. Design plans will be
developed for this rental project, and presented to the Village (at Avon) Design Review Board for
approval.
Page 32 of 33
2. East Avon Preserve
EAST AVON PRESERVE - Unplatted
Wagon Trail Road
Property Size 37.357 acres with 7-15 Acres (of potential development area)
Zoning Public Facilities
Ownership Town of Avon
Project Goals Development of 100+ Community Housing units
Infrastructure Construction of new water storage tank is required
Entitlements Rezoning appropriate portions of the property to Community Housing, subdivision/platting
The East Avon Preserve Parcel ("EAP") totals 85.99 acres and consists of two parcels. Avon acquired
the EAP in 2013 from the United States Government through a Multi -Party Land Exchange agreement.
Avon and Eagle County entered into an Intergovernmental Agreement, referring to the East Avon
Preserve Parcel as the "Village Parcel." The agreement states that once the boundaries for "affordable
housing" and community facilities are set and the road and trail alignments are determined, Avon will
grant a conservation easement to a mutually acceptable land trust on the remaining acreage. The
area was zoned Public Facilities ("PF") when it was acquired. Avon's plans identified the upper
northeast corner as an area for potential housing. A slope analysis was conducted in 2022 slope
analysis and a more refined potential development areas were identified (shown in the image above).
Additional planning analysis is required to determine if additional area may be potentially developed for
Community Housing and if wastewater infrastructure can serve additional density.
Page 33 of 33
State Land Board
Legal Description:
UNPLATTED, DOWD JUNCTION
Highway 6, Eagle -Vail
Property Size
71 Acres
Zoning
General Commercial and Resource per Eagle County land use code
Ownership
State Land Board
Project Goals
300 Community Housing units, developed in phases with an early phase of 100 units
between US6 and the Eagle River and future phase of 200 units on the north side of the
Eagle River
Infrastructure
Infrastructure exists on the south side of Eagle River for first phase. Significant
infrastructure is required to extend utilities and vehicle access to the north side of the Eagle
River.
Entitlement Needs
Annexation into the Town of Avon, zoning, and subdivision
r2.
Apartment Site
�-4.60 acres
River Corridor
20.54 acres
3. River North Parcel
-53.14 acres
Page 34 of 33
APPENDIX B: IMPLEMENTED
COMMUNITY HOUSING STRATEGIES
History of Accomplishments
• Ordinance 2019-01, Community Housing Incentives for Sales Tax and Fee Waivers
• Ordinance 2019-03, Inclusionary Housing regulations to include mitigation for new multi -family and
commercial developments.
• Ordinance 2019-06, Industrial Commercial Zone District Amendments to permit Community Housing as
a Use by Right.
2 Deed Restricted for sale units constructed at One Waterfront Way.
Council Resolution 2020-25, Approving Fee Waivers and Deed Restrictions for 9 Rental Units at 77
Metcalf.
1 Resident Occupied Deed Restricted for sale unit at Riverfront Lodge.
Resolution 20-15, implementing the Mi Casa Avon Deed Restriction program. There have been 57 Mi
Casa Avon deed restrictions recorded on free market units.
• 2 Resident Occupied Deed Restricted Units at Frontgate.
• Council Resolution 2021-08, Approving Fee Waivers for Capital Improvement Project at 1011 West
Wildwood Road.
• Ordinance 21-13 Amending the Avon Community Housing Plan.
Council Resolution 2021-20, Approving Short -Term Rental Tax Ballot Question for Community Housing
funding.
• Purchase of Metcalf Lofts G20 for use as Employee Housing.
• 2023, created a full-time Housing Planner position.
• Ordinance 23-18, adopting All Electric, Net Zero Energy Use Policy for Community Housing Projects.
Ordinance 23-30, The Avon Community Housing Policies (circa 1990/1991) were replaced in their
entirety in 2023.
• 4% Use Tax on construction and building materials passed by voters in November 2024, funding
Community Housing.
• Ordinance 24-01, creating Community Housing Zone District.
• Ordinance 24-04, Rezoned Tract Y from OLD to Community Housing High Density-1.
• Resolution 24-10, Employee Housing Plan implemented.
Downtown Development Authority formed with a portion of funds allocated to Community Housing.
• 2024, Recipient of DOLA's Local Capacity Planning Grant in the amount of $160,000 to investigate the
feasibility of a Multijurisdictional Housing Authority.
Page 35 of 33
• One (1) Resident Occupied Deed Restricted Unit constructed at Kestrel.
• Ordinance 25-01, The Avon Community Housing Policies updated.
Purchase of 3008 Wildridge Rd 1A for use as Employee Housing.
• Resolution 25-13, approving the purchase of 15 Sun Rd for eventual redevelopment, inclusive of
Community Housing.
• 2025: Replacement Price Capped Deed Restriction is available for units with old deed restrictions that do
not reflect current practices, policies, and provisions. The new version offers updated Permitted
Capital Improvements for owners as a predominant upgrade.
• Eagle County Regional Housing Needs Analysis was completed in 2025.
• Partnership with Eagle County for Good Deeds Avon, offering buyers a 30% cash payment in exchange for
recording a Price Capped Deed Restriction on a free market home at closing.
• 10 Good Deeds Avon Price Capped Deed Restricted Units in Avon in 2025.
• Resolution 26-01, approving the purchase of 91 Beaver Creek Place for eventual redevelopment,
inclusive of Community Housing
• Ordinance 26-02, approving Village (at Avon) PUD Amendment, permitting Community Housing on CH1 and CH2
including the conveyance of CH1 to the Town of Avon.
Page 36 of 33
APPENDIX C: INCOMES
Area Median Income for Eagle County in 2026
Household Size
1
2
3
4
5
6
AMI Classifications
30% AMI (Extremely Low)
$ 29,130
$ 33,300
$
37,470
$ 41,610
$ 44,940
$
48,270
50%AMI (Very Low)
$ 48,550
$ 55,500
$
62,450
$ 69,350
$ 74,900
$
80,450
60%AMI (LIHTCMaximum)
$ 58,260
$ 66,600
$
74,940
$ 83,220
$ 89,880
$
96,540
80% AMI (Low)
$ 77,680
$ 88,800
$
99,920
$ 110,960
$ 119,840
$
128,720
100% AMI (Median)
$ 97,100
$ 111,000
$
124,900
$ 138,700
$ 149,800
$
160,900
120% AMI
$ 116,520
$ 133,200
$
149,880
$ 166,440
$ 179,760
$
193,080
140% AMI (Moderate)
$ 135,940
$ 155,400
$
174,860
$ 194,180
$ 209,720
$
225,260
Affordable Home Calculation by AMI, 2026
AMI%
30%
60%
80•0
100%
120%
140%
Household Income - 2 persons
$
33,300
$ 66,600
$
88,800
$ 111,000
$ 143,880
$
155,400
Affordable Monthly Payment (30%)
$
833
$ 1,665
$
2,220
$ 2,775
$ 3,597
$
3,885
HOA, taxes, insurance (20% of pmt) $
167
$ 333
$
444
$ 555
$ 719
$
777
Maximum Mortgage Payment
$
666
$ 1,332
$
1,776
$ 2,220
$ 2,878
$
3,108
Maximum Mortgage Amount
$
122,765
$ 245,530
$
327,373
$ 409,217
$ 530,433
$
572,903
Less: Closing Costs
1.5% $
(1,841)
$ (3,683)
$
(4,911)
$ (6,138)
$ (7,956)
$
(8,594)
Plus: Down Payment
10% $
12,276
$ 24,553
$
32,737
$ 40,922
$ 53,043
$
57,290
Maximum Purchase Price
$
133,200
$ 266,400
$
355,200
$ 444,000
$ 575,520
$
621,600
Freddie Mac 30 year historical average
6.51 %
6.51 %
interest rate 5/21/2026
Affordable Rent
$
833
$ 1,665
$
2,220
$ 2,775
$ 3,5G7
$
3,885
Affordable purchase prices were calculated assuming that a household would have 10% for a down
payment and would qualify for a loan at 30% of their monthly income. HOA, property taxes and insurance
of 20% were included in Mortgage Amount. The Maximum Mortgage assumes an interest rate of 6.51 %,
which is Freddie Mac's historical average over the past 30 years for a 30-year fixed rate mortgage. Interest
rates have risen since 2023, adversely impacting affordability.
MEDIAN HOME PRICE
$1,060,863
AFFORDABILITY GAP
$616,863
AVERAGE HOUSEHOLD
BUYING POWER
$444,000
Page 37 of 33
APPENDIX D: Definitions &
Best Practices
Topic
Process, Method, or
Definition
Jurisdiction
Frequency
Carbondale, Eagle,
Inclusionary
Either Recommended
A percentage of residential units in new subdivisions/ PUDs
Eagle County, San
Housing
(e.g., Eagle County) or
are restricted for workforce housing.
Miguel County,
Required ( e.g., Eagle)
Eagle, Crested
New residential and/or commercial development to contribute
Butte
to workforce housing relative to demand generated by the
Employee Linkage)
Typically Required in
new construction. For residential, mitigation rate often
Avon, Telluride,
Mitigation
Codes
increases based on square footage, and deed restricted units
Aspen, Mt. Crested
are typically exempt. Fees in lieu provide revenue stream
Butte, Vail
that fluctuates with building activity. Documented
relationship between fee and impact required.
Water/sewer tap fees, building permit or other fees waived in
Avon,
Fee Waivers
Available —
part or whole to reduce cost to build affordable housing.
Breckenridge,
Development Specific
General funds or other source need to cover cost of fees
Crested Butte,
waived.
Eagle County, Vail
Funding is a core component of building housing and running
successful housing programs. Few programs begin with
funding; rather, finding funding is an incremental process that
Avon, Summit
Dedicated Funding
goes hand in hand with creating goals and objectives,
County, Steamboat
Source
Varies
developing policies, securing appropriate land for housing,
Springs, Crested
and moving forward with public/Private partnerships.
Butte, Aspen,
Dedicated funding sources take many forms including grants,
Telluride
fee in lieu payments, taxes, voluntary assessments,
proceeds from rents or sales.
Partnering with developers to build attainable units, typically
Avon, Eagle
Public/Private
on publicly owned sites, or using other public resources such
County, Vail,
Partnerships
Common
as property tax exemption. RFQ/RFP process effective for
Breckenridge,
selecting development partners. Ownership of land can be
Boulder
retained with long-term land leases to operators.
An individual who is an employee working in Eagle County
Qualified Employee
Typically Required and
yp y q
who works an average of at least thirty (30) hours per week
Avon, Vail, Eagle,
/ Eligible
Vetted by Jurisdiction
on an annual basis or earns seventy-five percent (75%) of his
Eagle County
Household
or her income and earnings by working in Eagle County; or a
retired individual, sixty (60) years or older, who has worked a
Page 38 of 33
Topic
Process, Method, or
Definition
Jurisdiction
Frequency
minimum of five (5) years in Eagle County for an average of
at least thirty (30) hours per week on an annual basis; or a
person who derives income from self-employment whose
business is situated in Eagle County; or a person who works
for an employer outside Eagle County if that person can
demonstrate that the residence subject to this deed
restriction is the primary residence for that person
Avon, Eagle
Buy Down of
Usually involves buying down units with public funds through
County, Eagle, Vail,
Market Homes
deed restrictions imposed for permanent affordability.
Breckenridge,
Whitefish MT,
Requiring replacement of housing occupied by the workforce
Telluride
No Net Loss Policy
Typically Required in
when redevelopment occurs. Similarly priced units should be
Boulder, Basalt
Code
replaced on site, or another site, or a fee -in -lieu of
replacement could be allowed.
Additional Terms and Definitions can be found in the Avon
Comprehensive Plan and Avon Community Housing Policies. AV ®rl
Community Housing Programs:
A on
;Mi Casa Avon! is a program to incentivize prospective
_..'
homebuyers to place a deed restriction on their property to,,
ensure more permanent residents have an opportunity to
purchase homes within Avon. There is no price appreciation cap
on a iMi Casa Avon! Deed Restriction. This deed restriction is an agreement between you, the new homebuyer, and the
Town of Avon that limits the use of your property. In this case, the deed restriction limits Eagle County employees'
ownership and use of the property. In exchange for the deed restriction, the Town of Avon pays you a lump sum
through the iMi Casa Avon! Program to help offset the purchase price.
Good Deeds Avon is the first partnership launched under Housing Eagle County's Community Partner Program, co -
designed with the Town of Avon to set a new standard for regional collaboration. Avon's investment is matched one-
to-one by the Eagle County Housing and Development Authority (ECHDA), providing up to a 30% buy -down of the
purchase price on eligible open -market homes within Avon's jurisdictional boundary.
Municipal Employee Home Ownership Program ("MEHOP") is a payment assistance program for Avon Employees to
support home ownership whereby the Town will provide up to 30% of the purchase price of a home in exchange for
recording a price capped deed restriction on an open market property. Avon Council adopted the Town of Avon
Municipal Employee Housing Plan in 2024 setting goals to provide more housing and approved a deed restriction
purchase program to help Town of Avon Employees purchase an affordable home.
Page 39 of 33
APPENDIX E: HOUSING NEEDS
ANALYSIS
2025 Eagle County Regional Housing Needs Analysis6
PE -
Eagle County Housing Partners
Economic&Planning5ystenss,lnc.
RRC
.............
�I FI HARM for Hum -HY
NovcmDer ). 2035
M 1233169
6 Pathway https://www.avon.org/DocumentCenter/View/25670/2025-EC-Regional-Housing-Needs-Assessment---Final?bidld=
Page 40 of 33
ATTACHMENT B - TAX INFORMATION
Town Of Avor
Town7ofAvon(Sales Tax) 4.00%
Eagley (Sales Tax)
1.50%
State of Colorado ( Sales Tax)
2.90%
0.79%
Eagle River Fire Protection (Sales Tax)
CORE Region Transit Authority (Sales
Tax) 0.50%
Town of Avon (Accommodations Tax)
4.00%
Town of Avon (Short Term Rental Tax)
2.00%
Total
15.69%
Tax
•
Breakdown
Accommodations
Town of Avon (Sales Tax) 4.00%
Eagle County (Sales Tax)
1.50%
State of Colorado ( Sales Tax)
2.90%
Eagle River Fire Protection (Sales
Tax)
0.79%
CORE Region Transit Authority
Sales Tax
0.50%
Town of Avon (Accommodations Tax)
1 4.00%
Total
1 13.69%
Total Sales
56,132,948.50
2022
Short -Term
$1,122,659
Rental Tax
$1,683,988
- '
$2,245,318
'
$2,806,647
51,909,644.50
2023
$1,038,193
$1,557,289
$2,076,386
$2,595,482
50,005,862.50
2024
$1,000,117
$1,500,176
$2,000,235
$2,500,293
52,068,794.50
2025
$1,041,376
$1,562,064
$2,082,752
$2,603,440
47,906,750.00
2026
$958,135
$1,437,203
$1,916,270
$2,395,338
$5,160,480
$7,740,720
$10,320,960
$12,901,200
Total difference vs
2% 2022-2026
$0
$2,580,240
$5,160,480
$7,740,720
2022 $0
$561,329
$1,122,659 $1,683,988
2023 $0
$519,096
$1,038,193 $1,557,289
2024 $0
$500,059
$1,000,117 $1,500,176
Total $0 $2,580,240 $5,160,480 $7,740,720
ATTACHMENT B - TAX INFORMATION
Short -Term Rental Tax by Rate (2022-2026)
$3,000,000
$2,500,000
v $2,000,000
QJ $1,500,000
$1,000,000
$500,000
$0
Year 2022 2023 2024
■ 2% ■ 3% ■ 4% ■ 5%
11111111
2025 2026 (Projected)
Additional Tax Revenue vs 2% Rate by Year
$2,000,000 $1,683,988
$1,557,289 $1,500,176 $1,562,064
a $1,500,000 $1'
N
v $1'1
$9
v $1,000,000
v
0 $5 $51 $5111 $5 $41
$500,000
$0 $0 $0
$0 ■ ■ ■
2022 2023 2024 2025 2026
Year (Projected)
Series1 Series2 Series3
437,203
4% Accommodations Tax by Year
$2,550,000 $2 61 ■
$2,500000
$2,450:000
$2,400,000
QJ $2,350,000 $2 47
$2,300,000 $2 26
v $2,250,000 $2 28
v $2,200,000
$2,150,000 $2 48
b $2,100,000
~ $2,050,000
$2,000,000
$1,950,000
$1,900,000
$1,850,000
2022 2023 2024 2025 2026
Year
ATTACHMENT B - TAX INFORMATION
Ski Resort
Aspen
Colorado Ski Resort.
9.30%
.. .
..•
12.00%
-. Total
21.30%
Avon
9.69%
6.00%
15.69%
Avon (Village)
10.44%
6.00%
16.44%
Beaver Creek
10.25%
4.96%
15.21 %
Breckenridge
8.88%
3.40%
12.28%
Copper
10.38%
6.00%
16.38%
Crested Butte
13.40%
7.50%
20.90%
Keystone
6.375%
8.375%
14.75%
Mountain Village
9.47%
4.00%
13.47%
Snowmass
10.40%
2.40%
12.80%
Steamboat Springs
9.90%
10.00%
19.90%
Telluride
9.47%
7.75%
17.22%
Vail
9.40%
1.40%
10.80%
Winter Park
10.20%
3.00%
13.20%
ATTACHMENT C — INCLUSIONARY HOUSING PROGRAMS
Mandatory Inclusionary Housing Programs in Colorado: Rural Resort CO Communities
Year
Ownershi
Project
Affordability
Name Title
Adopted I
Geography
p vs.
minimum
requirement
Compliance options
Affordability term
AMI Level
Incentives
Updated
rental
Community
_ Housing
'
2001 /
Entire
Ownership
5 units
20% of units (15%
On -site units, off -site units, buy down units,
In perpetuity
Mix of 80-150% AMI
Fee reduction/waiver
Inclusionary
2016
jurisdiction
and rental
of bedrooms)
fee in -lieu
Requirements
. • - Affordable
2004 /
Entire
Ownership
25% of units, or 15%
of total square footage,
off -site units
On -site units, ,rehab regulated
°
80-100 /° Rental 100-
Discretionary incentives: fee in
Housing
2014
jurisdiction
and rental
4 units
or 45% of new
units, renovate unregulated units, in -lieu fee,
In perpetuity
140% Ownership
lieu, land in lieu, density/height
Guidelines
employees
donate land, other
bonus
Inclusionary
• residential
2002 /
Entire
Ownership
80% or less for
Fee in lieu, land in lieu, zoning,
_ requirements for
'
2023
jurisdiction
and rental
10 units
° °
15% PC / 35 /o RO
On -site units, off -site units, redevelopment
In perpetuity
°
Rental, 140 /o or less
density, height, fee waiver
local employee
for Ownership
residency
Affordable and
Entire
Ownership
Density bonus, site design
Workforce
2021
jurisdiction
and rental
10 units
10% of units
On -site units, land donation
30 years
100% AMI
flexibility, public -private
Housing
partnerships, tax rebate
Inclusionary
2003
Entire
Ownership
Single family
less than
°
15% of units
On -site units, off -site units, in -lieu fee
In perpetuity
°
120 /o AMI
None
Zoning
jurisdiction
and rental
2,700 sq. ft.
Inclusionary
'
2018 /
Certain zones,
neighborhoods,
g
Ownership
5 units
16.7% of units
On -site units, off -site units, in -lieu fee,
In perpetuity
80% AMI rental
120-160% AMI
Density bonus, reduced parking
Housing
2022
or districts
and rental
donate land
ownership
requirements, concessions
Tier based on square
Affordable
• - Housing
200
Entire
Ownership
N/A
Calculated basea
On -site units, in -lieu fee, other
In perpetuity
footage required
Target: 70-150 AMI
Fee reduction/waiver including
Mitigation
jurisdiction
and rental
on square footage
Limit: 120 /0-220 /o
water fees
AMI
Affordable
A • • Housing
1977,
Entire
Ownership
unknown
Calculated based
On -site units, off -site units, rehab regulated
30 years
°
0-240 /o AMI
None
Mitigation
jurisdiction
and rental
on square footage
units, renovate unregulated units, in -lieu fee
Residential
1999 %
Entire
Ownership
20% of new units or
100% AMI rental,
Inclusionary
2015 /
jurisdiction
and rental
2 units
25% of square footage
On -site units, off -site units, in -lieu fee, other
In perpetuity
120 /° AMI ownership,
Fee reduction/waiver, other
Requirements
2024
allows averaging
Fair Share
Housing
2009 /
2014
Entire
jurisdiction
Ownership
4 units
16% of all units
On -site units, fee in lieu, land donation
In perpetuity
80%-125% AMI
Fee refunds and waivers
Source: Jurisdiction Municipal Codes and Grounded Solutions IZ database
A
Avon
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AVON PLANNING & ZONING COMMISSION
Meeting Minutes (DRAFT)
Monday, July 13, 2026
Public Meeting Begins at 5:30 PM
TEAMS LINK: https://teams.microsoft.com/meet/240853380295912?p=HHV4SWKKx5pEP5QQic
To join meeting via phone, dial (945) 468-5504 and enter conference ID: 477 057 969#
1. Call to Order and Roll Call (Chairperson) — 5:30 PM
Meeting commenced at 5:30 PM. A rollcall was taken, and Planning Commissioners Carly Hansen,
Brad Christianson, Brian Sipes, Elizabeth Waters, Nancy Tashman and Nicole Murad were present.
Commissioner Rick Sudekum was absent. Also present were Planning Manager Jena Skinner, Planner
II Claire Perez, Housing Planner Patti Liermann, Community Development Director Matt Pielsticker.
2. Approval of Agenda
ACTION: Commissioner Christianson made a motion to approve the agenda. Commissioner Hansen
seconded the motion, and the motion passed unanimously 6-0.
3. Disclosure of any Conflicts of Interest or Ex-Parte Communication Related to Agenda Items
4. Public Comment— Comments are Welcome on Items Not Listed on the Following Agenda Public
Comments are limited to three (3) minutes. The speaker may be given one (1) additional minute
subject to Planning and Zoning Commission approval.
5. Public Hearing
5.1. MNR26-010 Exterior Remodel at 5580 Coyote Ridge — Claire Perez, Planner II
ACTION: Commissioner Tashman made a motion to approve the application with conditions
recommended by staff, with an added condition that materials as represented by the architect will be
carried over to the building permit process, specifically related to recommended lighting changes.
Commissioner Murad seconded the motion, and the motion passed unanimously 6-0.
5.2. CPA26-001 Community Housing Plan Updates (continued from June 22 meeting) — Jena
Skinner, Planning Manager
ACTION: Commissioner Waters made a motion to recommend approval of CPA26-001, with a
recommendation to include stronger language in the housing plan that supports extremely low income,
very low income, and low income households and addresses environmental and climate justice.
Commissioner Tashman seconded the motion, and the motion passed unanimously 6-0.
6. Consent Agenda
MEETING AGENDAS AND PACKETS ARE FOUND AT: WWW.AVON.ORG
MEETING NOTICES ARE POSTED AT AVON TOWN HALL, AVON RECREATION CENTER, AVON ELEMENTARY AND AVON PUBLIC LIBRARY
INDIVIDUALS WITH DISABILITIES ARE ENCOURAGED TO PARTICIPATE IN ALL PUBLIC MEETINGS SPONSORED BY THE TOWN OF AVON. IF YOU REQUIRE A DISABILITY
ACCOMMODATION, PLEASE CONTACT THE COMMUNITY DEVELOPMENT DIRECTOR, MATT PIELSTICKER, AT (970) 748-4413 OR MATT@a AVON.ORG WITH
YOUR REQUEST. REQUESTS SHOULD BE MADE AS SOON AS POSSIBLE BUT NO LATER THAN 72 HOURS BEFORE THE SCHEDULED PUBLIC EVENT.
A
Avon
C O L 0 R A D O
6.1. June 22, 2026 Planning and Zoning Commission Meeting Minutes
ACTION: Commissioner Sipes abstained from the vote since he was not present for the June 22
meeting. Commissioner Tashman made a motion to approve the meeting minutes. Commissioner
Hansen seconded the motion, and the motion passed unanimously 5-0.
7. Future Meetings
7.1. July 27, 2026
7.2. August 10, 2026
8. Recently Approved Applications
9. Staff Updates
10. Adjourn
The meeting was adjourned at 7:44 PM
APPROVED:
X
CHAIRPERSON
MEETING AGENDAS AND PACKETS ARE FOUND AT: WWW.AVON.ORG
MEETING NOTICES ARE POSTED AT AVON TOWN HALL, AVON RECREATION CENTER, AVON ELEMENTARY AND AVON PUBLIC LIBRARY
INDIVIDUALS WITH DISABILITIES ARE ENCOURAGED TO PARTICIPATE IN ALL PUBLIC MEETINGS SPONSORED BY THE TOWN OF AVON. IF YOU REQUIRE A DISABILITY
ACCOMMODATION, PLEASE CONTACT THE COMMUNITY DEVELOPMENT DIRECTOR, MATT PIELSTICKER, AT (970) 748-4413 OR MATT@a AVON.ORG WITH
YOUR REQUEST. REQUESTS SHOULD BE MADE AS SOON AS POSSIBLE BUT NO LATER THAN 72 HOURS BEFORE THE SCHEDULED PUBLIC EVENT.
PLANNING AND ZONING COMMISSION FINDINGS OF FACT
AND RECORD OF DECISION
DATE OF PUBLIC HEARING:
TYPE OF APPLICATIONS:
PROPERTY LOCATION:
FILE NUMBER:
APPLICANT:
July 13, 2026
Minor Development Application
5580 Coyote Ridge, Lot 21, Block 4
MNR26-010
Michael Dire, Aresano
Avon
C O L O fl A 0 0
This Record of Decision is made in accordance with the Avon Development Code §7.16.010(F)(1)
PZC DECISION ON #MNR26-010:
Approved with Conditions
GENERAL CRITERIA FINDINGS §7.16.020(f)(1) — General Criteria
1. The development applications are complete;
The development applications provide sufficient information to allow PZC to determine if it complies
with the relevant review criteria;
3. The development applications comply with the goals and policies of the Avon Comprehensive Plan;
and
4. The demand for public services or infrastructure exceeding current capacity (e.g., water, sewer,
and storm drainage) does not require mitigation at this time and will be coordinating prior and
during the next phase for the building permit.
§7.16.080(g) — Development Plan (Minor) Review Criteria
Evidence of substantial compliance with the purpose of the Development Code as specified in
Section 7.04.030, Purposes has been provided and is generally sufficient for this review;
The application provides sufficient information to allow the PZC to determine that the application
complies with the relevant review criteria;
The development is in compliance with most of the applicable development and design
standards set forth in this Code, including but not limited to the provisions in Chapter 7.20, Zone
Districts and Official Zoning Map, Chapter 7.24, Use Regulations and Chapter 7.28,
Development Standards, and remains generally consistent with the previous approval for the
existing use.
4. The mixed -use and nonresidential design standards sufficiently protect and preserve the quality
and character of the built environment in the Town with respect to the impacts of its design upon
the community;
5. The development can be adequately served by public services, including but not limited to roads,
water, wastewater, fire protection and emergency medical services; and
6. The development design conforms with the character of the surrounding community; and to the
character of Avon as a whole.
PZC Record of Decision: MNR26-010
Proposed Conditions:
1. Prior to the issuance of a building permit, the drainage and construction encroachment
agreement affecting the neighboring property, submitted with this application in the form of an
approval letter prepared by Kerrigan Engineering, shall be updated to acknowledge all
proposed encroachments and specify that any encroachments may be subject to removal at
the property owner's expense. The updated agreement shall be recorded with the Eagle
County Clerk and Recorder.
2. The following condition from Engineering shall be included with the building permit:
The Town's acknowledgement of the proposed utility easement encroachments does not exempt
the property owner from obligations to utility providers, government agencies, or future
development code requirements. If future access is needed, any encroachments may need to be
removed at the property owner's expense.
3. All material representations by the applicant concerning lighting shall be considered a
condition of this approval, to be demonstrated with the pending building permit.
THESE FINDINGS OF FACT AND RECORD OF DECISION ARE HEREBY APPROVED:
BY:
PZC Chairperson
PZC Record of Decision: MNR26-010
DATE: