Staff resources are adequate. The University is preparing a new micro-master plan for Williams Village that will include significant new student housing. City staff will meet with the University soon to discuss opportunities for cooperation on faculty and staff housing issues. As part of the major update to the BVCP staff plans to examine potential areas suitable for new student housing. The staff of the Planning Department, Housing Division, and Housing Authority will work on this task.
Current resources are sufficient.
Shared equity or equity pool programs offer moderate-income home buyers down payment assistance plus a proportionate share of future equity. The equity pool investor, public or private, also receives a proportionate share of future equity. Use of this tool may increase the number of moderate-income home buyers who could afford to purchase a home in Boulder. The purpose of the Equity Pool Workshop will be to explore the feasibility and interest in creating options to fund an equity pool and to identify key stakeholders and resources. This will be accomplished with existing resources.