GUIDELINES APPENDICES

Transcription

1 Aspen Pitkin County Housing Board Authority GUIDELINES APPENDICES APPENDIX A: APCHA BACKGROUND In keeping with state requirements for establishing housing authority regulations, the APCHA Housing Board has adopted Guidelines that govern the development of, admission to, operation, occupancy and transfer of deed-restricted housing in Aspen and Pitkin County. Among other responsibilities and procedures, the Guidelines authorize APCHA to: Review land use applications Develop and prioritize both current and long-range housing projects Provide information and establish policies and procedures for affordable housing development and occupancy Establish criteria for qualification and occupancy Establish affordable housing rental rates and sale prices APCHA Board and Staff The Housing Board is comprised of seven members three appointed by Council, three appointed by the BOCC, and two jointly appointed members-at-large (one member as an alternate). The board meets twice a month the 1 st and 3 rd Wednesday s of each month and as often as it otherwise deems necessary. The board works closely with the APCHA Executive Director. The APCHA Housing Office is located at 210 East Hyman Avenue, Suite 202, Aspen Colorado For information call , or search APCHA Guidelines APCHA Guidelines are intended to respond to community housing needs and to support the APCHA program, and are not intended to supersede city or county land use regulations and codes, state or federal legislation or the International Building Code. Any conflict shall be decided in favor of the latter. Guidelines shall be reviewed and revised at least every three years; administrative revisions including figures for qualifying income, rental rates and sale prices shall be made annually and are usually published at the start of each year. Guidelines shall remain in effect until such time as the APCHA Board, Aspen City Council, and/or Pitkin County Board of Commissioners approve new or amended Guidelines (per the Fifth Amended and Restated Intergovernmental Agreement. History of APCHA Housing Categories Prior to 1990, affordable housing income categories were defined as low, moderate and middle income, along with a RO designation, in accordance with Guidelines then in effect. APCHA later established rental and ownership Categories 1 through 4 and were redefined to meet changing income and asset levels to provide a broader variety of units to resident employees. Ownership Categories 5, 6 and were added in APCHA originally established Maximum Income and Assets per Household using data including: 1999 Housing Survey of Pitkin County Employees (reporting median income of $60,000 per household with 0-1 dependent); Colorado Department of Labor and Employment wages and employment reports; U.S. Census Bureau data: Annual Expenditure Per Child report and U.S. Flow of Funds Accounts report; and Department of Housing and Urban Development Datasets. APCHA Employee Housing Guidelines June 201 P a g e 2

2 APPENDIX B: APCHA FORMS APCHA forms may be downloaded at They include, but are not limited, to the following: Application Information for Employer-Owned Units Bid Submission form Capital Improvements and Depreciation Schedule City of Aspen Utilities Change of Ownership Form Contract and HOA Information Sheet Co-Signer/Co-mortgagee Agreement Custody Affidavit Employment and Income Verification Impact Fee Deferral Agreement Lawful Presence Affidavit Leave of Absence Request Ownership Application Ownership Application Aspen Village Ownership Application Lazy Glen Long-term Rental Application Long-term Rental Application Aspen Country Inn Long-term Rental Application Truscott Place Phase II Seasonal Rental Application Seller s Property Disclosure Form (Colorado Real Estate Commission form) Sale Agreement (Colorado Real Estate Commission form) APCHA Employee Housing Guidelines June 201 P a g e 3

3 APPENDIX C: APCHA FEE SCHEDULE APCHA Fee Amount Ownership Application Fee $ 50 Payable upon submission of application and/or Ownership Application and Bid Packet No Bid Fee for first bid submitted with Ownership Application Ownership Bid Submission Fee 5 Per-bid amount payable upon submission of bids after initial ownership application First-Time Tenant Long-term Rental Application Fee (Non-Managed, Managed, Tax Credit 50 (Properties) / Payable upon submission of application Seasonal/Dormitory Rental Application Fee (per person) 35 Payable upon submission of application Rental Requalification Fee (Non-Managed, Managed, Tax Credit Properties) 35 Payable by APCHA tenants and owners upon requalification every two years Sale Listing Fee 600 Non-refundable portion of Transaction Fee payable by seller upon listing Sale Transaction Fee Payable upon closing, includes non-refundable Sale Listing Fee 2% of sale price Ownership Transfer Fee 100 Payable by transferor upon transfer of ownership unit to immediate family member No transaction fee for immediate family transfers Capital Improvements Review and Site Visit 50 Fee-in-lieu (city fee) and Impact Fee (county fee), * Also known as a Dedication Fee charged for private sector property development, Calculated under city and county land use regulations and codes and APCHA Guidelines *The fee-in-lieu/impact fee is based on the corresponding sections of the Land Use Codes for the City and County and/or calculated per Table VI of these Guidelines. APCHA Employee Housing Guidelines June 201 P a g e 4

4 APPENDIX D: OWNERSHIP EXCLUSION ZONE (OEZ) MAP (partial area / west to east only) APCHA Employee Housing Guidelines June 201 P a g e 5

5 APPENDIX D: OWNERSHIP EXCLUSION ZONE (OEZ) (continued) The previous map shows the five-mile area within the Roaring Fork Drainage going west to east / east to west. The balance is the land area in which is located any developed residential property that has an address within the Roaring Fork Drainage situated in Eagle, Pitkin, Garfield or Gunnison Counties, or within the Colorado River Drainage from and including the unincorporated No Name area to and including Rifle, and including, but not limited to, the incorporated and unincorporated areas of Aspen, Basalt, Carbondale, El Jebel, Glenwood Springs, Marble, Meredith, New Castle, No Name, Redstone, Rifle, Snowmass, Snowmass Village, and Woody Creek. APCHA Employee Housing Guidelines June 201 P a g e 6

6 APPENDIX E CHART OF PRINCIPAL RENTAL PROJECTS AND REQUIREMENTS (Below is not a complete list of the deed-restricted rental units) PROJECT NAME No. & Type of Units Max. Income Category Required Residency 30 EAST HOPKINS 3 1-Bedroom Units Category 3 Per Guidelines 15 CEMETERY LANE 1 Unit School District Priority Per Ordinance 19 E. HOPKINS, #101, 102,103 3 Units Category 2 Per Ordinance 95 MAROON CREEK (City) 1 2-Bedroom City of Aspen Employment Per Ordinance AABC APARTMENTS Units Category 3 School Dist. Priority Per Deed Restriction AABC MISC. APARTMENTS 44 Units Category 1, 2 & 3 Per Deed Restriction ALPINA HAUS 44 Units RO Per Deed Restriction ANDERSON PARCEL 1 Units Category 3 Per Guidelines ANIMAL SHELTER (AABC) 2 Units Category 2 Per Guidelines ANNABELLE INN 2 Units Category 2 & 3 Per Guidelines ASPEN BROWNSTONES 2 Units Category 2 Per Guidelines ASPEN CONSOLIDATED SAN. DISTRICT Units ACSD EMPLOYEES ONLY Per Guidelines ASPEN COUNTRY INN 40 Units Category 1 & 2 Per Guidelines ASPEN HIGHLANDS VILLAGE Rooms/13 Dorm Rooms Category 1 & 2/RO Per Guidelines ASPEN RECREATION CENTER 1 1-Bedroom Category 2 Per Guidelines BEAUMONT 24 Units Hospital Priority Per Deed Restriction BELL MOUNTAIN LODGE 5 Units Category 2 Per Guidelines BOOGIES (534 E. Cooper) 1 Unit Category 3 Per Guidelines BRUSH CREEK 2 Units Category RO Per Guidelines BURLINGAME Permanent - Seasonal Units 92 Units (14 beds) Category 2 Per Guidelines CASTLE RIDGE 0 Units Category 3 Per Guidelines CENTENNIAL 14 Units Category 3 Per Guidelines CHRISTIAN SCIENCE (34 W Main) 2 Units Category 3 Per Guidelines CHITWOOD (411 E Main) 3 Units Category 4 Per Guidelines CITY PLAZA BLDG. 4 Units Category 1 Per Resolution CLARENDON (625 W End St) 1 Unit Category 3 Per Guidelines COMCAST (AABC) Units Category RO Per Guidelines COPPER HORSE 13 Units N/A - Resident Occupied Per Resolution APCHA Employee Housing Guidelines June 201 P a g e

7 PROJECT NAME No. & Type of Units Max. Income Category Required Residency CORTINA (Hotel Jerome) 16 Units Category 1 Per Resolution EDGE OF AJAX,15 E. Hopkins 3 Studio Units Category 2 Per Deed Restriction END, 410 WEST 3 Units Category 2 Per Guidelines GALENA PLAZA, 426 E. Main 3 Units / 1 Stu & 2 2-Bdrm Category 2 Per Guidelines GARMISCH, 306 SOUTH 2 Units Category 2 Per Guidelines GUIDO S 3 Units Category 3 Per Guidelines HEATHERBED 21 Dorm-Style Units RO Per Deed Restriction HOLIDAY HOUSE 35 Dorm-Style Units RO Per Deed Restriction HOPKINS 992 EAST 1 Units Category 2 Per Guidelines HOTEL ASPEN 2 Units Category 1 Per Guidelines HOTEL LENADO 1 Units Category 4 Per Guidelines HUNTER LONGHOUSE 33 Units Category 3 Per Guidelines HYATT GRAND ASPEN 9 Units Category 2 Per Guidelines INNSBRUCK LODGE 1 Unit Category 2 Per Guidelines ISIS 2 Units Category 3 Per Guidelines KATY REID 2 Units Category 3 Per Guidelines KING LOUISE (210 W Main) 1 Unit Category 1 Per Guidelines KING STREET (91,95,995,995½) 4 Units Category 1 & 2 Per Guidelines L AUBERGE COTTAGES 1 Units Category 2 Per Guidelines LAZY GLEN 3 Units Category 3 Per Guidelines MAROLT HOUSE (City) 1 Unit City Employee Per Guidelines MAROLT RANCH - Permanent Seasonal 1 Units 99 Units Category 3 Pitkin County Employee Per Guidelines MAROON CREEK CLUB 42 Units Maroon Crk Club Priority Per Guidelines MILL STREET STATION Units Category 3 Per Guidelines MILL STREET PLAZA 3 Units Category RO Per Guidelines MOCKLIN Units Category 1, 2 & 3 Per Guidelines MOTHER LODE, 314 E. Hyman 2 1-Bedroom Units Category 2 Per Guidelines MOUNTAIN OAKS/HOSPITAL 21 Units Hospital Priority Per Hospital PITKIN CENTER BLDG. (520 E. Hyman) 4 Units Category 3 Per Guidelines PUPPYSMITH APARTMENTS 1 Units Resident Occupied Per Resolution RITZ (Prospector) 1 Unit Category 2 Per Guidelines APCHA Employee Housing Guidelines June 201 P a g e

8 PROJECT NAME No. & Type of Units Max. Income Category Required Residency RIVER GLEN (1015 E. Durant) 12 Units Category 1 & 2 Per Guidelines RIVER PARK 3 Units Category 2 & RO Per Guidelines ST. MORITZ 2 Units Category 3 Per Guidelines SEGUIN (Range Restaurant) 2 Units Category 2 Per Guidelines SHADOW MTN LDGE (232 W Hyman) 2 Units Category 1 Per Guidelines SMUGGLER MTN APARTMENTS 11 Units Category 1 Per Guidelines STARRY PINES 2 Units Category 2 Per Guidelines SUNDECK 2 Units Category 2 Per Guidelines TENTH MOUNTAIN 2 Units Category 3 Per Guidelines TOWNE PLAZA 4 Units Category 2 & 3 Per Guidelines TRUSCOTT PLACE 10 Units RO & Category 3 TRUSCOTT PLACE LLLP Units Category 2 & 3 Per Guidelines ULLR COMMONS 26 Units Category 3 & 4 - Employer Owned Per Guidelines UTE CITY PLACE 22 Units Category 2 & 3 St. Regis Priority Per Guidelines WATER PLACE (City) 3 Units City Employee Per Guidelines WEST RANCH (School District) 10 Units Category 4 School District Per Guidelines TOTAL 953 Long-term Units 260 Seasonal Units 133 Scattered Single Units 1,346 Units APCHA Employee Housing Guidelines June 201 P a g e 9

9 EMPLOYEE HOUSING RENTAL PROJECTS FOR MORE INFORMATION, PLEASE CALL THE APCHA AT (90) RENTAL PROPERTIES UNDER APCHA MANAGEMENT Affordable housing rental units under APCHA management are advertised in the classified ad section of a local newspaper on Mondays and Tuesdays. Qualified applicants shall sign up for specific units in the APCHA office no later than 3:00 pm Wednesday following advertisement. Applicant with highest priority will be offered lease. The rental rates are based on rents as of January 1, 2014; they are subject to change and can be increased in 2014 by 1.1% for the majority of the properties. Long-term Rentals Property and Management Contact Size/Square Feet (SF) Rent Aspen Country Inn 40 units Senior Priority Studio/ SF $ 61 No pets, 1-yr lease minimum 1-Bdrm/ SF 5 Pat Hinch, Property Manager 2-Bdrm/ SF 1,056 PH , FAX mark.nussmeier@cityofaspen.com Smuggler Mountain Apartments 11 units Studio/394 SF $32 - $492 No pets, 1-yr lease minimum 2-Bdrm/3-9 SF Pat Hinch, Property Manager PH , FAX pat.hinch@cityofaspen.com Truscott Phase I Apartments 109 units Studio/30 SF $21 One cat or dog allowed per only in Studio/392 SF or 965 Bldgs 500, 600 and 00, 1-yr lease minimum 1 BR /616 SF 915 or 1,222 Dan Brabec, Property Manager 2 BR/40 SF 1,04 or 1,350 PH , FAX pat.hinch@cityofaspen.com Truscott LLLP Phase II Apartments units Studio/392 SF $94 No pets, 1-yr lease minimum Studio Loft/50 SF* 4 Dan Brabec, Property Manager 1-Bdrm/500 SF* 25 PH (90) ; FAX (90) Bdrm/616 SF 1,063 pat.hinch@cityofaspen.com 2-Bdrm/40 SF 1,24 2-Bdrm Flat/60 SF* 91 *Rates reflect different utility costs 2-Bdrm Loft/96 SF* 1,163 Seasonal Rentals Winter (September-May) and summer (June-August) rentals for seasonal employees, students, interns, faculty. Marolt Ranch Seasonal Housing 96 units 1-Bdrm/442 SF $1,191 No pets, September 1 - April 30 Mark Nussmeier, Property Manager Aspen/Pitkin County Housing Authority PH , FAX mark.nussmeier@cityofaspen.com maroltranch@cityofspen.com APCHA Employee Housing Guidelines June 201 P a g e 90

10 RENTAL PROPERTIES UNDER PRIVATE SECTOR PROPERTY MANAGEMENT Affordable housing rental units under private sector property management are advertised individually and do not appear with APCHA rental listings. Rental applicants shall contact listing property managers directly to inquire about unit availability and lease terms but shall qualify with APCHA and obtain approval of a lease prior to signing or occupying a unit. APCHA does not recommend or endorse any private sector property management company. Sample rental rates are subject to change. Long-term Rentals Alpina Haus / Copper Horse - 43/13units NO PETS 6-Month lease minimum Room with bath/9 sf $422 - $622 Kevin DeCarlo, Property Manager 1-Bdrm/ sf $1,134 ALPINA East Durant, Aspen, CO 1611 COPPER - 32 W. Main St., Aspen, CO 1611 PH (90) ; FAX (90) deconovitch@comcast.net Castle Ridge Apartments - 0 units CATS ONLY 1-Year lease minimum Studio/44 sf $ 911 David Ramirez or Maxine Jacobs, Managers 1-Bdrm/631 sf $1, Castle Ridge, Aspen, CO Bdrm/64 sf $1,4 PH (90) ; FAX (90) Bdrm/1,062 sf $1,591 Rates change in July Centennial Apartments - 14 units Studio/ sf $ 3 - $1,149 One CAT OR DOG (in some units) 6-Month lease min. 1-Bdrm Flat/59 sf $1,113 - $1,40 Kim Keilin, Property Manager 1-Bdrm Loft/33-41 sf $1,51 - $1, Luke Short Ct, Aspen, CO Bdrm/1 sf $1,632 - $1,6 PH (90) ; FAX (90) Bdrm/1,09 sf $2,005 - $2,154 centmgt@rof.net Hunter Longhouse Apartments - 33 units 1-Bdrm/560 sf $ 56 CATS ONLY 1 Year lease minimum 2-Bdrm/25 sf $1,00 Melody Kappeli, Property Manager 2-Bdrm/50 sf $1, Lone Pine Road, Aspen, CO 1611 (90) ; FAX (90) Rates change in October preferprop@comcast.net Maroon Creek Apartments-42 units 1-Bdrm/5 sf $ 65 or $90 NO PETS 1-Year lease minimum 2-Bdrm/1,036 sf $ or $1,11 Stephanie Thurston, Property Manager 3-Bdrm/122 sf $ 5 or $1, Stage Court, Aspen, CO 1611 PH (90) ; FAX (90) stephthurs@aol.com Seasonal Rentals Burlingame Seasonal Housing units 2-Bdrm/40 sf $1,190 NO PETS Sep 1 to April 30 each year Mary Ferguson, Resident Manager 050 Harmony Pl., Aspen, CO 1611 (90) ; FAX (90) burlingamehousing@yahoo.com / APCHA Employee Housing Guidelines June 201 P a g e 91

11 STUDIO STUDIO - TYPE A ONE-BEDROOM ONE-BEDROOM - TYPE A TWO-BEDROOM TWO-BEDROOM - TYPE A THREE-BEDROOM THREE-BEDROOM - TYPE A FOUR-BEDROOM FOUR-BEDROOM - TYPE A APPENDIX F: PRIORITY FOR LOTTERY MATRIX PRIORITIES FOR OWNERSHIP UNITS TYPE OF UNIT NUMBER OF HOUSEHOLD MEMBERS TRANSFER TO CO-OWNER IN-COMPLEX PRIORITY > 1 YR IN-COMPLEX PRIORITY < 1 YR MOBILITY DISABILITY - MTG. MIN. OCCU DISPLACED RESIDENTS - MTG. MIN. OCCU SINGLE + 4-YR. WH SINGLE YR. WH SINGLE + <1 YR. WH TWO + 4-YR. WH TWO YR. WH TWO + <1 YR. WH THREE (1 DEP.) + 4-YR. WH THREE (1 DEP.) YR. WH THREE (1 DEP.) + <1 YR. WH THREE ADULTS + 4-YR. WH THREE ADULTS YR. WH THREE ADULTS + <1 YR. WH FOUR (2 DEP.) + 4-YR. WH FOUR (2-DEP.) YR. WH FOUR (2 DEP.) + <1 YR. WH FOUR + 4-YR. WH FOUR YR. WH FOUR + <1 YR. WH FOUR (1 DEP.) + 4-YR. WH FOUR (1-DEP.) YR. WH FOUR (1 DEP.) + <1 YR. WH Approved emergency workers (after a one-year work history) are entered into the lottery as if they have a 4-year work history. Graduates from high schools in the OEZ who left and came back within 6 years are entered into the lottery as if they have a 4-year work history. APCHA Employee Housing Guidelines June 201 P a g e 92

12 APPENDIX G: AFFORDABLE HOUSING OWNERSHIP PROPERTIES PRINCIPAL OWNERSHIP PROPERTIES APCHA oversees over 1500 affordable housing ownership units of varying types and sizes. Management and sale of units at each location or complex are subject to HOA articles of incorporation, by-laws, resolutions and declarations, covenants and deed restrictions specific to the property and APCHA Guidelines. Key to abbreviations: BR = Bedroom SFH = Single-Family Home Condo = Condominium ST = Studio DU = Duplex TH = Townhome RO = Resident Occupied CHART OF PRINCIPAL OWNERSHIP PROJECTS PROJECT NAME No. & Type of Units Max. Income Category Required Residency 300 S. Spring 1 2-Bedroom Unit Category 2 Per Guidelines W. Hopkins (Boomerang) 2 1-Bedroom Units Category 4 & 5 Per Guidelines 625 E. Main St. (Old Stage III) 2 3-Bedroom Units Category 4 Per Guidelines 999 Ute Avenue 1 3-Bedroom SFH Category 4 Per Guidelines 1000 East Hopkins 3 2-Bedroom Units Category 4 Per Guidelines AABC Pitkin Park Place 14 Condos 1, 2 & 3 Bedrooms Category 1, 3 & RO Per Guidelines AABC Rowhouses 12 Townhomes No Income Guidelines See Covenants Ajax Apartment Condominiums 1-Bedrooms Category 2; 1 Category 3 See Guidelines Alpine Cottages 10 Townhomes Category 4 and RO Per Guidelines Alpine Grove 1 2-Bedroom Category 3 Per Guidelines Annie Mitchell Homestead 39 1-Bedrooms Category 2 & 3 Per Guidelines Aspen Highlands Village 6 Units Category 1, 2, 3 & 4 Per Guidelines Aspen Village Subdivision 150 Units Resident Occupied See Deed Restriction Bavarian Inn Condos 19 Studios 1, 2 & 3 Bedrooms Category 2, 3 & 4 Per Guidelines Benedict Commons 2 Studios & 1-Bedrooms Category 2, 3 & 4 Per Guidelines Billings Place Studios, 2 & 3 Bedrooms Category 2, 3 & 4 Per Guidelines Burlingame Ranch I SFH / 4 Units Category 2, 3, 4, 5, 6,, RO Per Guidelines Burlingame Ranch II 2 condos/townhomes Category 2, 3, 4, 5, 6,, RO Per Guidelines Castle Creek Valley Ranch 4 Single-Family Homes Category 4 & RO Per Guidelines Cemetery Lane (City) 3 Duplex Units RO City of Aspen Employment City of Aspen Emp. Centennial 92 Studios, 1, 2 & 3 Bedrooms Category 4 Per Guidelines Chaparral Ranch 3 SFH, 4 2-Bedrooms (2 duplexes) Category 4/5 Employees of Ranch Cipriano-Taylor 1 Duplex Unit RO Per Deed Restriction APCHA Employee Housing Guidelines June 201 P a g e 93

13 PROJECT NAME No. & Type of Units Max. Income Category Required Residency Common Ground 21 Townhomes (land lease) Category 2 & 3 Per Guidelines Curton Condos (339 W. Francis) 1 3-Bedroom Category 4 Per Guidelines East Cooper (1230) 1 Single-Family Home Category 4 Per Guidelines East Cooper Court (939 E. Cooper) 2 Single-Family Homes Category 3 & RO Per Guidelines East Hopkins 4 Townhomes Category 4 Per Guidelines East Owl Creek 4 Single-Family Homes Category 4 Per Guidelines Fairway III 30 Townhomes Category 4 Per Guidelines Five Trees 31 Single-Family Homes Category 3 & 4 Per Guidelines Fornell (51 West Main) 11 1, 2 & 3 Bedrooms Category 2 & 3 Per Guidelines Highland Villas 16 2-Bedrooms Category 4 Per Guidelines Hoaglund Ranch 12 1, 2, 3 Bdrms + SFH Category 2, 3, 5, RO Per Guidelines Hopkins Roan 2 1-Bedroom & 2-Bedroom Category 3 & 4 Per Guidelines Hunter Creek 2 Condominiums Category 1, 3 & 4 Per Guidelines Independence View Condos 2 1-Bedroom Units Category 6 Per Guidelines Juan Street 6 Units; 2 Duplexes, 2 SFH Category 3 & 4 Per Guidelines Lacet Court (East Cooper) 14 Townhomes/SFH Category 3, 4 & RO Per Guidelines Lazy Glen 100 SFH RO Per Deed Restriction Little Ajax/605 W. Hopkins 1 2-Bdrm; 13 3-Bdrm Category 3 & 4 Per Guidelines Little Victorian/634 W. Main 1 1-Bedroom Category 3 Per Guidelines Lone Pine 2 Condominiums Category 4 Per Guidelines Maroon Creek Club/1151 Tiehack 1 Single-Family Home Category 1 Per Guidelines Marthinsson-Nostdahl 10 Condominiums Category 3 & 4 Per Guidelines Midland Park 3 Condominiums Category 4 Per Guidelines Mill, The 4 3-Bdrm Condominiums Category 2 & 4 Per Guidelines North SFH, 13 Townhomes RO Per Guidelines Obermeyer Bdrm / 2-Bdrm Category 2, 3 & RO Per Guidelines Oh-Be-Joyful 5 Single-Family Homes Category 3 Per Guidelines Pacific Avenue Condos A & B 1 3-Bedroom Category 2 & 3 Per Guidelines Park Avenue 40-B 1 3-Bedroom Category 4 Per Guidelines Park Circle / 425 A Bedroom Category 2 Per Guidelines Park Place 411 E. Cooper 2 1-Bedrooms Category 4 Per Guidelines Pitkin Iron 15 Units Category 2, 3 & 4 Per Guidelines APCHA Employee Housing Guidelines June 201 P a g e 94

14 PROJECT NAME No. & Type of Units Max. Income Category Required Residency Pitkin Park Place 1, 2 & 3 Bedrooms RO Per Deed Restriction Red House Enclave 6 1, 2 & 3 Bedrooms Category 2 & 3 Per Guidelines Seventh & Main 12 Units; 11 1-Bdrm; 1 2-Bdrm Category 2 & 3 Per Guidelines Shadow Mountain 00A 1 3-Bedroom Category 3 Per Guidelines Shady Lane Condominium 1 3-Bedroom Category 4 Per Guidelines Smuggler Cove 3 2-Bedroom & 3-Bedroom Category 2 & 4 Per Guidelines Smuggler Hunter Trust Condo. 1 1-bedroom SFH 4 Per Guidelines Smuggler Park Subdivision Single-Family (Modular) RO Per Deed Restriction Smuggler Run 1 Single-Family (Modular) Category 4 Per Guidelines Snyder and 3-Bedrooms Category 2, 3 & 4 Per Guidelines Sopris Creek Meadows (Cabins) 6 Units SFH & Duplexes Category 1 & 3 Per Guidelines Stillwater 13 Units 1 & 3-Bedrooms Category 2, 3, 4 & 5 Per Guidelines Tom Thumb 1 Studio Category 3 Per Guidelines Top of Mill 4 3-Bedrooms Category 3 & 4 Per Guidelines Trainor s Landing (aka Barbee) Units SFH & Duplexes Category 4 & RO Per Guidelines Twin Ridge 12 Townhomes; 13 SFH Category 4 Per Guidelines Two Moon 1 Single-Family Home Category 4 Per Guidelines Ute Park Townhomes Category 3 & 4 Per Guidelines Valley Condo / 1135 Cemetery Lane 1 3-Bedroom Category 3 Per Guidelines Victorians at Bleeker 5 Condominiums Category 4 & RO Per Guidelines Villas at Elk Run, Basalt Bedroom / 1 3-Bedroom Category 2 & 4 Per Guidelines Vincenti Condos 2 Studio & 1-Bedroom Category 1 Per Guidelines Water Place (City) 22 Studio, 1, 2 & 3 Bedrooms City of Aspen Employment City of Aspen Emp. Waterview Condos 1 2-Bedroom Category 3 Per Guidelines West Hopkins 11 Townhomes Category 2 & 3 Per Guidelines Williams Ranch 35 Units Category 2, 3, 4, RO-5 & RO Per Guidelines Williams Woods 1 Townhomes Category 2 & 3 Per Guidelines W/J Ranch 65 SFH & Duplexes Category 4 & RO Per Guidelines Woody Creek Park Subdivision 5 SFH Homes Category 6 Per Guidelines TOTAL 1,64 DR Homes APCHA Employee Housing Guidelines June 201 P a g e 95

15 APPENDIX H LEAVE OF ABSENCE FORM FOR RETIREES (Example) LEAVE OF ABSENCE REQUEST Please complete this form and forward to your Homeowners Association for approval. Completed form must be returned to Aspen/Pitkin County Housing Authority (APCHA) at least 30 days prior to leaving. Name: Address: Address: Day Phone: Request Dates from: Evening/Cell Phone: To: Reason for Request: Commitment to return to the Aspen/Pitkin County area, please explain: The Aspen/Pitkin County Affordable Housing Guidelines allow for a Leave of Absence for owners of up to six months for a qualified retiree or up to one year for owners who are able to show a bona fide reason for leaving and a commitment to return. All homeowners must have approval from their Homeowners Association for a leave of absence. Local Emergency Contact Information: Name(s): Day Phone: Evening/Cell Phone: Local Address: APCHA Employee Housing Guidelines June 201 P a g e 96

16 APPENDIX H (continued) With an approved Leave of Absence owner may rent the unit to a qualified employee(s)* for the amount of owner s monthly housing expenses: monthly mortgage principal and interest payment, association fees, utilities remaining in owner s name, taxes (if not part of mortgage payment) plus $50, or the allowable maximum rent listed in the Guidelines for the size and category of your home, whichever is greater. If an Owner requests a second leave of absence (not a qualified retiree), no appreciation will be allowed for the second year. Please list MONTHLY home expenses: Mortgage Payment(s): $ Property taxes (if not included in mortgage payment): $ Insurance (if not part of the HOA dues and/or included in mortgage payment): $ Monthly Association Fees: $ Monthly Average Utilities (if not to be paid by Owner): $ Additional Costs (describe below): $ Plus $ TOTAL $ Amount stated in Guidelines: $ Please provide copies of bills to verify the above information and describe any additional costs below: I (We) hereby verify that all information provided is accurate and true: Signature of Owners *Employees must complete the Rental Approval Packet and be approved by APCHA prior to occupancy. HOA PLEASE SIGN AND RETURN TO APCHA, 210 East Hyman Ave., Suite #202, Aspen, CO 1611 Approved: YES NO Date Signature of Authorized Representative Date Comments: To be completed by APCHA: Approved: Date: APCHA Employee Housing Guidelines June 201 P a g e 9

17 APPENDIX H (continued) AGREEMENT BETWEEN TENANT AND OWNER I, _, Owner of (hereinafter Property), agree to rent to (Tenant) for an amount of per month. I,, Tenant of the property known as, agree to the rental rate of per month. As Tenant, I understand that I have leased a deed-restricted property and am bound by the Aspen/Pitkin County Housing Authority Guidelines, the HOA Rules and Regulations, and understand that I do not have a right to purchase said property if the property comes up for sale upon the end of the Owner s leave of absence. I understand that I also do not have the right to request a Special Review to ask for the right to purchase said property if the property comes up for sale upon the end of the Owner s leave of absence. _ Owner Date _ Tenant Date Tenant Date APCHA Employee Housing Guidelines June 201 P a g e 9

18 APPENDIX I: HELPFUL INFORMATION How to Obtain Social Security Documents The Social Security Administration (SSA) will upon written request provide documents that may assist APCHA applicants in verifying employment, earnings and residency. Download forms at or call SSA at to request forms and for further information. You may also be able to obtain a copy of the report from the Social Security Office in Glenwood Springs, th Street, #101, for a fee. For tax returns and W-2s, Request for Copy or Transcript of Tax Forms, Form SSA-4506 For employment and earnings history, Request for Social Security Earnings Information, Forms SSA- 050 and SSA-004 Additional Rental Housing Information, partial lists APCHA does not endorse any private sector management companies or local rental options. Other Rental Property Management Companies Basalt Realty Joshua & Co Bray & Co M&W Properties Carol Dopkin Morris & Frywald Frias Properties Resort Quest Fleisher Land & Homes Stirling Homes Interwest Inc Other Local Rental Options Aspen/Basalt Campground Hunter Creek Condos Aspen Ski Co Housing Lazy Glen Best Western Aspen Alt Lodge Snowmass Housing Office Carbondale Comfort Inn and Suites St. Moritz Carbondale Days Inn Thunder River Lodge Chalet Lisl Tyrolean Glenwood Springs Hostel APCHA Employee Housing Guidelines June 201 P a g e 99

19 Local Lending Institutions Familiar with Deed-Restricted Property in Aspen APCHA does not recommend or endorse any lending institutions. APCHA frequently updates its list of local lenders who work with the deed-restricted program. For the most updated, and more in-depth Lender List, please go to APCHA s website, click on Housing Forms on the left-hand side, and then click on List of Local Lenders. Lender Address Phone No. American National Bank 325 E. Main, Aspen, CO Alpine Bank / Aspen 600 E. Hopkins, Aspen, CO Alpine Bank / Glenwood Springs Alpine Bank / Snowmass Village Aspen Mortgage Group 601 E. Hopkins Ave., Ste 203, Aspen, CO Aspen Mountain Mortgage Bank of America 430 E. Cooper, Suite 203, Aspen, CO Bank of Colorado Basalt 655 E. Valley Rd., Basalt, CO Bank of Colorado Glenwood 901 Grand Avenue, Glenwood Springs, CO Bay Equity Home Loans - Basalt 104 Midland Avenue, Suite Bay Equity Home Loans - Glenwood 1319 Grand Avenue, Glenwood Springs, CO Boulder Lending Group th St., Boulder, CO Aspen Lending Group Community Banks of Colorado 210 W. Mill St., Aspen, CO Cornerstone Home Lending 1 Colorado Avenue, Suite 102, Glenwood, CO Fairway 11 Colorado Avenue, Glenwood, CO st Bank Aspen 605 E. Hopkins, Unit 1, Aspen, CO st Bank - Glenwood 2014 Grand Ave., Glenwood Springs, CO First Western Trust 121 S. Galena, Suite Maybeck LLC (Thomas Starodoj II) P.O. Box 229, Aspen, CO Mountain Mortgage 225 N. Mill, Ste. 100, Aspen, CO U.S. Bank 1901 Grand Ave., Glenwood Springs, CO Vectra Bank CO Aspen 534 E. Hyman Ave., Aspen, CO Vectra Bank CO Glenwood 01 Grand Ave., Glenwood Springs, CO Vectra Bank CO Steamboat 2155 Resort Dr, #300, Steamboat Springs, CO Wells Fargo Aspen 119 S. Mill, Aspen, CO Wells Fargo Carbondale 0326 Hwy 133, Ste. 150, Carbondale, CO APCHA Employee Housing Guidelines June 201 P a g e 100

20 APPENDIX J: HOMEBUYER EDUCATION COURSE OUTLINE Online Homebuyer Education Certification Course Outline Section I: Topic A: Topic B: Topic C: Topic D: Topic E: Qualifying for a Home Loan The Pros and Cons of Homeownership The Costs Associated with Buying a Home The Down Payment and Loan-to-Value Qualifying Ratios and Credit History Pre-Qualification and Pre-Approval Section II: Topic A: Topic B: Topic C: Topic D: Housing Hunting Your Housing Preferences Finding a Home Making an Offer The Home Inspection Section III: Topic A: Topic B: Topic C: Topic D: Topic E: Finding a Lender Shopping for a Loan Applying for a Loan Loan Processing Prepare for Closing Closing the Loan Section IV: Topic A: Topic B: Topic C: Topic D: Topic E: Being a Homeowner Settling In Your Responsibilities Home Maintenance Household Budget Benefits of Homeownership The following worksheets are useful in completing this on-line course: Notes Fair Credit Reporting Act Budget Worksheet Expense Worksheet Income Worksheet House Inspection List Lender Comparison Worksheet Settlement Costs Worksheet Home Maintenance Fall Checklist Home Maintenance Spring Checklist APCHA Employee Housing Guidelines June 201 P a g e 101

21 APPENDIX J (continued) (Note Worksheet) (Taking notes isn't necessary. If you choose to, it is recommended that you take no more than a page of notes.) PITI Amount: APCHA Employee Housing Guidelines June 201 P a g e 102

22 APPENDIX J (continued) Fair Credit Reporting Act Under the Fair Credit Reporting Act (FCRA), both the credit-reporting agency and the organization that provided the information to the agency, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your report. To protect all your rights under the law, you should contact both the bureau and the information provider. Under the Fair Credit Reporting Act (FCRA), you have the right to: Receive a copy of your credit report. The copy of your report must contain all of the information in your file at the time of your request. Know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes. Obtain the name and address of the credit reporting agency used by any company that denies your application when the denial was based on information given by the agency. Receive a free copy of your credit report when your application is denied because of information supplied by the credit-reporting agency. Your request must be made within 60 days of receiving your denial notice. Dispute the completeness or accuracy of information on your report and request a reinvestigation. You must file with the credit-reporting agency and the company that furnished the information. Add an explanation to your credit report if your dispute is not resolved to your satisfaction. APCHA Employee Housing Guidelines June 201 P a g e 103

23 Monthly Income: (Step 1) Salary/Wages (after taxes): Interest/Dividends: Social Security: Other Income: Monthly Expenses - Housing: (Step 2) Mortgage/Rent: Water/Garbage: Heat/Electricity: Telephone: Cable: Property taxes: Miscellaneous: APPENDIX J (continued) Budget Worksheet Monthly Expenses - Insurance and Food: (Step 3) Auto Insurance: Home Insurance: Life Insurance: Health Insurance: Supermarket: Eating Out: Miscellaneous: Monthly Expenses - Other: (Step 4) Savings: Gifts: Clothing: Education: Child Care: Children's Expenses: Recreation/Vacation: Medical/Dental: Newspapers/Magazines: Videos/CDs/Tapes: Alcohol/Tobacco: Personal Services: Debt Payments (credit card, loans): Transportation (car loan, gas, repairs, etc...): Charity/Church Giving: Miscellaneous: TOTAL: TOTAL: TOTAL: TOTAL: TOTAL INCOME: TOTAL EXPENSES: DIFFERENCE (TOTAL INCOME - TOTAL EXPENSES): APCHA Employee Housing Guidelines June 201 P a g e 104

24 APPENDIX J (continued) Expense Worksheet Creditor Car payment Other installment loan payments with ten or more monthly payments remaining (furniture, appliance, etc.) Average monthly credit card payments Student loan payments Medical/health care payment Alimony/child support payment Other monthly payments Total Monthly Debt Average Monthly Payment $ $ $ $ $ $ $ $ Source of Income Income Worksheet Average Monthly Amount Gross pay (before taxes and other deductions) Co-Borrower's Gross Pay (if any) Overtime/part-time/seasonal/commission income Dividend/interest income Bonuses/tips Business or investment earnings Pension/Social Security benefits Veterans Administration benefits Unemployment compensation Public assistance Alimony/child support Other Total Gross Monthly Income $ $ $ $ $ $ $ $ $ $ $ $ $ APCHA Employee Housing Guidelines June 201 P a g e 105

25 APPENDIX J (continued) House Inspection List Look for the following items. If you see any of these problems, place a checkmark in the box next to the item. stains on basement walls moss, mildew, or stains on lower siding stains or mildew on underside of roof leaking, plumbing, especially the main water line (turn on the water and look at the pipes. main electrical service that is too small (turn on lots of lights and appliances at the same time to see if they blow a fuse or circuit breaker. extension cords running a long way soggy areas to yard eroded areas in walkway or driveway roof that sags in the middle walls that curve in and out windows or doors that look crooked porches that lean or sag diagonal cracks above doors and windows slipping or shifted foundation floors that feel spongy or uneven odd smells, such as sewer gas lack of insulation in attic (there should be thick insulation on the floor or ceiling) signs of termites or ants old flaky paint on sills or trim flaky paint on the outside floor covering that is worn in large areas siding that is wavy or spongy underneath roof cover that is seriously worn or has many layers inside doors or windows that don't fit houses that are built on wood posts or sill beams on ground very high heating or air conditioning bills (ask the owner if you can look at the bills) Make sure that you take the time to do a thorough job of evaluating each property before making a decision. APCHA Employee Housing Guidelines June 201 P a g e 106

26 APPENDIX J (continued) Name of Lender Phone Number Name of Contact Amount of Mortgage Lender Comparison Worksheet Type of Mortgage Available (fixed, ARM, FHA, VA, other) Interest rate Points APR Loan Terms (15, 20, 30) Minimum down payment required: Without PMI With PMI If PMI required: Upfront Cost Monthly Premium How long required? Assumable? Loan Processing Time Lock-In: Upon application or approval? Interest rate and points? Written agreement? Effective how long? Lower lock-in if rates drop? Prepayment: Is there a penalty? Extra payments allowed? Escrow required? for taxes? for insurance? Closing Cost Estimates: Application/document preparation/origination fee Credit report fee Appraisal fee Survey fee Escrow/Attorney fee Title search/insurance Assumption Fee Payment Schedule (Monthly or biweekly) APCHA Employee Housing Guidelines June 201 P a g e 10

27 APPENDIX J (continued) Settlement Costs Worksheet This worksheet is used when shopping for a settlement agent to handle the closing of the loan. Title Charges Paid from Borrower's Funds at Settlement Paid from Seller's Funds at Settlement Settlement or closing fee $ $ Abstract or title search $ $ Title examination $ $ Title insurance binder $ $ Document preparation fee $ $ Notary Fees $ $ Attorney's fee $ $ Title insurance Lender's Coverage $ $ Owner's Coverage $ $ APCHA Employee Housing Guidelines June 201 P a g e 10

28 APPENDIX J (continued) Home Maintenance - Fall Checklist Outside Check weather stripping and caulking around windows and doors - replace or repair as needed Check for cracks and holes in house siding - fill with caulking as necessary Remove window air-conditioners or put weatherproof covers on them Clean gutter and drain pipes so that leaves will not clog them Check roof for leaks - repair as needed Check flashing around vents, skylights, and chimneys for leaks Check chimney for damaged chimney caps and loose or missing mortar Check chimney flue - clean obstructions - make sure damper closes tightly If in snow, cold climates: Take down screens, clean and store Check storm windows and doors - clean and repair as needed - put back up if they are removable Inside Check insulation wherever possible - replace or add as necessary Have heating system and heat pump serviced - have humidifier checked - change or clean filters on furnaces Drain hot water heater and remove sediment from bottom of tank - clean burner surfaces - adjust burners Check all faucets for leaks - replace washers if necessary Check and clean humidifier in accordance with manufacturer's instructions Clean refrigerator coils APCHA Employee Housing Guidelines June 201 P a g e 109

29 APPENDIX J (continued) Home Maintenance - Spring Checklist Outside Check all weather stripping and caulking around windows and doors - especially if you have airconditioning Check outside house for cracked or peeled paint - caulk and repaint as necessary Check all door and window screens - patch or replace as needed - put screen up if removable type) Remove, clean, and store storm windows (if removable) Inside Replace filters on air-conditioners Check and cleaned dryer vent, stove hood, and room fans - change or clean filters on furnace Check seals on refrigerator and freezer - clean refrigerator coils - clean burner surfaces - adjust burners Clean fireplace, leave damper open for improved ventilation if home is not air-conditioned Check basement wall and floors for dampness - if too moist, remedy as appropriate Clean dehumidifier according to manufacturer's instructions Check for leaky faucets - replace washers as necessary Check attic for proper ventilation - open vents Clean drapes and blinds - repair as needed APCHA Employee Housing Guidelines June 201 P a g e 110

30 APPENDIX K: AN INTRODUCTION TO COMMUNITY ASSOCIATION LIVING This document can be found on APCHA s website, Click on Sales Information on the left side and then Click on An Introduction to Community Association Living. APCHA Employee Housing Guidelines June 201 P a g e 111