Developer outlines affordable housing plan to support new jobs in Silver Creek

Employee housing took center stage at the recent Snyderville Basin Planning Commission meeting, with a focus on creating affordable living options for local workers. The discussion highlighted a successful partnership with Summit County on the Slopeside Village project, which has set a precedent for future developments.

The proposed project aims to generate approximately 338 jobs, with a commitment to providing housing that aligns with the income levels of these employees. The plan is to ensure that housing costs do not exceed 30% of their gross income, adhering to federal standards. This approach is designed to attract a diverse workforce, from grocery stockers earning $18 an hour to higher earners making over $150,000 annually.

A key takeaway from the meeting was the emphasis on the importance of location. Data suggests that about 60% of workers prefer to live close to their jobs, a trend mirrored by successful models in places like Aspen. This not only supports the local economy but also fosters a sense of community, as employees bring their families and contribute to the customer base of local businesses.

The proposed housing will feature a variety of configurations to accommodate different life stages, from studios for singles to multi-bedroom units for families. The goal is to create a sustainable living environment where individuals can grow within their careers without needing to relocate.

The commission also discussed prioritization for housing access, aiming to assist those earning below 60% of the Area Median Income (AMI) first, followed by those earning up to 100% AMI. This strategy is intended to reduce long-term risks for developers while addressing the immediate needs of the workforce.

In conclusion, the Snyderville Basin Planning Commission is taking significant steps toward addressing the critical issue of employee housing, with plans that promise to enhance both the local economy and community cohesion. The next steps will involve further discussions and refinements to ensure the project meets the needs of the community effectively.