Frisco Housing Locals on Progress

Frisco Housing Locals on Progress

A housing program was adopted by Frisco to address the current housing crisis according to a CBS Denver article from October 19. They say, 

 

“There’s a concerted effort underway to make a dent in housing crisis in the high country. Summit County and the town of Breckenridge launched a program Oct. 15 and the town of Frisco plans to launch a pilot program beginning in November.”

 

“Our program is called Frisco Housing Locals, and it’s a pilot program, really small scale, to incentivize owners who might be interested in renting their property to help with the housing crisis,” said Eva Henson, Housing Manager for the town of Frisco.”

 

Further details of the program were provided including its partnerships, preliminary program as well as agreements which was reported in a Summit Daily article from October 16. They say, 

 

“Frisco Housing Locals will be a partnership with Omni Real Estate to negotiate affordable leases, and some local property owners have already expressed interest on a trial basis. Omni Real Estate has experience managing properties as part of the Family & Intercultural Resource Center’s Housing Works Initiative, which connects Summit County workers in need of housing with landlords willing to convert their vacation rental properties into long-term housing. 

 

The preliminary program will include a master lease for six months with a flat fee per bedroom while covering any third-party costs associated with property management, maintenance and property damage insurance. The town will master lease a property and then sublease the property to screened, full-time or seasonal employees. 

 

Each agreement will be negotiated depending on the specifics of the situation, such as unit type and condition, the owner’s expenses and an employee’s wages.”

While the pilot program is on its way, Frisco is also looking for other alternatives and programs but specifically those that will focus on long-term rental. However, they are still looking to convert more than 100 units this winter and extend the program for 2022. 

 

Menu