The Town Council has unanimously approved two regulatory tools that will be used to achieve its goal of maintaining workforce housing in town for at least 30 percent of Vail’s employees.
As approved, the application of both regulations will only occur in high density, mixed-use zone districts typically found in the commercial cores of Vail. A new inculsionary zoning provision for residential development requires 10 percent of net new square feet be provided as deed restricted employee housing either on site, off-site or through a fee-in-lieu payment. Deed restricted employee housing requires that the occupant of the unit be employed at least 30 hours per week on annual basis at a business located within Eagle County. Inclusionary zoning applies to net new dwelling units, fractional fee units, time share units and lodge units, as well as single-family and multi-family residential homes. In the case of demolition and re-build or an addition, the requirement would only be applied to the net new square feet.
Adjustments to an existing tool, commercial linkage, have been approved as a companion measure. This includes providing housing for at least 20 percent of net new employees generated by new commercial development. Commercial linkage mitigation options include on-site units, off-site units, or fees-in-lieu.
For the complete regulations, see Title 12, Chapters 23 and 24 of the Vail Town Code.
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