Policies & Goals
The Golden Vision 2030 document has the following Guiding Principles:
1. Responsive Local Government
- Fiscal responsibility
- Fairness for all
2. Controlled & Directed Change
- Reflect & enhance community character
- Diverse housing options
- Responsibility for impacts
Both Planning Commission and City Council have examined the variety of information available that illustrates the growing gap between the housing that Golden households can attain and what is available in the market. This information has resulted in the development draft housing policies intended to articulate community values associated with having a diversity of housing available as well as goals that could support future programs. These policies, if adopted, would be incorporated into Golden’s Comprehensive Plan. Staff welcomes public comment and questions on these draft policies as well as encourages you to join us at one of the scheduled open house discussions.
When it comes to attainable and affordable housing, in addition to adopting supportive policies and establishing goals, local governments may use their regulatory authority to:
- Remove existing barriers
- Create incentives
- Require participation
Staff, Planning Commission, City Council and members of the community have been exploring the various regulatory options that would be viable for Golden. A significant existing regulatory barrier is the administrative process for distributing residential growth management allocations.
Currently, with the exception of certain transit oriented developments, allocations are distributed on a first-come, first-served basis. Given the complexity and associated timelines involved with any affordable housing project, the additional unpredictability of a construction schedule following development approval, realistically means that no new affordable housing project is likely to be successful. Staff has identified two options for providing flexibility and predictability within the current growth management system. The first involves allowing City Council to borrow allocations from the future, just as they may do with certain transit oriented projects. The second involves recovering previously expired allocations and using them to create a dedicated pool of allocations exclusively for longterm or deed-restricted affordable housing.
Both options would not exceed the established growth limits of the system. The first option would give a priority to affordable housing units over market rate units. The second option would allow both affordable units and market rate units to receive allocations without directly competing for them.
We look forward to community conversations about these options as well as additional ideas that residents may have for supporting diverse and attainable housing in the community. Please feel free to contact staff at any time or to join us at any of the scheduled open house discussions.