Affordable Housing in Park City
Community housing has been a focus of Park City’s local government since the early 1990s. In 1993, Park City adopted its first housing policies defined to incentive, create, and preserve affordable housing. Park City continues to promote quality housing opportunities for persons of all economic levels as a critical element of community sustainability.
Today, there are 651 affordable deed-restricted units in Park City (69% rental and 31% owner-occupied). However, a recently completed needs assessment showed that Park City must create an additional 800-1,000 units over the next five years to support its workforce and middle-class residents.
Park City issued the first of a number of housing resolutions in 1993, which have then become more goal-specific with each update. The most recent update – Housing Resolution 05-2021 – was adopted in April 2021.
Seasonal Worker Resource Guide
Seasonal workers are an integral part of our workforce and community each winter, making it possible for our visitors and locals to enjoy the season here in Park City. To help make the transition to Park City easier, the Park City Chamber & Visitors Bureau has created the Seasonal Worker Resource Guide. This guide includes valuable information on housing resources, healthcare and mental health, transportation, and community information including resources for Spanish speakers.
Find the guide here: ParkCityChamber.com/seasonalworkers
Who Lives in Affordable Housing in Park City?
Profile: A profile of residents in deed-restricted housing can be summed up as essential workers who keep Park City operating as a World Class Resort community: ski resort employees, teachers, police officers, local government and public safety employees, artists, property managers, waiters/waitresses/bartenders, nonprofit employees, and construction professionals, to name a few.
Compliance: Each year, the City’s Housing Team conducts annual compliance of persons living indeed-restricted units, using a recently developed online management tool that communicates to Owners requesting signed and notarized affidavits
Rent: Annual rent increases in Park City’s Housing Program are adjusted with the CPI each year in April and published on the Housing Team’s website. This year, the rent increase for April 2022 was 4.5%.
Development: Park City has the most aggressive local inclusionary affordable housing obligation (20%) requirement in Utah. Currently, private development over ten residential units or 10,000 sf of commercial space and annexation proposals must meet the obligation using one of six tools: 1) build affordable units on site, 2) build affordable units within City limits, 3) deed restrict existing units, 4) build affordable units outside city limits but within the Park City School District Boundary, 5) convey land to the city within the Park City School District Boundary, and 6) pay an in-lieu fee. The current payment "in lieu of development" fee is $389,700 per Affordable Unit Equivalent.
Unit Sales: The City holds a right of first refusal (ROFR) and manages the sale and resale of deed restricted units. The Housing Team maintains a waitlist of qualified applicants and assigns the City's ROFR to the next qualified applicant. Waitlist applicants must complete an extensive pre-application and are added to the list in the order they are received.
Moderate Income Housing Plan
Each year City Council reviews and adopts the Housing Department's updated Moderate-Income Housing Plan (MIHP), the Housing Element to the General Plan. This plan is a housing-specific addendum to the City's General Plan.
- 2022 5-Year MIHP, Housing Element to the General Plan, Includes Year One Implementation Strategies for July 2022 - June 2023
- Resolution 17-2022: Adoption of 2022 5-Year MIHP Housing Plan
- 2020 Annual Housing Report to the State
- 2021 Addendum to Housing Assessment and Plan
- 2020 Housing Assessment and Plan
- Woodside Park, Phase I - 7 owner-occupied units, 1 rental property
- King's Crown - 9 affordable units, 1 attainable unit
- The Retreat at the Park - 8 single-family homes
- Central Park City Condos - 11 owner-occupied units
- Iron Horse Transit Housing - 13 rental units
- Black Rock Ridge - 17 owner-occupied units
- Silver Meadow Estates - 19 owner-occupied units, 30 rental units
- The Line Condos - 22 owner-occupied units
- Silver Star Plaza Condos - 20 owner-occupied units
- Prospector Square Condos - 23 rental units
- Snow Creek Cottages - 13 single-family homes
- Habitat Replat Subdivision - 2 single-family homes
- Empire Pass - 17 units
- 1465 Park Avenue - 2 owner-occupied unites, 6 rental units
- Iron Horse Park Apartments - 94 rental units
- Aspen Villas - 88 rental units
- Washington Mill Apartments - 8 rental units
- Holiday Village - 80 rental units
- Parkside Apartments - 42 rental units