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Working group splits on permanence; agrees to pilot with 5‑year sales restriction
Summary
Members debated perpetual workforce covenants versus a limited five‑year restriction; the working group voted to recommend a five‑year minimum affordability period for pilots and asked staff to draft exit‑ramp options and repayment formulas.
Committee members debated models for preserving affordability if pilots rely on city incentives or land contributions. One participant described a shared‑equity/ground‑lease approach where "we own the ground. They own the improvement" and resale follows a formula that preserves affordability for future households while allowing modest equity growth.
Opposing views argued that perpetual affordability is preferable to preserve long‑term housing access; others said a five‑year requirement with family‑transfer exceptions was a pragmatic middle path for small pilots. The group counted preferences and the chair reported a majority in favor of the five‑year recommendation to council; staff will return with draft exit ramps and formulas to enforce repayment of city subsidies if units are sold within the restricted period.
