Keystone staff recommend $50,000 predevelopment fund and $200,000 deed‑restriction program to address housing gap
Deputy Town Manager presented a housing needs assessment showing a 172‑unit independent community deficit and recommended a two‑pronged 2027 budget: $50,000 for predevelopment readiness to qualify for Proposition 123 matching funds and $200,000 to start a deed‑restriction acquisition program focusing on missing‑middle ownership.
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Deputy Town Manager (self‑identified in the presentation as Maggie Cielo) told the council staff’s analysis of the town’s housing needs assessment shows a net independent‑community deficit of 172 units. Staff highlighted two priority threads: a rental deficit concentrated at 0–80% AMI and an ownership deficit for the 80–120% AMI tier; the 51–80% AMI bracket alone accounts for 77 units of the total gap.
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