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HomeMy WebLinkAbout20250509Comment_1.pdf GVD Partners, LP E C E i V E D 909 W. 15f Avenue, Ste. B, Spokane, WA 99201 Phone (509) 534-5805 2025 HAY -9 PM 0 17 April 30, 2025 PUBLIC ly- COMMISSION Avista Corp PO Box 3727 1411 E Mission Ave Spokane,Washington 99220 VIA CERTIFIED USPS ONLY Idaho Public Utilities Commission PO Box 83720 Boise, Idaho 83720 VIA CERTIFIED USPS ONLY Re: Opposition to Proposed Cost Increases—Residential Development Rates To Whom It May Concern: Thank you for your letter dated April 25, 2025, regarding the proposed updates to Avista's residential development costs, filed with the Idaho Public Utilities Commission. Please be advised that GVD Partners, LP is opposed to the proposed changes. The increased charges— specifically the builder non-refundable payment increase from $883 to $1,304 and the developer contribution rising to $3,333 per lot—pose a significant burden on project feasibility and long-term affordability. In North Idaho, we are already facing a well-documented housing affordability crisis. The market is under immense pressure from rising material and labor costs, limited inventory, and population growth that continues to outpace housing supply.Added utility-related development costs threaten to further inflate the price of new homes,placing additional strain on both developers and end-buyers. From a feasibility standpoint,these increases narrow already tight margins for residential projects.In many cases, they could render moderately priced developments financially unviable, ultimately discouraging investment in much-needed housing. These added costs also undermine efforts by developers to meet the demand for entry-level and workforce housing—segments that are already critically underserved. We respectfully request that our opposition to this proposal be formally noted. We urge Avista and the Commission to consider the regional impact of these increases and seek solutions that support both infrastructure needs and the goal of sustainable, affordable housing development. Please feel free to reach out should you require any further information. rely, 2� J rey R. Bornholdt Vice President