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<br />0445 <br /> <br />SUMMARY <br /> <br />technical and financial assistance will be required. Such assistance is <br />in. part available in state government; however, sources of technical as- <br />sistance are fragmented, and those having the technical expertise often <br />do not have ready access to needed funding. <br /> <br />There is an urgent need for up-to-date, comprehensive contingency plans <br />at all levels of local government. Local government officials are faced <br />with a tremendous amount of uncertainty relative to the timing and magni- <br />tude of energy development. They are criticized for failure to antici- <br />pate new impacts, but often lack the basic data (e.g., accurate employ- <br />ment estimates, construction schedules) to develop such plans. Local <br />officials seldom have the financial support to carry out a comprehensive <br />financial analysis of various alternatives. <br /> <br />Most energy-impacted communities will have an immediate need for sizable <br />quantities of temporary housing for construction workers. The financing <br />of mobile home pads may not represent an attractive investment opportu- <br />nity because of high costs and uncertainty of the duration of demand. <br />Further, physical appearance of most mobile home parks is a problem in <br />many areas in the Rocky Mountain Region. Nevertheless, mobile homes <br />still offer the most practical solution to the temporary construction <br />worker housing problem. <br /> <br />The risks involved in providing large quantities of mortgage money in <br />energy-impacted areas is a matter of concern. The demand for funds is <br />likely to outstrip local commercial bank and savings and loan resources. <br />Experience has shown that escalating housing costs severely limit the por- <br />tion of the market that can qualify for mortgage financing. <br /> <br />Major Recommendations <br />I. Develop a system and criteria for identifying areas likely to experi- <br />ence adverse short term socio-economic impacts from energy development. <br /> <br />II. Create an Energy Impact Assistance Fund to provide front-end financing <br />for energy-impacted areas in the state. <br /> <br />ix <br />