Posted inBusiness, Housing, News

Aspen City Council limits short-term rentals, imposes fees on home construction and eases path for affordable housing

The Aspen City Council this week approved strict regulations limiting short-term rentals and easing the process for developing affordable housing, concluding seven months of work to rein in a real estate market frenzy that has homes selling for as much as $6,000 a square foot. “Are we a community or a commodity?” Aspen councilor Rachel […]

Posted inBusiness, Housing, News

Colorado high country commissioners blast Airbnb report that disconnects short-term rentals from housing crisis

A group of 15 commissioners from seven mountain counties is blasting a recent study commissioned by short-term rental giant Airbnb that dismissed the idea that short-term rentals are eroding worker housing in Colorado’s high country. “Airbnb narrowly focused on positive impacts, and facts appear selected to craft a story that is not entirely true, especially […]

Posted inHousing, News

Aspen suspends new home construction permits as it drops the hammer in the name of affordability

Aspen’s city council this week stopped issuing not just short-term rental permits, but permits for all home construction as the city struggles with a critical lack of affordable housing and the increasing use of homes by vacationers.   A moratorium, passed unanimously by emergency ordinance Wednesday night after two meetings in two days, goes beyond suspending […]

Posted inBusiness, Housing, News

Colorado mountain communities vote “yes” on new short-term rental fees but reject heavier regulation

Colorado voters in several resort communities approved increased fees and taxes meant to squeeze more revenue for affordable housing from short-term rentals. But voters in end-of-the-road Crested Butte and Telluride stopped short of heavier restrictions intended to slow and limit short-term rentals in the tourist-dependent communities. Jim Day, who is retired and lives part time […]

Posted inBusiness, Economy, Housing, News, Politics and Government

Colorado lawmakers shelve proposal to more than triple property taxes for short-term rentals

A group of state lawmakers Wednesday spiked an effort to change the property taxation formula for short-term rentals in Colorado, underscoring the political touchiness of the topic sparking regulatory debate across the state.  In a 5-1 vote, the Legislative Oversight Committee Concerning Tax Policy rejected an effort to advance a draft bill that would have […]

Posted inHousing, News, Outsider

A flurry of policy experiments in Colorado serves as “regional laboratory” for regulating, limiting short-term rentals

Winter Park and Breckenridge are offering big incentives to homeowners who convert their short-term rental properties to housing for locals.  A program called “Short-Term Fix” offers homeowners up to $20,000 for converting their Winter Park vacation homes to housing for locals.  The Town of Breckenridge and Summit County last week unveiled a similar program. The […]

Posted inGrowth, Housing, News

Housing in small Colorado towns is “damn near a crisis.” But the solution isn’t as easy as just building more.

MANCOS — There’s no affordable housing in Mancos. Zero rental units. Nearly no houses on the market. The town’s school district struggles to hire teachers because they can’t find a place to live. It’s the same story with the town government, the hospital and the nursing home.  It’s an “overwhelming issue” for the town of […]