BELOW SUPERNAV drop zone ⇩

Colorado town turns hotel into homes for seasonal workers

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) —  Finding affordable housing can be challenging in many places throughout the country. In Colorado, the problem’s been particularly acute in resort towns in the mountains, such as the town of Crested Butte.

“Our families know their kids won’t be able to afford to live here,” Troy Russ, Crested Butte’s community development director, said. “Our average price is now $1.5 million per home. And it is out of reach for not only our lower-income workforce, but our middle and upper-income workforces can’t afford to live in Crested Butte.”

Town officials are trying one solution— turning a hotel into a home.

They passed an emergency declaration allowing the town to bypass some bureaucracy and buy a bed and breakfast to accommodate some seasonal workforce, like those who work in restaurants or operate ski lifts in winter.

“We didn’t have dormitory-style homes for our seasonal workforce. So we wanted to add an arrow to our quiver,” Russ explained. ” You need to look at all the housing stock and what it offers you.”

This emergency declaration shortened the time it takes to transition the hotel to residents by about four months.

“Each room has their own bathroom, but they share the kitchens,” Russ explained. “It’s one of many tools that we’re using.”

These other tools include buying deed restrictions off existing homes, Russ said. The town’s also currently building 70 units of affordable housing units.

West

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

68°F Sunny Feels like 68°
Wind
1 mph SSW
Humidity
27%
Sunrise
Sunset

Tonight

A few passing clouds. Low 46F. Winds light and variable.
46°F A few passing clouds. Low 46F. Winds light and variable.
Wind
2 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous