Vail area real estate price increases squeezing out first-time buyers
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Eagle County s Roberts on legislative task force for federal housing funding
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Special to the Daily
On Tuesday the Eagle County Board of Commissioners took a bold step toward addressing the local housing crisis.
Procedurally, commissioners approved a supplemental budget that transfers $5.4 million from the county’s general fund to its housing fund. Operationally, commissioners agreed to fund a series of programs officially called Bold Housing Moves designed to chip away at the local housing issue.
“I like it that this solution doesn’t try to build our way out of this crisis,” said Commissioner Kathy Chandler-Henry. She noted that building the number of needed new housing units would take several years and several million dollars and, put simply, the county doesn’t have that kind of money or that amount of time. But local officials have other tools to help local residents rent or purchase places they can call home.