Voters in the town of Silverthorne approved an increase to the town’s lodging tax while another ballot measure that seeks to raise the town’s debt limit was too close to call, according to preliminary election.
In yet another effort to alleviate soaring housing costs in Colorado, lawmakers on Monday introduced a bill aiming to boost condominium construction in the state an option historically seen as a way for first-time.
Silverthorne recently completed the buildout of the Smith Ranch Workforce Housing Neighborhood, which is the town’s largest investment in workforce housing yet. The completed part of the development consists of 214 homes. This features 50.
Summit County is poised to see hundreds of new workforce housing units opening in the next two years, so long as multiple efforts remain on track. Currently, 489 income-based homes, most as rentals with some.
For the first time since the beginning of the COVID-19 pandemic, the average home sale price in Summit County declined between January and March of this year. That’s according to a recent report from real.