Affordable Housing
Keep Eagle County livable for the people who power our communities.
- Affordable housing is a complex, multi-tiered issue - low income wage earners and middle income wage earners. Housing must be attainable for local workers, families, and seniors. The current AMI (area median income) for Eagle County is $97,100 per year for a single person and $138,700 per year for a household of 4 people. There needs to be a balance between the incentives offered to developers for increased density of their projects with the affordable housing rate caps. A single person’s rent would be capped at $2,427 for 100% AMI, $1,942 for 80% AMI, and $1,214 for 50% AMI. We need to ensure these affordable housing approvals offer enough units at the lower percentage of the AMI rate to address the affordable housing need and justify increased density on a project. The affordable housing caps in the new Eagle County Land Use Code need to be scrutinized to make sure they offer enough incentives to developers while helping potential owners and renters of these units acquire housing. This helps the lower income wage earners that earn up to 100% AMI. An equally important issue is the middle wage earners that earn 100-200% AMI yet still cannot afford to buy a house. Solutions, such as scaling back building regulations to lower permit fees and providing a sales tax rebate on construction material, would enable contractors to lower construction costs while still being able to make a living.
- Work with towns, employers, and community partners on solutions that fit each neighborhood. This would include streamlining the approval process for affordable housing projects.
- Practice responsible growth while preserving the character of our mountain communities.