jnelly
Member
Can anyone clarify the subsidy part of the equation?
"Mr. Aerenson, a retired lawyer and a ski instructor at Breckenridge, estimates that it costs the town $150,000 in subsidies to build a single unit of affordable housing, a process that takes years even when the funds are available."

Development - Gorman & Company USA
Gorman & Company is not just real estate development, we consider ourselves a community development and neighborhood revitalization company.
My oldest friend actually works at the home office here in Madison (Oregon) WI. One aspect of their business is housing in high dollar areas for the workforce at seasonal places like ski resorts. I do not remember all the nuts and bolts, but they source government housing grants and then use those themselves for projects and or "re-loan" them to other developers.
We were in Telluride a few years ago and after some beers he made us walk past and inspect a vacant lot that they had their eyes on so he could call it a "business trip"

Steamboat moves toward deal with developer to secure 11 workforce housing units
Steamboat Springs City Council members are moving toward a deal with a local developer to secure 11 workforce housing units in exchange for a $2.6 million loan. Council members discussed the potential deal with the...
