In 2020 a 2.9% excise tax was placed on Short-term Rentals (STRs) for an Affordable Housing Fund and the Town code was updated to include community housing guidelines and requirements, including:
- Inclusionary zoning regulation requires 15% of units to be Community Housing, except for units under 2,700 sq.ft. (fees are updated annually based on previous year real estate sales).
- Employee Housing Mitigation Regulation requires building or payment into Housing Fund. Amount of building/fees differ based on use and size. Fees updated annually.
The town has 77 deed restricted properties that are managed by the GVRHA, including rentals and home ownership. In addition, the town’s Master Plan is contemplating additional community housing projects in the future.
Are you in need of assistance? Review the Basic Needs Resource Guide for the Gunnison Valley. This guide may be helpful if you are trying to make ends meet, are an immigrant, a senior, a parent, a veteran, or just want to learn more about the myriad of resources available in the Gunnison Valley.
The following are current initiatives that are in place in the Gunnison Valley and Mt. CB to assist in the creation of more affordable local housing options and to support locals.
TOWN OF MT. CRESTED BUTTE COMMUNITY HOUSING FUND
Do you love the Mt. Crested Butte community? Would you like to see it grow and thrive with additional amenities and services? Help us make that possible by assisting in affordable housing efforts so local employees can continue to live and work here.
By donating to the Town of Mt. Crested Butte Community Housing Fund, your 501(c)(3) tax-deductible donation will support various community housing initiatives administered by the Town of Mt. CB.
GOOD DEED HOUSING PROGRAM
Gunnison Valley Regional Housing Authority (GVRHA) is offering the Good Deed Housing Program as an incentive to property owners who place a permanent deed restriction on their property to restrict occupancy to local employees. The goal of this program is to support the community character and economy of the Gunnison Valley by securing long-term attainable housing within existing housing stock.
HOUSING MATTERS PROGRAM
The Housing Matters program provides local employees living in Gunnison County, Colorado with access to long-term rental (LTR) properties through a strict screening process. In addition, it entices short-term rental (STR) owners to place their property into an LTR with a surety fund that will cover up to one month’s rent and reasonable repairs if needed.
The Gunnison Valley Regional Housing Authority (GVRHA) manages the Gunnison Valley – Home Energy Advancement Team (GV-HEAT). GV-HEAT helps you save money and increase the safety and comfort in your home. Through GV-HEAT we connect households to resources that help them improve the energy efficiency, comfort, and affordability of housing in Gunnison and Hinsdale Counties. These resources are available based on household income and can be used by both renters and homeowners.
GV-HEAT facilitates both income-qualified and non-income qualified programs for the Gunnison Valley.