Apr 162011

Affordable housing in pricey resort towns can be a reality.  In an effort to stay vibrant, several Rocky Mountain cities offer deed-restricted housing to teachers, officials and others.

After spending his day in front of a middle school classroom, Brook Yeomans sometimes jumps on his skateboard for the short commute to his home, a two-story, coffee-colored townhouse with views of the vast Wyoming mountains.

The home is the equivalent of real estate gold: He and his wife, Jessica, recently purchased it for $230,000, a far cry from its $750,000 market price.

In most of the country, the two-income couple would be unlikely candidates for subsidized housing. But in this Rocky Mountain resort town, where the median home price is $1.2 million, officials have made it a top priority to ensure public employees and other middle-income residents can live in town. If that means subsidizing families with incomes up to six figures, so be it.  …read more

— 2/17/08 | Mead Gruver | Associated Press | LA Times


We want to hear from you.

Would you stay put if you couldn’t afford housing in your resort town?  What are the biggest obstacles you face to securing housing where you live?


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