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Housing During the last eight years, the Aspen area has become home to more than 1,400 people working in Aspen and living in affordable housing - 592 owning their homes and 909 renting. For most resorts, this would be nothing short of miraculous, but in Aspen it's the tip of the iceberg when it comes to the issue of housing.During the same period, an estimated 1,075 Aspen area workers who used to live in free market homes, condos and multiplexes have had to find somewhere else to live, as 597 free market units have been converted into something other than workforce housing. And yet another wrinkle: As the baby boomer generation ages in Aspen, they are slowly but steadily retiring in their affordable housing units, taking more workforce housing off the table. While the numbers are modest today - an estimated 207 retirees live in affordable housing - that number is predicted to jump to 625 in 2017, and peaking at 1,142 in 2032. At the same time, the downvalley housing "relief valve" has squeezed tighter and tighter: The option of buying a home from Basalt to Glenwood has become more and more challenging. The average single-family home price in Basalt recently topped $1 million and Carbondale is hovering at about $600,000.Based on these trends, it seems that over the next 20 years or so, downvalley communities may experience what happened in Aspen during the last 20 to 30 years. As downvalley property owners -- be they plumbers, accountants or teachers -- watch their home prices skyrocket, some will decide to sell for long-term financial security and move elsewhere. And the buyers will not necessarily become members of the local workforce. In May of 2008, the City of Aspen and the Aspen/Pitkin County Housing Authority completed a study and survey of affordable housing within the City. To see the results of this study, please click here. Linkage to other issues There are precious few issues in the Aspen area that exist in a vacuum. Here are a few topics that are directly related to the question of housing the local workforce. The Economy. Between 2001 and 2006, the number of jobs in the Aspen area increased by more than 1,000 - or about 7%. Growth Management. In 2007, changes to the City's land use code made it likely that future developers will have to build as much square footage of affordable housing as free market housing in commercial zone districts. Transportation. Both the City of Aspen and RFTA are planning for substantial jumps in transit efficiency. The City will implement transit-only lanes from the airport to the roundabout by November 2008, and RFTA is working on the Bus Rapid Transit concept of a bus system that functions like rail through an emphasis on express trunk service. |