Vail Daily letter: Close the gap
Having lived in several mountain towns over the years (Park City, Bend and Vail) and having practiced residential real estate since 1993, I applaud the recent movement on the Chamonix workforce housing program and Vail Resorts’ decision to provide financial support for a variety of affordable housing initiatives. Not to mention Habitat for Humanity’s determination to build out the 40-home Stratton Flats neighborhood over the next two to three years.
But let’s face facts; It’s going to take a concerted long-term effort, led by the private sector, to make a meaningful dent in cleaning up the now chronic local housing “mess”!
Here are the specific actions I am going to take to help: One, roll out seminars to first-time homebuyers to educate them on what it’s going to take to get on a successful pathway to home ownership; two, collaborate with the Habitat for Humanity staff to develop a plan to double or triple the number of homes Habitat for Humanity is able to deliver on an annual basis; three, work with small-business owners to help them acquire rental properties which can be used to accommodate their key employees at fair and reasonable rental rates; four, launch Eagle iHomes, LLC with Bobby Ladd to design/build/market/sell single-family homes priced from $250,000 to $350,000 in downvalley locations (a for-profit business); and, five, provide a voice for hundreds if not thousands of local Millennials who are now wondering, out loud, if they will be able to work and live in the valley for many years to come.
For those of you who would like to join this movement, give me a shout.