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ASPEN DAILY NEWS- Basalt’s contributions to affordable housing pass $1 million mark

ASPEN DAILY NEWS- Basalt’s contributions to affordable housing pass $1 million mark thumbnail

Posted October 20, 2017 by edanneker

When the Basalt Town Council voted unanimously last week to forgive various development-related fees totaling $186,000 for a 27-unit housing project spearheaded by Habitat for Humanity of the Roaring Fork Valley, it continued a trend that gained institutionalized traction with the release of the town’s housing study in 2015.

That study, according to Town Manager Ryan Mahoney, showed that, between 2000 and 2010, the cost of living in Basalt increased by 26.5 percent, while median household income decreased by 2.3 percent. During that same period, the median home value in Basalt increased by a whopping 70 percent.

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