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Pitkin County begins spending from new housing tax; Crown Mountain land trade and Crown parcel remain unresolved
Summary
Pitkin County’s 2024 housing property tax (approx. 1.5 mills, 25‑year horizon, estimated $8.5M) will begin funding deed‑restriction buy‑downs and other housing activities; county staff also reported that the Crown Mountain parcel trade for employee housing remains legally constrained and not currently viable.
Pitkin County officials outlined early uses for a voter‑approved housing property tax and summarized ongoing limits on a long‑pursued Crown Mountain land trade for employee housing.
Pitkin’s housing tax, approved by voters in November, creates a revenue stream the county estimated at roughly $8.5 million over 25 years (about 1.5 mills per year). The county said the ballot language intentionally allows broad uses, including senior housing, homelessness services, preservation and conversion of market units to deed‑restricted units, capital reserves and construction support — not only traditional workforce housing development.
Ashley Pearl, Pitkin County’s resiliency and housing…
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