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Steamboat Springs board discusses 22-unit staff housing plan, weighing rentals, sales and financing
Summary
Board members discussed options for 22 proposed staff housing units on the Sleeping Giant parcel, including whether the district should purchase units to rent, sell deed‑restricted units, pursue a certificate of participation debt structure, or seek short‑term rental (STR) grant funding.
Steamboat Springs School District No. Re 2 board members spent more than 30 minutes on Sept. 22 debating how to proceed with a proposed 22‑unit staff housing development on the Sleeping Giant parcel, including whether the district should buy and operate rental units, sell units with deed restrictions, or pursue other financing.
Superintendent Celine Wicks told the board the original plan was for the district to purchase 10 units and for 12 units to be sold. Wicks said a legal review raised a constraint under the Fair Housing Act: “we are not able to put into that agreement that if they leave the district… we cannot put in there that they have to sell within any amount of days. Because according to the Fair Housing Act, you absolutely cannot do that.”
The Fair Housing Act limitation prompted a broader discussion of options: keep all 22 units as rentals; preserve a mix of rentals and units for sale; use deed restrictions where allowable; or pursue financing that lets the district retain ownership. Stephanie (district staff) explained a common financing tool: “a…
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