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Pitkin County hears request to contribute to Cavern Springs resident-owned community; staff outline tight June/October timeline
Summary
Pitkin County staff and a regional housing coalition asked the BOCC to consider joining a multi-jurisdictional subsidy for Cavern Springs Mobile Home Park residents seeking to form a resident-owned community; residents must submit an offer by June with a closing by October, and staff proposed a revised subsidy target of about $8 million with $6M local, $2M private and a $10M low-interest loan.
Pitkin County housing staff and the West Mountain Regional Housing Coalition presented a request on April 14 to support residents at Cavern Springs Mobile Home Park in organizing a resident-owned community (ROC) to preserve deeply affordable housing used by regional workers.
Ashley Pearl, Pitkin County housing and resiliency director, said the county has been approached and that staff is weighing options while a county housing-retreat discussion is being scheduled in May to set strategic funding criteria. "Right now, we have $3,000,000 available in our partnership fund for 2026 and $1,000,000 for 2027," Pearl said, noting a combined $4,000,000 line in the housing property tax budget that staff is…
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