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Council approves APHA budgets and hears housing updates; city flags LIHTC constraints
Summary
Council adopted the Aspen‑Pitkin County Housing Authority (APHA) 2026 budget and an APHA 2025 fall supplemental; staff updated the council that seven Aspen Country Inn vacancies have been offered and cautioned that LIHTC income thresholds do not adjust automatically with local wage increases.
Council approved Resolution 134 to adopt the APHA 2026 budget and also approved Resolution 132, a 2025 fall supplemental for APHA's development fund that includes inventory accounting for purchased/refurbished units. Matt Grama explained that the APHA supplemental is largely an accounting action to amend budget authority for inventory cost of goods sold when APHA purchases and refurbishes properties or partners on new builds.
City staff reported an update on Aspen Country Inn: all seven vacancies at the property have been offered to applicants and are under vetting. Mayor Richards explained why the city avoided LIHTC in the Lumberyard Project, saying federal low‑income housing tax credits have rigid income qualifications that do not automatically adjust for local wage increases and hence can make occupancy of LIHTC units difficult in high‑cost communities.
Council approved the APHA budget actions by roll call and thanked APHA board representatives for oversight; staff will continue to manage inventory accounting and rehabilitation projects and return with any material changes required by APHA operations.
