Summit County, CO and Breckenridge respond to housing shortage with Lease to Locals incentives
Summit County, CO Breckenridge Lease to Locals Housing
In Progress
Summit County and Breckenridge estimated a shortfall of 2,600 rental units for local workers by 2023. Landing Locals was selected to run the six-month pilot. Owners of licensed short-term rentals receive up to $24,000 when converting to long-term rentals. Short-term property managers also receive up to $2,700 per unit and additional incentives for multi-unit referrals. The goal of Lease to Locals is the availability of at least 100 new rental units by spring 2022.
Governments Involved
Newsworthy
Project Succeeded
Town and county officials approved an extension of the pilot through December 2022 after converting 50 short-term rentals into long-term rentals.
Related Projects
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