Americas 1:38:57
Video Summary:
Mountain resort towns like Steamboat Springs have long struggled to provide enough housing that's affordable. Yet in the wake of the pandemic, the situation is worsening: with full-time remote work here to stay, relocation to resort towns is a growing trend -- and Steamboat Springs is no exception, resulting in a housing crisis as supply lags far behind demand. Steamboat Springs is currently 1,400 housing units short of what's needed. What's there is pricey: The average sale price of homes has increased by over 70% since 2019, and one-bedroom rents are one-third above the national average. What's more, about 3,000 units have been converted to short-term rentals, exacerbating the shortage and leaving many locals priced out of Steamboat. The Yampa Valley Housing Authority invited ULI’s Advisory Services team in to assess the Brown Ranch Community Development Plan, funding concepts, strategy working with the private sector, as well as stewardship and governance.

Video Summary: Mountain resort towns like Steamboat Springs have long struggled to provide enough housing that's affordable. Yet in the wake of the pandemic, the situation is worsening: with full-time remote work here to stay, relocation to resort towns is a growing trend -- and Steamboat Springs is no exception, resulting in a housing crisis as supply lags far behind demand. Steamboat Springs is currently 1,400 housing units short of what's needed. What's there is pricey: The average sale price of homes has increased by over 70% since 2019, and one-bedroom rents are one-third above the national average. What's more, about 3,000 units have been converted to short-term rentals, exacerbating the shortage and leaving many locals priced out of Steamboat. The Yampa Valley Housing Authority invited ULI’s Advisory Services team in to assess the Brown Ranch Community Development Plan, funding concepts, strategy working with the private sector, as well as stewardship and governance.

RELATED
Event Session

2025 Spring Meeting—Legal Perspectives in Advancing Affordable Housing Production and Preservation

Law firms play a crucial role in the production and preservation of affordable housing by structuring deals, securing financing, and navigating complex policy regulations. Yet, their insights are often overlooked. This panel will feature real estate ...
Webinar

ULI Austin: Meet Recently Elected Austin Council Members

Meet three of City of Austin's recently (November 2024) elected council members.
Events Library

2025 ULI Spring Meeting

The brightest minds in real estate convened in Denver at the ULI Spring Meeting 2025 in Denver to participate in 22 expertly curated development tours, 30+ engaging concurrent sessions, and hear from 100+ speakers, offering actionable insights and in...
Topics