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Editor’s note: This story has been updated to correct information about the Town of Breckenridge’s short-term rental fee.
A Breckenridge plan to invest $50 million into workforce housing over the next five years could result in 970 additional units for workers living within town limits.
The Breckenridge Town Council gave its approval of the Five-Year Housing Blueprint at its meeting Tuesday, Feb. 22. The blueprint outlines the town’s goal to have 47% of the town’s workforce living in Breckenridge. Additionally, the plan aims to create a balance of 35% resident housing to 65% vacation or resort lodging in the community.
Although Breckenridge itself will be committing $50 million, town officials hope to leverage partnerships and projects with private developers and existing homeowners into a total $300 million investment into housing over the next five years.
The town’s short-term rental fee, which the council passed in November 2021, will help fund the $50 million investment. The fee requires every short-term rental license owner to pay $400 per bedroom to support the town’s workforce housing initiatives.
