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Steamboat allocates $5 million in short-term rental tax revenue to housing authority for Cottonwoods project

Summary by Steamboat Pilot & Today
Steamboat Springs City Council has approved a $5 million allocation to the Yampa Valley Housing Authority to support construction of its Cottonwoods at Mid Valley Project. The funding is being drawn from the city’s estimated $14.8 million in short-term rental tax revenue collected in 2024 and will support the project’s affordable homeownership opportunities in its second phase of construction. “The city continues to partner with local organizati…

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Steamboat allocates $5 million in short-term rental tax revenue to housing authority for Cottonwoods project

Steamboat Springs City Council has approved a $5 million allocation to the Yampa Valley Housing Authority to support construction of its Cottonwoods at Mid Valley Project. The funding is being drawn from the city’s estimated $14.8 million in short-term rental tax revenue collected in 2024 and will support the project’s affordable homeownership opportunities in its second phase of construction. “The city continues to partner with local organizati…

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yampavalleybugle.comyampavalleybugle.com

Two years after Steamboat voters passed STR Tax, the first $10 million is going to three very different projects

The city approved a loan in exchange for first dibs on units, awarded a grant to convert a project into condos and used $2.5 million in a move to help save Casey’s Pond. The first $10 million in revenue from Steamboat Springs’ 9% tax on short-term rental stays was allocated to three very different projects aimed at supporting affordable housing, and the city still has more than $14 million in the bank. Last week, Steamboat Springs City Council a…

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Missoula CurrentMissoula Current

Bill would allow resort tax revenue for workforce housing

The Montana Legislature is considering legislation that would allow resort communities that have opted for a local sales tax to use the money the tax raises for workforce housing. Continue reading…

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Steamboat Pilot & Today broke the news in on Thursday, January 30, 2025.
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