Current policy requires developers to provide affordable housing for 60 percent of the employees generated by their projects. The draft language of the AACP would increase that mitigation requirement to 100 percent. However, the plan contemplates lowering the requirement for projects that provide “community housing benefits.”
ASPEN REAL ESTATE – Developers would have to provide housing for 100 percent of employees generated by their projects, and overall development could be slowed through a pacing system — if elected officials adopt the Aspen Area Community Plan as proposed.The AACP update, a 92-page document with hundreds of proposed action items, has been in the works for the last two years.The city of Aspen and Pitkin County began the process by seeking input from the community, and then the city and county planning and zoning commissions worked with community development officials to write the document. A draft version — available at aspencommunityvision.com — is now in the hands of elected officials, who are reviewing the document and plan to adopt something early next year. Small group meetings on each section of the AACP also are underway.The AACP was first created in 1993 and updated in 2000.
By Curtis Wackerle, Oct. 15, 2010 Aspen Daily News