Don’t give up on
shouldn’t give up its quest for affordable community housing.
bid for tax-credit financing for the Town Center project was rejected by
the state because of the "high" cost per housing unit.
rejection could have been appealed, but the City Council declined.
Instead, two council members will travel to Boise to talk with IHFA
appeal would have given the city an opportunity to educate the Idaho
Housing Finance Association. Like everyone who meets the resort housing
issue for the first time, IHFA has a lot to learn.
learn that the cost of building community housing in Ketchum is not
comparable to any other Idaho city. It’s comparable only to places like
Aspen, Vail, Park City, and Jackson Hole.
learn that Ketchum needs housing for both middle- and low-income workers.
It would learn that in Aspen, Colo., even doctors qualify for community
housing because of high costs.
learn that even if it’s cheaper, housing 10, 20 or 30 miles away from
Ketchum is more expensive because of transportation and parking costs.
needs IHFA’s help. IHFA needs to do its homework and do its job—finance
housing where it’s needed.