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Town of Basalt Housing Mitigation Ordinance

Zoning    Affordable Housing    
Town Of Basalt   
| Suburban | Rural
The Zoning Code for Housing Mitigation requires twenty percent of all newly constructed dwelling units and fifteen percent of the bedrooms of all new residential developments comprised of five or more units be affordable housing. All commercial developers must pay a housing mitigation fee of fifty cents per square foot. The commercial developer must provide a percentage of affordable housing correlating to the number of employees expected to work in the structure after completion based on a formula provided in the statute. Furthermore, 100% of all affordable housing units that undergo any sort of redevelopment must be replaced. Finally, the town may waive certain fees if developer constructs affordable housing