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ASPEN, Colo. - While there are many off-ramps, Aspen city officials have moved forward on the second phase of an affordable housing project called Burlingame Ranch.

This next phase would consist of 167 affordable housing units built during the next 5 to 6 years. However, the city is not looking to start construction for at least another year.

The Aspen Daily News reports that a key question for city officials is how soon the units will be needed. About 190 people put their names on a pre-sales list.

Still, there are worries about saturation of the market. An existing owner of deed-restricted housing earlier this summer urged the city to wait on new housing, lest the market be diluted and no buyers would be available should he want to sell his unit.

Chris Everson, the affordable housing program manager, said the city may also look at job growth and income distribution statistics in considering whether to go forward with more housing.

 

 

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