Lots of talk about Short Term Rentals (STRs) here in Summit County. Some people love them, others are not so thrilled.
Here’s an update on the County’s emergency short-term rental license moratorium proposal from the Summit Association of Realtors Executive Director, Sarah Thorsteinson: The emergency moratorium would disallow any new short-term rental licenses for twelve weeks, effective Tuesday, September 14th.
The moratorium applies to unincorporated Summit County, but the County has exempted Keystone and Copper Mountain because these areas are designed for STR’s as tourism areas. Breckenridge, Blue River, Frisco, Dillon, and Silverthorne do not fall within the County’s jurisdiction, so this does not apply to them.
The moratorium intends to allow an overwhelmed staff to get caught up in processing nearly 75 applications for licenses per week, almost 1000 since January.
At the same time, the County is working on multi-faceted incentives and housing programs to help address housing issues that they hope to roll out by mid-October. This includes cash incentives to owners in areas such as Dillon Valley and Wildernest that they believe should serve as locals housing, to convert from STR to long-term rentals. It also includes allowing accessory dwelling units in areas where they aren’t currently allowed or incentivizing ADU’s to become long-term rentals with deed restrictions. These are just a few of their ideas.
SAR has asked that the County consider allowing properties already under contract the ability to apply for a license during the moratorium. We have also asked that spec homes/new developments under construction be allowed to apply for licenses. Finally, we have requested that properties that have STR reservations/rental contracts through the winter months be allowed to honor those contracts. We have asked the same to the Town of Breckenridge.
The Summit Association of Realtors is having a meeting 9/10/2021 where we will hear from County Commissioners Tamara Pogue and Josh Blanchard.
If you have any questions or comments, please let me know and I will pass along your thoughts at the meeting.
Keeping you in the loop,
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