In this first effort underwritten by the nonprofit Factual Aspen Investigative Reporting (F.A.I.R.), Post Time News investigates how the City of Aspen is trying to fund affordable housing. “After spending more money than the City had in the bank to bank land for its 32-year-old affordable housing program,” Post Time News reports, “the City of Aspen was compelled to borrow $8 million from the Wheeler Opera House fund to help finance more than $35 million in land purchases. The City may be forced to borrow millions more from the City-owned Wheeler to pay off the outstanding balance, according to Aspen Finance Director Don Taylor.”
