Breckenridge to expand ADU incentives beyond Runway to existing workforce housing neighborhoods

Breckenridge will soon give more homeowners in its existing workforce housing neighborhoods a financial incentive to build accessory dwelling units, potentially expanding the town’s supply of lower-priced rentals without additional taxpayer subsidies. Town Council members unanimously supported extending an incentive policy developed for the burgeoning Runway Neighborhood to other eligible deed-restricted properties during a work session Tuesday, Oct. 27, though formal approval remains pending. The expansion could open opportunities in neighborhoods such as Wellington, Vista Point and Gibson Heights, where current deed restrictions have made accessory dwelling units, or ADUs, financially unattractive for homeowners. Under the proposed policy, homeowners could recover up to $150,000 in documented construction expenses when selling a property with a completed ADU, beyond the capital improvement allowances typically permitted under existing deed restrictions.

This excerpt comes from the named source. Read the original for the full reporting.