Breck affordable housing scoflaws cop plea deal

131955 Resource 78724 78558 78558 1151182818124 1151182818124 Controlled Are Deed Restricted Units Second Homes?

Breckenridge settles the first case.

Kirk and Pam Alter thought they had the cat's meow - a low-priced home in Breckenridge where they could vacation (live?).  New construction as well.  The problem was that the property was deed restricted to locals only.  You see, as prices rise in resorts, locals increasingly get priced out of real estate.  The privilege of living and working here has a decreasing ability to actually live here.  So, to counter the problem and increase the ability for locals to actually purchase homes, nearly every resort establishes some rules.  Sometimes it means that each new development have a few "locals dedicated" units.  Sometimes, as in this case, the entire subdivision is for locals only.  The rules are made quite clear to anyone purchasing, and they actually have to sign an affidavit that they will be living full time in the property, that they are employed locally, and that they fall within certain income guidelines.  Mr. Alter is actually employed as a professor at Purdue University.  And, eventually, someone at the Town found out.  And the Town took it seriously - filed criminal charges.  The couple recently pleaded no contest and the <a href="http://www.summitdaily.com/article/20060619/NEWS/106190074/-1/ARCHIVES05" target="_blank">case was settled</a>, but the message is clear.  If you are a second home buyer, make sure you are purchasing a true second home.  And leave the locals units for locals.  <div>__________________________________________</div>Want to buy or sell a SnowHome in Summit County?  Please visit our <a href="public/public/public/public/public/public/public/public/public/http//www.snowhome.com">website</a>.  All the property listings are there.  When you live or visit here, you will know "Snow Place Like Home". 9 application/xml false affordable housing Breckenridge deed restricted second home buyer second home owner second homes Breck affordable housing scoflaws cop plea deal The case is settled http://www.summitdaily.com/article/20060619/NEWS/106190074/-1/ARCHIVES05 Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 kdeshaies false true false false true 205866 false false true false false false true 78724 blog blogsite/SnowHome/web