31 Oct Town of Telluride: Housing Authority Adopt Amendments to Employee Rental Housing Policies!
Town Council and Telluride Housing Authority adopt amendments to employee rental housing policies.
Changes formalize rent multiplier adjustment and reinforce Town’s commitment to affordability.
For agendas, meeting recordings, and more information, visit bit.ly/totcouncil.
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Town Council and the Telluride Housing Authority (THA) have jointly approved amendments to the Telluride Employee Rental Housing Policies
(TERHP), adopting changes designed to improve affordability for residents while maintaining financial stability across Town-managed housing.
The joint resolution, approved at a special meeting, builds on Council’s discussion during the October 9 budget meeting, when the proposal to adjust the rent-to-income multiplier was first presented. The adopted amendments reflect extensive rent modeling and financial analysis across all Town-managed housing properties—Shandoka, Virginia Placer, Sunnyside, and Voodoo—to ensure long-term affordability and program stability.
Under the amended policy, the multiplier decreases from 30% to 27% for newer housing units at Virginia Placer, Sunnyside, Voodoo, and Shandoka F, and from 27% to 25% for legacy units at Shandoka Buildings A-E and G-H. The Town will apply the 9% Area Median Income (AMI) adjustment published annually by the U.S. Department of Housing and Urban Developmentm(HUD).
These changes are expected to lower rent burdens for many residents, though not all, while ensuring that all Town-managed housing properties remain financially stable.
“Our employee rental housing program is a cornerstone of a strong and resilient community,” said Mayor Teddy Errico. “This update reflects our Council’s commitment to listening to residents and taking action to keep Telluride a livable community for our local workforce.”
The amendment process included public feedback, a work session and a formal public hearing to consider the resolution held by Town Council and the Telluride Housing Authority on October 28.
Key updates to the Telluride Employee Rental Housing Policies include:
• Formal adoption of the 27% and 25% rent-to-income multipliers;
• Establishment of Tier D (120% AMI limit) as the lowest tier at Voodoo;
• Review of the Boarding House model implementing a pilot master lease program for a
portion of units; and
• Codification of a unit amenities multiplier to account for meaningful differences in size
and features.
To help residents understand these changes and how they affect lease renewals, the Town will host two public information sessions on Tuesday, November 11, at 12:00 p.m. and 5:30 p.m.
Both sessions will include food and beverages, childcare, and Spanish-language interpretation.
The revised policies will take effect on January 1, 2026. Before that date, Housing staff will send personalized letters to each household explaining how these updates may affect their current lease to ensure clarity and transparency. Lease amendments will be issued as needed to reflectnany applicable changes as accepted by individual households. The full, amended Telluride Employee Rental Housing Policies will be republished and available on the Town’s website in November.
Telluride, more:
Credit, Ryan Bonneau.
Nestled amidst the majestic San Juan Mountains of southwest Colorado, Telluride’s captivating narrative is deeply rooted in the ancient legacy of the Ute tribe, the valley’s original inhabitants, who crafted their summer camps along the San Miguel River, naming the land “The Valley of Hanging Waterfalls.”
In the late 1700s, Spanish explorers traversed the rugged terrain, laying the groundwork for subsequent exploration and settlement. A fervent mining boom followed, igniting a rush of prospectors to the region, culminating in the founding of Telluride in 1880.
Telluride’s allure as a hub of opportunity attracted fortune seekers, bolstered by the arrival of the Rio Grande Southern Railroad and groundbreaking innovations like the hydroelectric power plant in Ames.
Set in a box canyon amid forested peaks at the base of the popular Telluride ski-and-golf resort, the town’s historic district houses landmarks like the Sheridan Opera House and the Telluride Historical Museum while playing host to culture, music, arts, outdoor recreation, and festivals with unrivaled views and dramatic locale.
For more information, please visit online at telluride-co.gov.