In November 2020, the Aspen School District secured over $50 million in voter-approved bonding dedicated to housing teachers and staff. The District’s object is to provide housing for all of its teachers and staff in a financially responsibly and sustainable manner.
The District has retained Triple Point to construct a proforma type financial model to include operating revenues and expenses for the District’s housing units, as well a capital reserves and expenses. As new units are constructed and/or acquired they are added to the model. Alternative management plans can be modeled and compared to ensure the housing remains affordable while the District remains financially responsible in perpetuity.