City council considers subsidizing Lofts at Basecamp with up to $750,000 in STR funds

City council considers subsidizing Lofts at Basecamp with up to $750,000 in STR funds

The Steamboat Springs City Council is weighing a proposal to use short-term rental tax revenues to subsidize 10 apartment units at the Lofts at Basecamp, a move that could quickly convert market-rate rentals into affordable workforce housing.  The plan, discussed at council’s regular meeting on Tuesday, is being positioned as a pilot program — a move city officials hope will provide near-term relief for a community grappling with a housing crisi…