The Town of Vail is set to acquire an existing home in the West Vail neighborhood as part of its ongoing buy - down program for employees working at a business in Eagle County or the Vail town government . The home is located at 2059 Chamonix Lane , Unit 11 , within the Vail Heights Condominiums . Increasing the supply and availability of homes for year - round residents is a critical goal of the Vail Town Council . The purchase price of $548 , 000 plus closing costs for the one - bedroom , one - bath home is a demonstration of the Town Council’s commitment to the goal . The closing is scheduled for July 20 .
   Once acquired , the property will be deed - restricted as part of the town’s buy - down program established in 1999 . The home will then be rented to an employee of the Town of Vail municipal government . The town is the fourth largest employer in the community .
   The town budgets annually for such purchases and has made previously acquired homes available in separate actions to employees throughout the community as well as municipal employees .
   This is the fourth home to be acquired through the buy - down program within the past three months . Potential or future sellers of homes should consider contacting the Town of Vail Housing Department about their desire to sell their home .
   Following this latest closing , the deed - restricted housing inventory within the Town of Vail will increase to nearly 950 homes with an added 72 new homes coming soon at The Residences at Main Vail . In 2017 the Vail Town Council renewed its focus on addressing the housing challenges facing the Vail community through the adoption of the Vail Housing 2027 Strategic Plan . The plan set forth the goal of acquiring 1 , 000 additional deed restrictions by the year 2027 and the importance of maintaining and sustaining community through the creation and support of resident homes in Vail .  
   For additional details , contact George Ruther , Town of Vail housing director , at 970 - 376 - 2675 or
   gruther@vailgov . com
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