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The Yampa Valley Housing Authority voted Thursday to not seek a property tax that could have generated $395,000 annually for the organization. The Housing Authority also changed the listing price for their undeveloped Elk River Village property, pictured above, from $2 million to $1.5 million.

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Yampa Valley Housing Authority won't seek property tax

Poor economy, lack of support cause board members to drop ballot question

The Yampa Valley Housing Authority voted today to abandon a ballot question asking voters to approve a property tax that would have raised about $395,000 annually for the organization. The board voted in January to seek the property tax, which the Housing Authority said would have made it less reliant on payments from the city and county.

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