Story perspectives

Billionaires Invest in Affordable Housing Amid Demand Surge

12/16/2025

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Summary

Story summary

Landin Hutchison and Piper Rillos moved into a two-bedroom apartment in downtown Steamboat Springs, paying $2,100 monthly.
Riverview complex, purchased for $95.3 million by 970 Steamboat Limited Liability Company (LLC), serves over 100 locals and offers affordable units with no income qualifications.
The development signals a growing trend of billionaires investing in affordable housing in Colorado's mountain towns, as local officials urge swift solutions amid rising demand.

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Story summary

Landin Hutchison and Piper Rillos moved into a two-bedroom apartment in downtown Steamboat Springs, paying $2,100 monthly.
Riverview complex, purchased for $95.3 million by 970 Steamboat Limited Liability Company (LLC), serves over 100 locals and offers affordable units with no income qualifications.
The development signals a growing trend of billionaires investing in affordable housing in Colorado's mountain towns, as local officials urge swift solutions amid rising demand.