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Monday, June 19, 2006

Boomer couple cop plea in affordable housing scam

"Kirk Alter, a professor at Purdue University, and his wife Pam bought the deed-restricted single-family house in the Wellington Neighborhood in July 2004. The Alters paid $305,000 for the new two-story, three-bedroom, two-bath home. At the time, the couple signed an affidavit stating that one of them was employed within Summit County at least 30 hours a week.

During the 18 months the Alters owned the house, it appeared they only visited the neighborhood a few times, town prosecutor Seth Murphy said. [...]

The affordable housing crunch is not unique to the Colorado mountains. Wealthy baby boomers are affecting housing in many markets. McCabe said his Aspen office receives inquiries about how to deal with violators from as far away as Florida and Hawaii."

"Breck Affordable Housing Scofflaws Cop Plea"
Summit Daily News
Frisco, Colorado

Comments on "Boomer couple cop plea in affordable housing scam"


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