Low-income rentals project gets first look | PostIndependent.com

Low-income rentals project gets first look

GLENWOOD SPRINGS, Colorado – Conceptual proposals for two potential new housing developments, including a plan for 60 low-income rental units at Glenwood Meadows, will come before Glenwood Springs City Council when it meets tonight.

Developers of the proposed Glenwood Green Apartments at the Meadows, as well as the proposed 55-unit Silver Sage subdivision in south Glenwood Springs near the municipal airport, will both go before council for conceptual reviews.

Concept review is the first public step in the city’s planning process before a formal development application is submitted and referred to the planning and zoning commission.

Glenwood Green developer Steele Properties of Denver is under contract to buy a portion of the residentially-zoned property at Glenwood Meadows on Wulfsohn Road, south of the Target store.

The company was recently successful in its bid to obtain low-income housing tax credits through the Colorado Housing and Finance Authority to help finance the project.

The proposed 60 units would be the first of what could eventually be up to 475 residential units at the Meadows, including a possible 300 rental apartments.

The Glenwood Green plan would entail three apartment buildings, each including 18 to 21 apartments. A community hall, park space and related vehicle parking would also be developed on the site.

Apartments are to be made available on an application basis to individuals or households earning between 40 percent and 60 percent of the area median income for Garfield County.

“These units will maintain long-term affordability for a certain period of time regardless of fluctuations in the housing market,” according to a city planning staff report.

The project has a construction budget of $10 million, which should provide a boost to the local economy, according to a fact sheet provided by Steele Properties.

“Given the project scope and budget, an estimated 60 to 100 jobs will be created throughout construction,” it says.

Shaw Construction has been contracted to oversee the construction, and is committed to using local subcontractors and vendors, according to the fact sheet.

Meanwhile, City Council will also hear conceptual plans for the 55-unit Silver Sage project being proposed by Peter Waller for 42 acres near the intersection of Airport Road and Four Mile Road.

The project would be located in one of the city’s Hillside Preservation zone districts. Zoning allows for single-family homes on larger lots of at least one acre, according to a city planning staff report.

However, the developer is requesting a Planned Unit Development that would allow for 38 duplex units on the top of the hill, and 17 apartments or condominiums along Airport Road.

The project was originally submitted in 2008, but was withdrawn due to inadequate city water to serve the project. The city has since upgraded its water delivery system in the area.

Among the issues council will be asked to consider include concerns about access to the site, plans for retaining walls to accommodate the development, open space, affordable housing requirements, and a request for an extended vested rights period.

Also on tonight’s council agenda will be proposed licensing requirements for medical marijuana businesses, a discussion of city financial affairs and a proposal for three-way stop signs at two downtown intersections, at 7th and Colorado and 7th and Cooper.

The meeting begins at 6 p.m. tonight at Glenwood Springs City Hall, 101 W. 8th St.


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