Moore says more housing is in the future for Silt
Glenwood Springs, CO Colorado
SILT, Colorado ” Mayor Dave Moore has seen a lot of headlines about affordable housing projects not cutting the mustard lately.
Affordable units at Ironbridge in Glenwood Springs tied up in bankruptcy court. Affordable units not appearing in Rifle as proposed. Catholic Charities looking for 10 years to put a $3 million contribution to use toward another affordable housing development.
But he thinks a proposal that he’s behind might fit the bill.
“I think that we have what the valley’s been looking for for a very long time,” Moore said.
Moore, some family members, and business partners received a preliminary plan approval from the Silt Town Board of Trustees March 23 for their three-acre Autumn Ridge Subdivision planned unit development (PUD). Moore hopes to make some minor revisions and submit plans for final approval within weeks.
The plan includes 34 townhouse-style housing units in six separate buildings, and a seventh, two-story building that would house 7,000 square feet of commercial space with eight condominium units on top. The townhouse units would range from 1,500 to 2,000 square feet and come with one-car garages. The condominium units would be around 800 square feet.
The units will generally be built to sell in the $270,000 to $300,000 range, Moore said.
But his plan is to partner with groups like the Garfield County Housing Authority, the town of Silt, Garfield County, and any other interested parties such as the Aspen Community Foundation, school districts or hospital districts. Through contributions from some of the organizations, himself, and his development team, Moore hopes to bring the price of most or all of the units down to $215,000 or lower and place them under deed restrictions.
“This is going to be a shot in the arm for this little part of Garfield County,” he said. “We will be encouraging strictly local participation for building and supplies. Building a house provides so much work for so many people.”
Town administrator Betsy Suerth said it’s not yet clear how many units will be designated as affordable. That information must be provided in the final plan.
Moore said he expects all of the units to be below free market value, but his group is still determining exactly how many would be deed-restricted and designated as affordable. He hopes to break ground by the fall, have about 10 units on the market at this time next year, and complete a full build out in about three years.
For years, Moore said, affordable housing in the area has been “thrown under the bus” as everyone focused on building half-million dollar homes, but the development of affordable housing could fare better under current economic conditions.
The property is just north of Main Street in Silt about 200 feet west of 16th Street. Moore said it’s a beautiful location within walking distance of downtown Silt, bus stops, the Post Office and medical clinic.
Moore and the group behind the development formed High Point Ventures, LLC. It includes Moore’s wife, Sherree, Deric and Tracey Walter, Jim Vorheis, Joy and John Zeller, and James and Kelly Moore.
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