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A long-awaited affordable housing allocation on U. S. Forest Service landThe U. S. Department of Housing near Hilltop Drive in Steamboat Springs took another step forward Tuesday after the Yampa Valley Housing Authority announced the hiring of a progression partner.
Servitas, founded in Irving, Texas, was named as the housing authority’s spouse in the construction of 84 workforce rental housing complexes on the eight-acre parcel, according to the housing authority.
The housing authority said it anticipates the allocation will provide 18 housing clusters for United States Forest Service personnel, 10 housing clusters for City of Steamboat Springs workers and 56 affordable housing clusters for “a broad segment of local and local retirees” earning between $50 and $140. % of the region’s median income.
“Partnering with Servitas allows us to leverage their expertise and resources to create a progression that only meets the rapid housing desires of our workforce, but also complements the Housing Authority’s capacity,” Array YVHA Executive Director Jason Peasley said in a statement. Formation
Housing plans on federal lands are made imaginable by federal law that allows the United States Forest Service to lease administrative sites for workforce housing development. U. S. Sen. Michael Bennet and Rep. Joe Neguse visited last summer as Bennet pushed for an expansion of the law.
“We’re facing a housing crisis in Colorado, and that’s not too strong a word,” Bennet said. “And that’s especially problematic in hotel communities. “
In April, the Forest Service granted the city a right of first refusal to lease the administrative site, and in June, the housing authority and the city signed a memorandum allowing the YVHA to lead the development of plans for the allocation in the city’s call. .
This memorandum also legalizes the housing authority to rent to a developer for allocation and for percentage of pre-development costs.
According to the housing authority, the progression is expected to “feature all-electric, energy-efficient designs” near public transportation locations and Rita Valentine Park.
The housing authority said Servitas selected as the site’s progression spouse “after a rigorous and competitive process” that began with a bid in May and garnered seven responses.
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