Archdiocese eyes Glenwood site for new housing project
GLENWOOD SPRINGS – Archdiocesan Housing, Inc., is gearing up to propose a new 56-unit affordable rental housing project on a vacant piece of land north of the Wal-Mart store in Glenwood.
AHI is an arm of the nonprofit Catholic Charities organization. It has built and manages several low-income family and senior housing projects throughout Colorado, including the Machebeuf Apartments in West Glenwood and the Villas de Santa Lucia in Carbondale.
Before a development application is submitted to the city of Glenwood Springs, however, AHI is seeking to obtain $7.6 million in tax credits from the Colorado Housing and Finance Authority (CHFA).
It is also looking for financial support from local governments to help offset the $12.3 million project cost, including $560,000 from Garfield County and $550,000 in fee waivers from the city of Glenwood Springs.
AHI Executive Director Josh Russell is scheduled to appear before the Garfield County commissioners on Tuesday asking for the financial assistance, as well as a letter of support to send to CHFA.
In a letter to county manager Ed Green, he explained that the new Glenwood project would consist of 56 one-, two- and three-bedroom apartments, with rents targeting local families at or below 60 percent of the area median income. That would equate to about $600 to $900 per month, he said.
“At this point, our priority is to obtain a reservation of tax credits,” Russell wrote in his letter to the county. “Among other things, it is a requirement of the application to submit some type of evidence that all proposed sources of funding have been contacted.”
The CHFA application is due March 1, and a decision on the tax credits is expected in late April, he said.
Russell will also ask the Glenwood Springs City Council for a letter of support at its meeting next Thursday. However, Glenwood Community Development Director Andrew McGregor said council will not see a conceptual plan for the project itself until next month.
“That will be a first blush step for us,” McGregor said, adding that a formal development application would likely follow if AHI is able to obtain its financing.
McGregor said the proposed site for the new housing project is immediately north of Wal-Mart, on property owned by the heirs of the late Leonard Rippy.
Rights of way exist for Palmer and/or Blake avenues to access the site, McGregor said. However, the street is not improved and a gate currently blocks vehicle access on the Blake Avenue right of way between Wal-Mart and 27th Street.
Russell said in his letter to the county that the new project would be structured in a similar manner to the Machebeuf Apartments.
Last summer, AHI also applied with the town of Basalt to build 82 apartment units on Emma Road, just down valley from the Basalt post office.
Russell could not be reached for comment Friday on the new Glenwood Springs proposal, or the status of the Basalt proposal.
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Eagle County will go to Stage 2 fire restrictions Friday, joining Pitkin County and other state and federal lands in the area.