One Moore home sees price cut | AspenTimes.com
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One Moore home sees price cut

Sarah S. Chung

One home in the Moore affordable housing project could be $68,000 cheaper than originally planned.

The housing board Wednesday recommended trading a Category 4 home for a cheaper, Category 3 unit within the portion of the development to be awarded through the general housing lottery.

When the 31-unit Moore project was approved over two years ago, 13 homes were designated for particular organizations and 18 were slated for the open lottery. All 31 units will be single-family homes.

Of the “set asides,” eight homes were assigned to the Aspen School District, three to Aspen Valley Hospital, one to the future property manager of the development, and one to a Moore family member.

Both the hospital and the school district conducted internal lotteries for their units in January 1997.

But last night, one winner of the hospital lottery petitioned the housing board to allow her to switch her category 3 home (which has a maximum $158,300 sales price) to a category 4 (which has a cap of $226,300.)

Linda Magill, an emergency room nurse, requested the change because her household income now exceeds the cap for category 3 housing.

The housing board unanimously approved Magill’s request, in part because the switch allows one of the Category 4 units slated for the open lottery to become a cheaper, Category 3 home.

“To me there’s a shortage of category 3 and it’s a pleasure to bring on one more category 3 single-family home. I’m happy to do it,” said housing board member and Mayor Rachel Richards.

The change would mean 11 category 3 units and seven category 4 units in the open lottery.

Since the Moore property will soon be annexed by the city, the City Council will make the final call on the category designations.


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