Snyder: 860 bids, 15 winners
The long-anticipated and hotly sought-after 15 affordable housing units at Snyder Park were awarded in several lotteries Monday by the Aspen-Pitkin County Housing Authority.
The housing authority received 860 applications for the various newly completed apartments, though numerous applicants entered lotteries for more than one unit.
In Lottery 1, 226 applicants contended for one Category 2, one-bedroom unit. The winning applicant was Alejandro Ortiz de Eliguea. The price of that unit is $78,000.
Lottery 2, for three Category 3, one-bedroom units, attracted 292 applicants. The winners were Lisa Bolerjack, Donald Brown and Antoinette LaFontaine. Those units are priced at $120,800 each.
In Lottery 3, for four Category 4, one-bedroom units, Dan Glick, Knansee Guglielmo, Robert Leventhal and Robin Scarlett were the winners. Those units will go for $196,000 each. There were 170 bids for the units.
One Category 2, three-bedroom unit was awarded to Tersia Ernst in Lottery 4. A total of 36 applicants vied for that unit, which was priced at $100,300.
Two Category 3, three-bedroom units were awarded in Lottery 5, going to John and Lori Doyle, and John and Lynn Redmond. A field of 77 applicants contended for the $143,000 units.
In Lottery 6, three Category 4, three-bedroom units were won by Wesley Cantrell, Roberto Flores and David and Dana Laughren. Those were priced at $219,500.
The lottery for the 15th unit, specially designed for a handicapped person, was won by Sue Simmons. That lottery attracted two bidders.
The 3.3-acre Snyder parcel, along Midland Avenue on the east end of town, was purchased by the city for $2.7 million in 1994. The 15-unit design was narrowly approved by the Aspen City Council last year.
The design was criticized by some surrounding residents for being too dense for the neighborhood and by housing advocates for failing to provide more units. The project was stalled in the fall of 1998 when it was discovered that the housing office’s development cost estimates were low by about $1 million.
The City Council approved a $3.3 million subsidy in April for the construction of the project. The total cost to build Snyder Park was $5.6 million. Proceeds from the sale of the units are projected at $2,342,494, leaving a final subsidy of $3,264,781.
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