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The Town of Pagosa Springs has received an application for “Final Major Design Review” for a 50-unit apartment complex proposed at 116 Alpha Drive (SW of intersection of Alpha Drive and Aspen Village Drive). The proposal includes 2 buildings with 50 total units on approximately 3.5 acres. The apartments will be a mix of 1-, 2-, and 3-bedroom units.
The Design Review Board will conduct a public hearing on Tuesday, May 14, 2024, at 5:30 pm to consider the Final Major Design Review Application.
Public Hearings and Meetings will be conducted in person at 551 Hot Springs Blvd and also available for remote attendance via the Zoom meeting platform. Public comment will be taken in person and over Zoom. To access the meeting agendas and staff reports, click the round Minutes and Agendas tab located along the bottom of the photo on the Town’s website home page at pagosasprings.co.gov. You may also view the application at mypagosa.org/proposed-development-projects.
We encourage interested parties to contact the Planning Division prior to the public hearing dates, with any questions via phone at 970-585-8610 or email at cschultz@pagosasprings.co.gov. Written comments received 7 days prior to the meeting or public hearing will be forwarded to the Design Review Board for their consideration. Public comments will be accepted at the public hearings/meetings.
The Town of Pagosa Springs has received an application for “Final Major Design Review” for a 50-unit apartment complex proposed at 116 Alpha Drive (SW of intersection of Alpha Drive and Aspen Village Drive). The proposal includes 2 buildings with 50 total units on approximately 3.5 acres. The apartments will be a mix of 1-, 2-, and 3-bedroom units.
The Design Review Board will conduct a public hearing on Tuesday, May 14, 2024, at 5:30 pm to consider the Final Major Design Review Application.
Public Hearings and Meetings will be conducted in person at 551 Hot Springs Blvd and also available for remote attendance via the Zoom meeting platform. Public comment will be taken in person and over Zoom. To access the meeting agendas and staff reports, click the round Minutes and Agendas tab located along the bottom of the photo on the Town’s website home page at pagosasprings.co.gov. You may also view the application at mypagosa.org/proposed-development-projects.
We encourage interested parties to contact the Planning Division prior to the public hearing dates, with any questions via phone at 970-585-8610 or email at cschultz@pagosasprings.co.gov. Written comments received 7 days prior to the meeting or public hearing will be forwarded to the Design Review Board for their consideration. Public comments will be accepted at the public hearings/meetings.
Do you have any questions for staff about this project? Ask them here!
Share This may be a good idea however, I’d like to know…What will they be charging for what is considered low income housing fora per bedroom unit that’s very subjective on FacebookShare This may be a good idea however, I’d like to know…What will they be charging for what is considered low income housing fora per bedroom unit that’s very subjective on TwitterShare This may be a good idea however, I’d like to know…What will they be charging for what is considered low income housing fora per bedroom unit that’s very subjective on LinkedinEmail This may be a good idea however, I’d like to know…What will they be charging for what is considered low income housing fora per bedroom unit that’s very subjective link
This may be a good idea however, I’d like to know…What will they be charging for what is considered low income housing fora per bedroom unit that’s very subjective
shelleylow
asked
10 months ago
Hi shellylow,
Thank you for the great question. Housing affordability is linked to income, which is then translated to rents. The term "affordable" as it is applied to housing means not paying more than 30% of total income to housing expenses (rent, heating/cooling, water, sewer, and required maintenance costs such as HOA fees). Affordability in a local sense, for Pagosa Springs, is linked to Area Median Income (AMI) which is the middle of the spectrum of incomes of all households in the community. The AMI is determined from our census data, and then rents are determined from 30% of those numbers. It is much less subjective, but can be challenging because in a resort based community like ours, households need to pay their bills and to do so they often need to work multiple jobs which can often push them "over income" to not qualify for income restricted properties, as they serve only households earning between 30-80% AMI. However, because LIHTC projects receive government funding in the form of tax credits (Low Income Housing Tax Credit) the benefits must accrue to those in the greatest need who are not served by solely market-driven developments paying much higher taxes. This explains how rents are determined, however, it will depend on the final numbers at the time of occupancy. According to the Colorado Department of Local Affairs based on 2022 figures, 80% of AMI for a 2 person household in Archuleta County was $52,600 (before taxes), therefore "affordable" rent as defined, would be no more than $1,315, including all housing costs. This is just one example, actual rents will depend on the mix of affordability, family size, and unit.
