Families realize their dreams | SteamboatToday.com

Families realize their dreams

Fox Creek tour gives residents sneak peak of their new homes

— Juan Carlos Maldonado, his wife Guadalupe and their two children last week toured the home they thought they never would be able to afford.

“Never in Steamboat,” Juan Carlos said. “It’s expensive and this is a great opportunity we have to buy something.”

Juan Carlos has worked in construction, maintenance and housekeeping since moving to Steamboat from Honduras in 1998. Now he works in the laundry facility at the Yampa Valley Medical Center and Guadalupe raises their two children, Ruth, 6, and 3-year-old Jaslin.

“I like my new house,” Ruth said.

The Maldonados were among several families who walked through the nearly completed Fox Creek Village 30-condominium development built by the Yampa Valley Housing Authority. The families should be able to move in by October. Fox Creek is the Housing Authority’s largest affordable housing project to date.

Juan Carlos remembers the lottery that nearly 300 people entered last June to decide who would get dibs on the 20 low-income and 10 moderate-income units on Hilltop Parkway.

“I call it lucky Friday,” he said. “Finally we get to own something here in Steamboat.”

Kathy St. George has owned and lived in mobile homes for the 30 years she has been in Steamboat, but she said she was never willing to put the money into a permanent home. She decided to look into a purchasing a home because she was concerned about her mobile home park someday being sold. The prices have gone up considerably since she first moved to Steamboat.

“Thirty years ago it was ‘I’m not paying $30,000 for a house in downtown Steamboat,'” St. George said.

Thanks to grant money, low-interest loan programs and city subsidies, some of the residents will be paying as little as $750 each month for their condos that have a sale price around $190,000.

Gulya Paraketsova was snapping dozens of pictures of her new home to show to her friends and family. She works at a hotel as a clerk and has been renting in Steamboat the past two years. She is also supporting her daughter who is attending college in Hawaii. She was looking forward to moving her things out of storage, building equity in her home and settling in.

“It’s good because I love this community and I have so many friends,” Paraketsova said.

Housing Authority executive director Elizabeth Black was showing families around and answering questions as the closing day approaches.

“We’re kind of enamored with this project right now,” Black said. “We’re really proud of it.”

The project has been three years in the works. Of the 30 units, 10 have been promised to households earning between 80 percent and 120 percent of the average median income. Those purchasers will pay the estimated cost of the units — the mid-$190,000s.

Re-sale will be deed restricted by income and net worth.

Deed restrictions on the 20 units with prices reduced by the state grant cap appreciation at 3 percent annually above the original sale price.

“This is the largest undertaking from the number of units and total cost that the housing authority has taken on,” said Housing Authority board member Kathi Meyer.

Another project is being planned for the west side of Steamboat. As many as 33 modular homes could be built on land the Housing Authority has under contract. Meyer said the homes could be built next year.

To reach Matt Stensland call 871-4210 or e-mail mstensland@steamboatpilot.com.

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