Yampa Valley Housing Authority seeking development proposals for Oak Creek land
October 4, 2016
Steamboat Springs — The Yampa Valley Housing Authority is seeking proposals from developers who might be interested in building new residences on two Oak Creek lots owned by the housing authority.
The group is open to proposals from developers who want to purchase the lots to develop housing or would entertain proposals to partner with the housing authority on housing projects.
The parcels are on Oak Ridge Circle and are the 0.36-acre Lot 17 and 0.31-acre Lot 18 of the partially built-out Sierra View subdivision south of Colorado Highway 131 at the top of Moffat Avenue.
The housing authority acquired the properties in 2005 as part of the United States Department of Agriculture and Rural Development's self-help program, with the intention of building residences on them, but nothing was developed.
"We've held these properties with the intention of developing them at some point in the future," YVHA Executive Director Jason Peasley said. "Right now, we're just exploring our options. We don't necessarily want to be sitting on them and not developing them."
Peasley said the housing authority is aware of the limited housing supply in the region and is interested in developing more units.
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"We want to see what we can do to bring some more supply on board," Peasley said.
Lot 17 is platted for a duplex and Lot 18 for a four-plex building, and the lots together were valued at $127,000 in 2015, though that wouldn't necessarily be the selling price, Peasley said.
Proposals from developers are due by Dec. 1 and will be reviewed by the housing authority, which will consider the proposals with the organization’s mission statement and strategic plan in mind.
"We're kind of open to everything, but we'll be looking at those proposals to see how they fit in with those two guiding documents," Peasley said.