Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Development topic
No spam. Unsubscribe anytime.
Clear Creek County signs letter supporting Minor Street Apartments’ low‑income housing tax credit application
Summary
The county commissioners approved an amended letter of support for the Minor Street Apartments project; the developer changed its application from a middle‑income housing tax credit to the state low‑income housing tax credit program covering 65 units restricted to 30–80% area median income.
CLEAR CREEK COUNTY, Colo. — On July 22 the Clear Creek County Board of County Commissioners approved an amended letter of support for the Minor Street Apartments project in Idaho Springs, endorsing the developer’s revised application to the state low‑income housing tax credit program.
Brian (presenter) told commissioners the developer, DW Development Group, originally applied under the middle‑income housing tax credit program. The developer has since revised the application and is now seeking low‑income housing tax credits to restrict all 65 units to between 30% and 80% of area median income (AMI), rather than the earlier 80%–120% AMI mix the project had contemplated.
Commissioners and staff said the change better matches county priorities. One commissioner noted that Clear Creek County is grouped with the Denver metropolitan area for AMI calculations, which skews numbers upward and can exclude local workers who earn less than Denver median incomes. That mismatch was a key reason commissioners supported the revised application.
The City of Idaho Springs and the regional housing authority had already approved letters of support for the project. The county motion to sign the amended letter of support passed by voice vote.
Why this matters: Limiting units to 30%–80% AMI would prioritize housing for lower‑income households and local workers, addressing the county’s stated housing needs. The commissioner who moved the motion said the amended application better serves Clear Creek County residents’ needs than the originally proposed middle‑income structure.
The board asked assessor’s staff to correct a typographical acronym in the letter prior to final signature; staff confirmed the typo would be fixed before the letter is transmitted.
Action: Motion to sign amended letter of support for Minor Street Apartments’ low‑income housing tax credit application; motion seconded and approved by voice vote. The county will send the corrected letter to DW Development Group for submission as part of the state LIHTC application.
