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Commission backs conditional loan up to $200,000 for 144‑unit Mill Creek affordable housing project
Summary
After extended public Q&A, commissioners approved conditional support — up to $200,000 in the 2026 budget — for a 144‑unit affordable housing project at 1581 Mill Creek Drive, contingent on a county‑approved loan agreement, recorded affordability restrictions, performance milestones and a housing‑policy from the housing subcommittee.
A majority of the Grand County Commission on Nov. 18 voted to support up to $200,000 in county assistance for the Cooperative 1581 affordable housing project at Mill Creek Drive, a 144‑unit project presented by developer Jake Williams (22 Communities).
Developer presentation: Jake Williams said the project is 100% affordable with units targeted from 40% to 70% of area median income (AMI) and an average at roughly 60% AMI. He said the complex is financed primarily with federal and state Low‑Income Housing Tax Credits; a remaining financing gap of roughly $4 million remains and the project is seeking gap support, including $190,000–$200,000 in impact‑fee relief or a…
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