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Council OKs submission of unmet-housing grant for Ferguson Building
Summary
The Rawlins council authorized submission of an unmet housing grant application to the State Loan and Investment Board seeking up to $3.5 million to convert the Ferguson Building into 12 attainable workforce apartments; the DDA will own and operate the building and the resolution passed unanimously.
The Rawlins City Council voted Jan. 20 to authorize submission of an unmet housing grant application to the State Loan and Investment Board for up to $3.5 million to create attainable workforce housing in the Ferguson Building.
Pamela Thayer, who led the presentation, told the council the DDA owns the Ferguson and has completed a DEQ feasibility study that supports adaptive reuse. She described a plan for 12 apartments — seven one-bedroom units and five two-bedroom units with ADA access — intended for essential workers including teachers, healthcare staff and corrections employees.
Thayer said the application seeks to "address the documented unmet housing need for the city of Rollins by creating substantial attainable ADA access workforce housing for essential employees." She added staff has budgeted and identified internal leverage and that if the full amount is not awarded, the DDA and council will regroup and identify next steps.
Council members asked about rental rates and financing; Thayer said rent estimates are still being finalized and promised to provide competitive market figures to the council. The resolution authorizing submission passed 7-0.
What’s next: Staff will complete the grant application before the deadline (next Friday, per Thayer) and return to council with financing and rent estimates if the award is partial.
