Council narrows Habitat 'Confluence' project to six homes, raises priority-unit price and income cap

Summary

City Council approved amendments to the Habitat Roaring Fork Confluence memorandum of understanding that reduce the project to six homes, expand income eligibility to 100% AMI, and set the city's 'priority unit' price at $150,000; council also authorized two additional priority slots Habitat may sell.

Councilors on Jan. 2 amended the memorandum of understanding governing the Habitat Roaring Fork "Confluence" project at 8th and Midland, approving changes Habitat said were needed after design revisions and rising construction costs.

The city’s Community Development Director summarized the project as a two-building development that was redesignated from eight units down to six and noted that the 2023 MOU tied city fee waivers to a right to priority units. "We have an MOU that was signed between the city and Habitat, January 2023," staff said, and Habitat representatives told council increased costs and unit reduction had raised a financing gap.

Cheryl Bauer, chief operating officer of Habitat Roaring Fork, told the council: "The bottom line for us was we went from doing 18 units ... and the 8 units at Confluence down to 6…

Council narrows Habitat 'Confluence' project to six homes, raises priority-unit price and income cap

Summary

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