Two local governments and a nonprofit are pumping nearly $8 million into a project aimed at providing affordable housing for Roaring Fork Valley teachers, staff members and county workers.
Habitat For Humanity Roaring Fork is teaming up with the Roaring Fork School District and Pitkin County on the 27-unit Basalt Vista project. It’s the first partnership of its kind to pursue new affordable housing in the valley.
The project is estimated to cost $15.7 million. Sales of the 27 condominiums will raise about $8 million. The school district is contributing land valued at $3.2 million. In return, 15 of the condos will be sold to teachers or school district staff.
Pitkin County will contribute $2.75 million. In return, 12 of the condos will be reserved for county workers.
Habitat is contributing $1.75 million and a wealth of experience.
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