Durango City Council approved a modified finance structure for Residences at Durango this month. The project will convert the former 72-room Best Western Motel at 21382 US Highway 160 into affordable housing and construct 48 new units. The development will serve households earning 30% to 60% of the Area Median Income with a mix of studios, one-bedroom, two-bedroom and three-bedroom units. The projected completion of the development is early 2025. A groundbreaking celebration is scheduled for Oct. 27.
Pine River Commons, a deed-restricted mixed-use project on the east side of Bayfield Parkway, broke ground October 3rd. The 66-unit affordable housing townhome development received preliminary approval for Phase 1 (33 units) from the Planning Commission and Board of Trustees. They are in the process of submitting for Final Plat approval and will be starting the piping of the Schroder Ditch in October.
Rock Creek, an affordable housing project in Ignacio, broke ground on September 14th. The town of Ignacio is developing a 5.7-acre parcel that will include 45 units, a mix of townhouses and apartments, with 60% affordable housing density.
