Cheaper senior homes on horizon
Vail, CO Colorado
EAGLE ” For seniors on the Golden Eagle Senior Center’s waiting list, the affordable housing addition can’t come soon enough.
The land is secured, the architectural drawings are ready, and a contractor has been selected. Now, all the next phase of senior housing for the Golden Eagle Senior Center awaits is the crossing of “T’s” and the dotting of “I’s” on the financial contract.
The project has been several years in the making involving in-depth studies and planning. There’s also a complicated financing package which took some time to work out. B
ut come mid-September, the first shovel of dirt will be turned and 14 new, affordable housing apartments will be underway in a lot adjacent to the current housing complex in Eagle’s Bull Pasture subdivision. March is the projected completion date.
“We are moving forward,” Eagle County Commissioner Sara Fisher said. “It’s exciting.”
The apartments will be rented for around $400 to $800 a month, initially.
“Some units are at the lower end, some in the middle and some at the higher end,” Eagle County Housing Director KT Gazunis said.
Because these apartments will not be subsidized, she adds, “people who will live there have to be income qualified.”
For instance, a single senior who makes $34,000 a year or less, would qualify for an apartment, as would a couple making less than $38,940 annually. Gazunis said the county conducted a market study indicating that many of the county’s seniors, particularly single seniors, would qualify in this income bracket.
“Basically, we’re looking at people who make $17,000 to $34,000 a year,” she said.
Already, the new housing has a waiting list, with 18 seniors already living at the Golden Eagle apartments among those who have signed up. The county will not begin taking applications until approximately three months before completion.
Although the screening process for the applications is yet to be finalized, Gazunis says there have been discussions about giving preference to current Golden Eagle residents, if they qualify.