Habitat acquires Stratton Flats parcels in Gypsum | VailDaily.com

Habitat acquires Stratton Flats parcels in Gypsum

AVON, Colorado – Habitat for Humanity of Eagle and Lake Counties announced at its Carpenter’s Ball fund raising event Saturday that is has acquired two parcels of land located in the Gypsum neighborhood Stratton Flats.

“This new chapter in the HFHELC story is exciting on many levels,” said Executive Director John Welaj. “It represents our next step in providing opportunities for families to build and purchase homes in this area. We are excited about our partnership with Pauls Corporation (the developers of Stratton Flats) and we look forward to working with the town of Gypsum, who we’ve shared a good relationship with in the past.”

The Stratton Flats parcels, while still being laid out by Habitat for Humanity planners, will provide 18 to 20 new homes and is part of Habitat for Humanity’s $6 million capacity building campaign, aimed to secure the funding for 10 years’ inventory of land and the construction costs for 75 homes locally and 75 homes internationally through the global tithe program.

“The timing of Stratton Flats is perfect as we enter this campaign and as we complete our current project, Fox Hollow, by the end of March or the beginning of April,” Welaj said. “This project will secure three years of building for our 10-year plan. Transition from Fox Hollow to Stratton Flats should be seamless.”

The Stratton Flats homes will be single-level duplex houses. The infrastructure is in place and Habitat for Humanity anticipates the building will commence this spring.

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In addition to providing an increased number of opportunities for families in need of safe, affordable homes in the valley, the increased building of homes provides Habitat for Humanity a higher level of self-sufficiency. Habitat holds the mortgages on existing homes, thus creating predictable cash flow and sustainability for the organization. The nonprofit can also leverage the financial donations through the support of volunteer services, donated materials and grants.

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