Housing Projects

  1. Animas City Park Overlook Townhomes
  2. Gauge Apartments
  3. Residences at Durango
  4. Twin Buttes former Animas High School Site

Animas City Park Overlook Construction Photo
Project Summary and Timeline 

This project is a pioneering and replicable example of how the URA and other community institutions can partner with private sector entities to accomplish community objectives, specifically the creation of vital workforce housing The Durango Renewal Partnership (URA) wishes to thank the City of Durango, La Plata County, School District 9-R, the Business Improvement District (BID), the Animas Mosquito Control District, SEH Inc., and HomesFund for their crucial contributions to the project. Without all these partners, the project would not be possible.

The development is being constructed in two phases. In phase I, three of the income-qualified units will be ready for sale and occupancy in the Spring of 2023. One income-qualified unit will be completed in phase II and will be ready for sale and occupancy by the end of 2023. The income qualified units will have a reduced price of $399,999. They are similar in size to other units in the development and will have the same finishes as the market rate units. The two income-qualified units in phase I will be a 2-bedroom/2.5-bath unit and a 3-bedroom/2.5 bath unit. For phase II, the remaining income-qualified unit will be a 3-bedroom/2.5 bath. This walkable, infill residential development consists of 22 townhomes in a very attractive and multi-modal location in the North Main Gateway urban renewal area. Ten of the units will be designated for ownership or rental by our community's workforce. Four units will be available for purchase at a reduced price by households making 120% AMI or less. An additional six units will be occupied as the primary residence of a local worker or long-term resident of the community. 


Eligibility

HomesFund, in partnership with the City of Durango, held a lottery on December 15, 2022, to choose potential buyers for the four income qualified units at Animas City Park Overlook Townhomes development. The project is currently under construction. The lottery will determine the chronological list of potential buyers for all for income qualified units. Applicants do not need to be present to be selected. HomesFund staff will notify all households in the lottery of their position in the lottery list via email within two full business days of completion of the lottery. Other eligibility requirements may apply, including income verification. Prospective homebuyers are advised to contact HomesFund for more information about these units or the Mortgage Assistance terms and program eligibility. HomesFund can be reached at 970-259-1418, info@homesfund.org, www.homesfund.org, and are located at 150 East 9th Street Suite 207 in Durango, Colorado.

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