Frisco works on affordable housing project
FRISCO – Town officials are trying to turn Frisco workers into Frisco homeowners.
Community development director Mark Gage is ironing out the details of a future affordable housing project at Belford Street and Eighth Avenue near Frisco Elementary School.
“I don’t think there’s any question about the need for affordable housing in Frisco,” said Councilmember Bernie Zurbriggen. “In the broad scheme of things, we haven’t gotten to the same place as Eagle County or Pitkin County, but, if we don’t fight with everything we’ve got, we’ll end up like they have, and it will be difficult for workers to live here.”
The town hopes to place about 12 units on the market by this time next year. Gage expects the cost of the units to range from about $170,000 for a two-bedroom unit to about $250,000 for a three-bedroom residence.
“These are targeted at small, middle-income families,” Gage said. “We may
get a few couples. We’ve got to get more full-time permanent residents here doing
what needs to be done (in the local workplace). Over time, we’ve watched housing prices go through the roof in Sum-
Councilmember Dan Fallon, who owns Barkley’s Margaritagrille in Frisco, said it’s hard for his employees to live in town.
“The trend of the last couple years has been that people are moving farther and farther afield,” Fallon said. “It’s hard for entry-level people to find a place to live, and you see that manifested by Frisco businesses not doing well during the week. Now it’s a weekend market driven by Front Rangers and visitors.
“I recently had two employees looking in Leadville, but now, with gas prices going up, that’s going to be an expensive option. And it’s a long, dangerous drive,” Fallon added.
The town will donate the land for the housing development and will waive planning fees and building permit review fees to help contain the cost of the units.
“We own the land, and we’re close to getting the contract signed, which will allow the developer to start the design on what this will look like,” Gage said.
The town has hired the former executive director of Summit Housing Authority, Jane Harrington, to assist in negotiations with the developer and to guide the project toward successful completion.
Gage estimated the developer will begin work on the project by the end of the summer.
Julie Sutor can be reached at (970) 668-3998 ext. 203 or email@example.com.
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