The City of Salida, in collaboration with the Chaffee Housing Authority, is hosting an Open House and Ribbon Cutting celebrating the first deed-restricted homes, affordable for members of the local workforce, to be sold via the city’s inclusionary housing program. The open house and a ribbon-cutting are set for 12:00 noon to 3:00 p.m. Friday, June 23, at the new residences at 711 and 713 Holman Court in Salida.
“We are thrilled to see the City’s inclusionary housing policy efforts bearing fruit in the form of deed-restricted workforce housing in this project as well as others around town,” said Salida Community Development Director Bill Almquist. “Our housing crisis cannot be solved overnight, but we are encouraged that private development and local government can help provide permanent affordability for low- and middle-income residents, whether in the form of rental apartments or for-sale units such as these.”
Deed Restrictions are stipulations written into a property’s deed or recorded as a restrictive covenant that outline conditions and restrictions for the property. Deed restrictions ensure that the property stays affordable for working families and individuals. The deed restrictions in the City of Salida are designed to further the goals of affordable and inclusionary housing purchase opportunities for our Chaffee County workforce.
The Chaffee Housing Authority will manage the homebuyer application and annual compliance process for up to sixty deed-restricted, affordable homes currently in the pipeline. These are being developed through the City’s inclusionary housing program over the next couple of years with more to come after that.
Mark Lee and David Larochelle developed the Holman Court neighborhood west of Holman Avenue, located between the Salida Aquatic Center pool, the dog park, and the bike path.
“The Salida Inclusionary Zoning Program is a wonderful home ownership opportunity for those individuals that qualify,” said Lee. “We are excited to complete and offer the first units for this program and look forward to the program’s future success for the City of Salida.”
Both the City of Salida and the Chaffee Housing Authority have commented that Lee and Larochelle have “gone above and beyond the city’s minimum requirements by building not one, but two affordable homes in this neighborhood.”
For those who would like to learn more about the two deed-restricted, affordable homes located at 711 and 713 Holman Court that are on the market, go to the Chaffee Housing Authority’s website at https://www.chaffeehousingauthority.org/deedrestrictions or stop by the open house between 12:00 noon and 3:00 p.m. on Friday, June 23.
Featured image: Holman Court development includes two inclusionary housing units, 711 and 713 Holman Court, pictured at left. Photo courtesy Pinon Real Estate and CHA