HomeMy WebLinkAboutRedwood Modification For Concorde Capitol - MOD - 15-99 - MEDIA - 07/27/1999housing
I Affordable
lex
Comppqposed
-�Md ALW-
side
north _
forcKy's
Country Ranch, 118 units; p�pposed site of
gy eogE"BAUN Via Lopez, 33 units; Wind- pry Creek Apartments
ColorMan E le Tree, --
An Ohio -developer wants trail, 50 units; ag Town -
to build a 150-unt 17 units; Parkway
apart-
ment complex in noteast homes,unnamd use Lo d cit zen
Fort Collins tailored complex on JFK Parkway
income families. s.i� Corp. of with 72 units.
Concorde Cap Collectively,
these pro] -
Columbus, Ohio, is planning acts put the city on track to
the project, known as Dry goal of approving
Creek Apartments, for 13.6 meet its g
acres near the southeast units ecdyear said Ken
comer of Redwood and Waido, a city Planning offi-
conifer streets.
According to the city, 105 the „^;ts are overdue,
units in the Dry Creek proj- Allhe said.
ect would be rented to ou consider the
households earning less "When y
than 70 percent of the annu- loss of Pioneercd Mobile
or a hop -
me
al median income. Park (displaced
Currently the annual in Ping center) and the loss of
than income in Fort Collins 1.20 mobile homes in the
is $53,300 for a family of flood two years ago, we've
four A family earning 69 probably Wai o said gain
rcent of median makes Of
zero, up to what we
$36,777. A family earning just catching
50 percent of median makes lost. pled, the Dry
$26,650. Creek project will be largely
Concorde's project is the
latest in a series of low -in- financed from $6.3 million
come developments in Fort in Public revenue bonds,
Collins, eitheunder con
r which have been authorized
ton or ithe Ping by Colorado's Private Activi-
structy Bond Allocation Commit -
stages. tee. The Fort Collins City
Those projects include Council is scheduled to re -
Buffalo Run, 144 units, in- view the bond issuance in a
I ciuding 86 for low-income hearing at 6 p.m. Aug. 3.
renters; Bull Run,176 units;
■ Obituaries/4
■ Cash 5/4
■ Opinion/5
■ Neighborhoods/6
Conifer Street
mI
E
n'
AL Vine Drive
One potential hitch in
Concorde Capital's project is
a city rule that limits the
density of apartments.
Currently, an affordable
housing Project can have up
to 12 units per acre, if it's on
less than 10 acres of land -
Concorde Capital's parcel
bigger than 10 acres, and
thus is limited to eight units
per acre, or 109 units -
Concorde is asking for an
exception to the rule to
reach its goal of 150 units,
and the city s planning staff
has endorsed Concorde's re-
quest. The Fort Collins
Planning and Zoning
Board
will review the issue at