Wednesday, November 20, 2013

ARCH gets $6 million for low-income housing complex

Quail Creek Community would have 26 units south of Ketchum


By TONY EVANS
Express Staff Writer

A handful of housing units were built under a previous plan for the Quail Creek property south of Ketchum but the project later stalled. Express file photo

    The ARCH Community Housing Trust received commitments for more than $6 million earlier this month to build a 26-unit, low-income, rental-housing complex near Cold Springs on state Highway 75 south of Ketchum.
    The proposed Quail Creek Community complex would be built on about two acres of donated land between The Meadows trailer park and Highway 75.
    Construction is scheduled to begin next summer. Final completion is scheduled for 2015.
    “I think the units will be highly sought after, and a welcome addition to the housing opportunities in our county,” said ARCH Community Housing Trust Executive Director Michelle Griffith.
    The housing complex, if it is approved by Blaine County under a planned-unit-development application, will be the second rental-housing complex in the valley completed by ARCH using a combination of tax-credit financing and a Housing and Urban Development loan program.
    The two-story, 24-unit River Street Senior Community rental-housing building in Hailey was built in 2012, using the same funding model.
    Construction capital for the Quail Creek Community complex would come from $600,000 in low-income housing tax credits reserved for Quail Creek by the Idaho Housing and Finance Association, and an additional $830,000 low-interest loan from HUD’s HOME loan program. The $600,000 in tax credits is scheduled to come each year for 10 years.


I think the units will be highly sought after.”
Michelle Griffith
ARCH executive director




    Griffith said Quail Creek Community would consist of six “townhome-style” buildings and a separate community center. The buildings would contain 10 three-bedroom units, eight two-bedroom units and eight one-bedroom units.
    “The final plans have not been made yet,” said Griffith, who sent requests for proposals to several local architects to pitch ideas for project designs. She said each unit would have covered parking and lockable storage areas.
    The property for Quail Creek Community was donated by developer George Kirk, as a requirement of the Blaine County Community Housing Overlay District, which allows for more density in exchange for pre-determined amounts of affordable-housing units. Kirk and some business partners had previously tried to develop the property but the project stalled after encountering a variety of hurdles.
    Griffith said the rental prices for the units would be based on income levels and available to people earning no more than 60 percent of the area median income at the time they are completed.
    Griffith said based on today’s area median income, the monthly rents would range from $514 for a 750-square-foot, one-bedroom unit, up to $1,000 for a 1,250-square-foot, three-bedroom unit.
    A public meeting will take place from noon to 1 p.m. at the Wood River Community YMCA in Ketchum to provide information about the planned development.
    “Some people have been concerned about density in that area. We are reaching out to them so they are informed and know what we are trying to do there,” Griffith said.    
    The Blaine County Housing Authority provided detailed and substantive market analysis to ARCH to develop the plan for Quail Creek, and will manage the waiting list of occupants.
    Those interested in finding out more should contact the BCHA at 788-6102.    
Tony Evans: tevans@mtexpress.com




About Comments

Comments with content that seeks to incite or inflame may be removed.

Comments that are in ALL CAPS may be removed.

Comments that are off-topic or that include profanity or personal attacks, libelous or other inappropriate material may be removed from the site. Entries that are unsigned or contain signatures by someone other than the actual author may be removed. We will take steps to block users who violate any of our posting standards, terms of use or any other policies governing this site. Use of this system denotes full acceptance of these conditions. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

The comments below are from the readers of mtexpress.com and in no way represent the views of Express Publishing, Inc.

You may flag individual comments. You may also report an inappropriate or offensive comment by clicking here.

Flagging Comments: Flagging a comment tells a site administrator that a comment is inappropriate. You can find the flag option by pointing the mouse over the comment and clicking the 'Flag' link.

Flagging a comment is only counted once per person, and you won't need to do it multiple times.

Proper Flagging Guidelines: Every site has a different commenting policy - be sure to review the policy for this site before flagging comments. In general these types of comments should be flagged:

  • Spam
  • Ones violating this site's commenting policy
  • Clearly unrelated
  • Personal attacks on others
Comments should not be flagged for:
  • Disagreeing with the content
  • Being in a dispute with the commenter

Popular Comment Threads





Copyright © 2014 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.