A new affordable housing project on First Avenue in Ketchum will host its groundbreaking ceremony Monday afternoon.
The ceremony for the Ketch project will occur at 4 p.m. at the project site, on the corner of First Avenue and Sixth Street. The public is invited to attend, and beer and wine will be served.
The project consists of two buildings that have 35 rental apartments, with studios, one-bedroom and two-bedroom units. All the units will be long-term rentals, and five will be deed-restricted workforce housing units for income-qualifying tenants making up to 80 percent of the area-median income.
The first building is scheduled to be completed in November, while construction on the second is slated to wrap up in spring 2020.
“I am excited to see a project dedicated to addressing our workforce housing needs,” Ketchum Mayor Neil Bradshaw said in a news release. “I am thankful for the developer for restricting the units to long-term rentals only.”
Portland, Ore.,-based development company WDC Properties is constructing the project.
“Our firm is excited to provide affordable rental housing options to local citizens,” said Mark Madden, owner of WDC Properties, in the news release. “The city has been very helpful to make this project a reality. We are hopeful for more development opportunities in the area in the coming years.”