Press Release: YVHA Breaks Ground on Mid Valley Attainable Housing Project

Published On: October 19th, 2023Categories: Press Releases

STEAMBOAT SPRINGS, CO – The Yampa Valley Housing Authority (YVHA) held a groundbreaking ceremony yesterday on its newest attainable housing project called Mid Valley. Community members joined local elected officials, YVHA board and staff, the Lone Tree Trust development team and the Hausmann construction team to celebrate the start of this project. Mid Valley will have 234 units with 84 condos for sale, as well two neighborhood parks, open space and trails connecting to the Yampa River Core trail.  This development is considered an attainable housing project because it is geared towards individuals and families in what is considered the “missing middle” range. The project is expected to be phased, with the for-sale units being delivered in 2025 and the rental units being completed in 2026.

“I want to first thank the Steamboat Springs voters who passed the affordable housing levy in 2017. YVHA takes our commitment very seriously and we are using the funds from the community to leverage partnerships with development groups, like Lone Tree Trust to build the housing our community needs.  This project will increase new for-sale housing stock, for which there is significant demand among the local workforce,” said Jason Peasley, YVHA Executive Director.

The Mid Valley Project is targeted for households earning 80%-140% of Area Median Income. This translates to $61,926 -$95,977 for a single person according to the 2022 federal Department of Housing and Urban Development standards and $79,544 – 123,282 for a three-person household income. The for-sale units will be priced well below current market rates in Steamboat Springs and require local employment. Second homes and short-term rentals will not be allowed at Mid Valley. .

Leah Wood, YVHA Board President; Ken Marsh from YVHA’s development partner, Lone Tree Trust; Dakotah McGinlay, City Council member and YVHA board representative; and State Senator Dylan Roberts also made remarks supporting the efforts to build more affordable and attainable housing for Steamboat Springs local workforce.