THE COTTONWOODS AT MID VALLEY

MID VALLEY

Property Information

Mid Valley Property Rendering
Mid Valley Illustrative Site Plan
Photo credit: YVHA Pictured: from left to right: Leah Wood, YVHA Board President; Dakotah McGinlay, City Council; Ken Marsh, Lone Tree; Jason Peasley, YVHA Executive Director; State Senator Dylan Roberts; State Representative Meghan Lukens.

Pictured: from left to right: Leah Wood, YVHA Board President; Dakota McGinlay, City Council; Ken Marsh, Lone Tree; Jason Peasley, YVHA Executive Director; State Senator Dylan Roberts; State Representative Meghan Lukens.

Mid Valley Illustrative Site Plan

YVHA will use $2.34 million from the mill levy as the community investment for The Cottonwoods at Mid Valley, a $110 million housing development. YVHA secured $10 million in state and philanthropic grants. YVHA acquired the Mid Valley property in Autumn 2021 thanks to a generous anonymous donation.

With our development partner, Lone Tree Trust, LLC, we plan to develop 236 units of moderate-income housing, including 150 rental apartments and 86 for-sale condominiums. All units will be deed-restricted and will target members of the local Routt County workforce or retired from local employment. This project will be a dense, efficient use of infill land near transit and services.

Two of the four buildings will contain condominium units, with a mix of 1-, 2-, and 3- bedroom units, and covered, ground floor podium parking. The project will include 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 tenants will earn 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.

YVHA Broke Ground on The Cottonwoods at Mid Valley Attainable Housing Development on October 19th 2023

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.

Press Release: YVHA’s Mid Valley Groundbreaking