{"id":807451,"date":"2020-05-14T18:00:00","date_gmt":"2020-05-15T00:00:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/?p=383343"},"modified":"2020-05-14T18:00:00","modified_gmt":"2020-05-15T00:00:00","slug":"silverthorne-moves-ahead-with-release-of-new-workforce-housing-at-smith-ranch-neighborhood","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/silverthorne-moves-ahead-with-release-of-new-workforce-housing-at-smith-ranch-neighborhood\/","title":{"rendered":"Silverthorne moves ahead with release of new workforce housing at Smith Ranch neighborhood"},"content":{"rendered":"
\n
\n

<\/p>

Smith Ranch in Silverthorne is pictured Thursday, May 14.<\/strong>
Liz Copan \/ ecopan@summitdaily.com<\/em><\/figcaption><\/div>\n<\/figure>\n

SILVERTHORNE \u2014 Silverthorne Town Council has decided to move forward with a release of new homes in the deed-restricted Smith Ranch neighborhood despite COVID-19 setbacks.<\/p>\n

Town Council held a work session March 11 to discuss the release of homes and determined that the third phase would include 20 townhomes with prices set at 85% to 105% of area median income along with eight single-family residences set at 120% of area median income. For a family of four, area median income is $95,900 in Summit County<\/a>, according to the U.S. Department of Housing and Urban Development.<\/p>\n

A lottery for the homes originally was scheduled for May 28 but has now been rescheduled for July 1.<\/p>\n

Amy Priegel, executive director of the Summit Combined Housing Authority, said the demand for workforce housing right now is surprisingly high and that the housing authority is seeing a particular demand at the lower levels of the price scale \u2014 100% of area median income and below. Priegel noted that the housing authority is seeing hesitation on the lending side of things due to economic factors like furloughs.<\/p>\n

\n
\n
\n
\n
\n

<\/p>\n<\/div>\n<\/div>\n

Support Local Journalism<\/h3>\n