{"id":2453034,"date":"2020-01-08T22:00:00","date_gmt":"2020-01-09T05:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=318890"},"modified":"2020-01-08T22:00:00","modified_gmt":"2020-01-09T05:00:00","slug":"aspen-declines-offer-to-sell-affordable-housing-complexes-to-indiana-based-company","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/aspen-declines-offer-to-sell-affordable-housing-complexes-to-indiana-based-company\/","title":{"rendered":"Aspen declines offer to sell affordable housing complexes to Indiana-based company"},"content":{"rendered":"
\n
Rustin Gudim The Aspen Times<\/strong>
Rustin Gudim<\/em><\/figcaption><\/div>\n<\/figure>\n

The city of Aspen has declined an offer from an Indiana-based company interested in buying three affordable housing complexes.<\/p>\n

RealAmerica Companies had approached the city and the Aspen-Pitkin County Housing Authority in August<\/a> asking if the local government was interested in selling Truscott, Marolt Ranch and Smuggler properties.<\/p>\n

The idea was that RealAmerica would purchase the properties with tax credit financing and tax exempt bonds, which would allow the company to upgrade the aging buildings, as well as maintain and manage them.<\/p>\n

\u201cIt could be a win for APCHA by relieving you of the strain of managing the apartments. It could be a win for the residents of the apartments by upgrading the apartments and taking care of all the maintenance issues. It could be a win for the taxpayers of Aspen by providing APCHA with non-taxpayer funds from the sale of the apartments to reinvest in owner-occupied housing that has deferred maintenance,\u201d reads a letter from Ronda Weybright, president and CEO of RealAmerica Companies, which recently developed an affordable housing complex in Basalt<\/a>.<\/p>\n

The APCHA board seemed favorable to pursuing the idea but city officials stepped in and said this isn\u2019t the time to offload affordable housing projects.<\/p>\n

Mike Kosdrosky, executive director of APCHA, said he received direction from City Manager Sara Ott to let RealAmerica know that the city is not interested in selling any of its affordable housing rental asset or properties.<\/p>\n

\u201cShould they change their mind, they will first go out to (request for proposals) to solicit proposals\/bids,\u201d he wrote in an email.<\/p>\n

Ott was unavailable to comment on why the city is declining the offer.<\/p>\n

Jeff Ryan, vice president of development for RealAmerica, said this week that his company was notified by the city more than a month ago that it was not interested in a deal.<\/p>\n

He said he hopes RealAmerica can find other projects in the Roaring Fork Valley and beyond.<\/p>\n

\u201cWe are looking at it as we have the expertise and (those working in city government and APCHA) have real jobs so we offered our services,\u201d he said. \u201cWe are looking for more opportunities in the area.\u201d<\/p>\n

csackariason@aspentimes.com<\/a><\/p>\n

via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rustin Gudim The Aspen TimesRustin Gudim The city of Aspen has declined an offer from an Indiana-based company interested in buying three affordable housing complexes. RealAmerica Companies had approached the city and the Aspen-Pitkin County Housing Authority in August asking if the local government was interested in selling Truscott, Marolt Ranch and Smuggler properties. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2453034","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-08-18 21:54:01","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley's Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2453034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2453034"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2453034\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2453034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2453034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2453034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}