If it comes to fruition, the proposed Durango Crossings development at the intersection of Florida Road and East Animas Road (County Road 250) would be the city’s largest workforce housing development.
Durango City Council approved a $1.88 million allocation to the city’s housing fund earlier this month that will help the city’s nonprofit partner HomesFund provide mortgage assistance to families.
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The city of Durango and HomesFund, an affordable housing and homeownership nonprofit, are conducting a lottery in mid-December to select applicants for purchase of four deed-restricted units in the 22.
The city of Durango celebrated the groundbreaking of a 22-unit townhome project this week that includes 10 units of workforce housing.
Councilor Melissa Youssef, who attended the groundbreaking Monday.
Home sales during the first quarter of 2022 resemble trends set in 2021, with rising prices and dwindling inventory in La Plata County. On top of that, interest rates on mortgages are expected to rise.