Before I relay the latest news about a new development plan submitted for 21 affordable apartments in Lyons Valley Park, I want to send a special valentine message to the community. It has taken a long time to build three Habitat for Humanity duplexes in Lyons (the zoning and subdivision process started in 2015), and the final building is still not finished! But we can show our neighbors (who will be buying those last two homes) some love next Friday. Habitat for Humanity of the St. Vrain Valley invites Lyons and surrounding communities to “Build with the One You Love” on February 14, from 9 a.m. to 4 p.m. at 112 Park Street. Volunteers receive free T-shirts and lunch. Sign up here and contact Rebecca Shannon with any questions: email@example.com, 303-682-2485.
At the Monday Board of Trustees meeting, Town Administrator Victoria Simonsen told the trustees that Summit Housing Group had submitted its plans for development the previous Thursday, and town staff reviewed the documents for completeness Friday. After the development plan application was deemed substantially complete, town staff sent the documents out to the referral agencies on Monday, Feb. 3. Referral agencies are formal groups that get first review related to safety and regulations, according to Simonsen. (A list from Town Planner Paul Glasgow included the Sheriff’s Department, Lyons Fire Protection District, Town Engineer, Utility Director, utility providers, the Colorado Department of Transportation, various town advisory boards and commissions, and other county, regional, state and federal agencies.) Those agencies have 14 days to comment. After that period, the official public hearing process with the Town of Lyons will begin, and public meetings will be scheduled. The development plan process begins with the Lyons Planning and Community Development Commission (PCDC).
Summit, based in Missoula, MT, is under contract with landowner Keith Bell to purchase Tract A of Lyons Valley Park Subdivision filing no. 8 (0 Carter Drive), intending to build townhomes in multifamily buildings, and to purchase all of the existing platted single-family-home lots in the subdivision. The public process will involve Tract A (the 21 units of multifamily housing, called Lyons Valley Townhomes). The 19 single-family-home lots are already platted and entitled. All of the 40 total homes (the 21 townhomes and the 19 single-family homes) must be affordable rentals for households at 60 percent of the area median income (AMI) or less, required by the federal Low-Income Housing Tax Credit (LIHTC) funding that Summit plans to use.
Updated documents were posted on the town website on Tuesday. The January 30 plans show 21 townhomes and 19 single-family homes located on the southeast side of McConnell Drive and on a new street named Carter Drive. The 21 total townhomes on Tract A are arranged in five separate buildings. The previous plan was for 29 multifamily homes and 11 single-family homes.
Summit specializes in developing and managing low-income tax credit and mixed-use developments in six states, including Montana, Wyoming, Utah, and Colorado. The property management website for Summit buildings shows what the applications are like for other rentals built by Summit, including homes in Longmont. The AMI changes every year, and varies depending on the number of people in a household, but recent Colorado County Income and Rent Tables are available on the Lyons Emergency & Assistance Fund website. Examples of rent estimates that Summit representatives have given at past meetings for two-bedroom apartments are $906 per month for a 40 percent AMI household, and $1,200 a month for a 60 percent AMI household, varying depending on family size.
For more background information about the proposal for affordable rental homes in Lyons Valley Park, see my column from January 23.