Newest Affordable Housing Complex in Steamboat Springs Sees Long Waitlist Heading Into Summer

Last spring, the Yampa Valley Housing Authority began leasing units at the brand new Alpenglow Village, located between downtown Steamboat and Steamboat Resort. The first residents moved in last summer and now the waitlist includes over 100 households. “I believe COVID has increased demand for low and moderate income housing, as more households are moving to or investing in Steamboat from elsewhere,” said Jason Peasley, Executive Director at Yampa Valley Housing Authority.  “It’s driving up housing prices and constricting supply.”

Alpenglow Village is Second Apartment Community Project Completed Through a Partnership between YVHA and Overland Property Group

Alpenglow Village is the second apartment community project completed through a partnership between the YVHA and Kansas-based developer, Overland Property Group. The apartments feature patios or balconies, knotty-alder cabinets, Energy Star appliances, LED lighting, walk-in closets and simulated luxury wood flooring. A clubhouse includes a community room, fitness gym and library.  “We did a lottery to sort out the 350+ applicants we had for 72 units,” Peasley said. “COVID made us rethink how we approached the lease sign up, using a lottery system instead of a large in-person leasing event.” The rental apartments were offered to households earning 60% or less of the local median income, with up to 24 units available to households earning up to 120% of local median income.

Yampa Valley Housing Authority Breaks Ground on Additional Complex in Steamboat

A few months ago, YVHA broke ground on 90-unit Sunlight Crossing, located on the north side of US Highway 40, close to The Reserves. The development will inch YVHA closer to their goal of building 600 affordable housing units by 2030. “I’m thrilled to see this project break ground and watch new workforce housing develop in Steamboat; it is geared toward our local working individuals and families, that will remain affordable in perpetuity,” Peasley said.