When Habitat for Humanity of the San Juans breaks ground on this next housing project, we’ll do something never done before: build affordable housing in Ouray County.
And we won’t just be building one home, we’ll build a triplex, with three townhomes, on North Laura Street, in Ridgway.
Read the full press release here.
ABOUT THE TRIPLEX
Each townhome slated for construction within the Ridgway River Park Triplex, will be 1500 sq. ft., three stories, with three bedrooms, two bathrooms, and a garage.
A Citizen Engagement Committee, helmed by Ouray County residents Karen Dubroff and Dan Kigar, have organized and are working on a campaign to raise money and awareness for the triplex. Their first order of business is to help amplify Habitat’s call for applicants for these affordable mortgages and homes in downtown Ridgway.
“We’re not just looking for applicants,” said Dubroff, “we’re looking for families to partner with us to become homeowners.”
Through Habitat’s Homeownership program, the nonprofit is able to sell homes to qualified families at a 0-3% interest rate, with only a $500 down payment, and a set monthly mortgage payment that does not exceed 30% of the family’s gross monthly income.
According to Burke, from the time a family applies to the day they move into their home, the process takes anywhere from nine months to one year and includes hundreds of volunteer hours.
“We know that homeownership has a profound impact on families and communities. In fact, children of homeowners are 25 percent more likely to graduate high school and 116 percent more likely to graduate from college,” she said.
Looking ahead to the construction phase, which could begin later this year, Kigar said, “It’ll be a great day when we get to celebrate with three local families who we can count on to grow with our community for years.”
Applications for the Ridgway River Park Triplex are available here and at the ReStore in Montrose.