New Multi-Family Housing Boom

 

 

 

Woodland Park elected leaders last week took action to open the door for a key apartment development near the Eagle Fire Lodge and supported an overall water policy, aimed at encouraging more multi-family projects.

At the recommendation of Utilities Director Kip Wiley, the council agreed to increase the amount of multi-family water taps allocated. And in a related action, it reserved 168 taps for the proposed Woodland Park Apartments development. This project, located at 311 East Sheridan Avenue at the current site of the Whispering Pines Mobile Home Park, will include seven apartment buildings and a clubhouse. One of the project developers is Councilman Eric Smith. With this designation of taps, the projected has scaled another key hurdle in obtaining future funding. Project proponents hope to begin construction next year.

Woodland Park currently has a big void in the multi-family housing arena. At the same time, consultants say that’s where the main housing demand exists. Prior to even reserving the water taps for the proposed Woodland Park Apartments development, the council had to up the city’s bank of multi-family taps from 97 to 247. The city in the late 1990s developed a water tap management plan to address the reality of only having enough water resources to serve a population of about 11,500. Since then, this target population has been increased by several thousand due to the conservation actions of local residents. In recent months, city leaders have sought to take actions to make multi-family housing project more doable. “This is the way I like to see these allocations happen,” said Woodland Park Mayor Dave Turley. In past discussions, he has supported a market-driven approach to handling the town’s affordable housing dilemma.