The Lone Tree City Council has approved a plan to bring what is being called "attainable" housing to the RidgeGate community. The RidgeGate Attainable Housing Plan was approved unanimously July 17 …
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The Lone Tree City Council has approved a plan to bring what is being called "attainable" housing to the RidgeGate community.
The RidgeGate Attainable Housing Plan was approved unanimously July 17 and follows up on the requirement to provide lower-cost housing, including townhomes and apartments, in the area as part of the RidgeGate East Annexation Agreement in 2000.
“The vision for this community really was passed by the public when this land was annexed in 2000, and we're just fulfilling this vision that was promised by the residents then,” Mayor Jackie Millet said. “A piece of that is making sure there's a place and a space for a whole range of people in the community.”
The plan is part of the city's RidgeGate East Sub-Area Plan for the East Village to develop the area along RidgeGate Parkway on the east side of I-25. The sub-area plan includes new parks, an elementary school, housing units, multi-story buildings and a main street running north to south. East RidgeGate, a walkable distance to the coming RTD light rail extension, could serve as Lone Tree's downtown center. The Sub-Area Plan outlines the area to be the social hub of Lone Tree once it's completed.
Jennifer Drybread, senior planner on the city's planning commission, said the project on the attainable housing would begin after 2019. The development of the entire area could take up to 40 years to complete.
Rent and lease prices of the 350 planned units have not been determined yet, but according to the plan, the units will be available to those with houshold incomes between 40 percent and 60 percent of the area median income for the Denver-Aurora-Lakewood Metropolitan Statistical Area. The plan calls for 150 of the units to go to residents 55 and older.
Diane Leavesley, executive director of the Douglas County Housing Partnership, said no official estimates to the cost of these units can be predicted yet because the completion of the units is far in the future.
The AMI Denver-Aurora-Lakewood MSA, as of 2018, was about $72,000, which could make the housing units in the RidgeGate plan available to household incomes at roughly $30,000 per year on the low end. At the maximum income level, families of two will be eligible at or below $43,200 per year, and families of four will be eligible with an income of up to $53,940 per year.
“These are our school teachers, these are our police officers," Millet said.
The Sub-Area Plan for the East Village will build around RidgeGate Parkway and includes plans for a city center area, just east of I-25 and south of Lincoln Avenue, and a district with an elementary school, retail spaces and houses, which will be on the southernmost end of the area off RidgeGate Parkway. To view the full plan, visit www.cityoflonetree.com.
“A complete community provides housing for a whole range of income levels,” Millet said, “and I think we're excited that we're going to have an opportunity to do that on the east side.”
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