Paul Redden Workforce Housing Project
In 2020, the Valley Housing Fund purchased three lots in the CB mobile home district from Paul Redden's estate with the intention of placing new homes for the working backbone of the CB community. Pauley was a longtime local and well-known "working man" of Crested Butte who passed away in 2019.
VHF is moving through the approval phase with three new manufactured homes on the property and a total of eight bedrooms. There will be two 3-bedroom homes and one 2-bedroom home, each on its own lot with a large, private storage shed. The homes are scheduled to be completed as early as fall 2022.
VHF has already contributed $500,000 for the purchase of all three lots, and all VHF staff time has already been covered to move the project through the BOZAR and Town permitting process. 100% of funds raised will go toward the actual project.
- Already contributed by VHF: $500,000
- Estimated waiver of fees from Town of CB for affordable housing: $60,200
- Price of each manufactured home: $168,000 (total $504,000)
- Estimated price per lot for site preparation, excavation, foundation installation, utilities, and construction labor: $160,000 (total $480,000)
- Fundraising goal: $984,000 ($328,000 per home, or $123,000 per bedroom)