Silverthorne’s affordable housing development ready for move in
November 22, 2009
SILVERTHORNE – A new opportunity for affordable housing in Summit County is almost complete. All units at Solarado, Silverthorne’s new eight-unit development, are to be complete by mid-December. The complex is located behind Office Max in the Ptarmigan Trail Estates subdivision bordering Silverthorne and Dillon.
The developer – South Maryland Creek – broke ground on the project in May, and it’s currently selling the available units. Each unit costs $250,000.
Two units will be occupied by Dec. 1, and three are under contract, said spokeswoman Joanna Hopkins with Solarado. Five units are still up for grabs.
Solarado held an open house Nov. 12, and there was a huge turn out, Hopkins said.
“Interest has grown since people have been able to walk through the units,” she said. “Hopefully we’ll get some more contracts in a couple weeks. There was lots of great feedback and hopefully some interested buyers.”
Council members and staff from Dillon and Silverthorne were also at the open house. The new development represents a public/private partnerships to create more affordable housing in the area – Silverthorne and Dillon worked together to make the project happen. Dillon provided taps, water and sewer services at an in-town rate for the Silverthorne complex under an agreement between the two towns.
The Ptarmigan lot – Solarado’s location – was originally purchased from Dillon for a public-use trail connection from Silverthorne to the rest of Summit County’s trail system. The Town of Silverthorne also decided it would be a good site for affordable housing.
“We are all pleased to see this development completed,” said Ryan Hyland, assistant to the Silverthorne town manager. “It provides a great new opportunity for home ownership in Silverthorne.”
The Summit Combined Housing Authority will manage all of the deed-restricted units. Units will be available to anyone who qualifies within the county, with no favoritism toward town employees. For information, contact Hopkins at (970) 262-9080.
Caitlin Row can be reached at (970) 668-4633 or at