Breckenridge’s $7M affordable housing project to begin construction

· Mar. 4, 2015, 4:43 pm

Summit approved plans to build 25 to 30 two-bedroom affordable rentals in Breckenridge for a total expected cost of $7 million, reported Summit Daily Tuesday. But officials don't yet know the pricing structure or rental rates. 

Final resident income targets haven’t been decided, but officials are currently looking at targeting people earning 60 to 80 percent of the area’s median income, or between $38,000 and $50,000 a year for one person and $43,000 and $58,000 combined annual income for two people.


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