affordable units awarded
Express Staff Writer
Griffin thought she might never be able to buy a home in the Wood River
Valley—until last week.
Hoover helps Ketchum and Blaine County Housing Director Gates Kellett
draw numbers for a lottery that determined who will have first crack at
purchasing affordably priced housing units at River Glen in Ketchum. Express
photo by David N. Selig
As one of
three Ketchum women who won a city lottery Thursday, Griffin has the
opportunity to purchase a deed restricted condominium unit along the Big
Wood River on the southern edge of the city at less than market rate.
longer I stayed here, the less likely it seemed I could buy with the
explosion of real-estate prices," said Griffin, a personal chef and
author. "It’s a hell of a location, and it’s a handsome
first crack at a one-bedroom unit at the three-unit River Glen condominium
complex, which was approved as part of a subdivision that will replace the
old Sun Valley RV Park. The other two units have two bedrooms each.
winter, developer Doug McPherson posed a trade to Ketchum’s city
officials: more sellable lots at River Glen in return for three affordable
units. Through the city’s planned unit development ordinance, and about
a dozen meetings, city officials accepted McPherson’s offer.
condominiums at River Glen were offered to qualified applicants through
the lottery process held Thursday at Ketchum City Hall. Of the 88 local
residents who applied, 18 made the cut to participate in the lottery.
Three will buy the units, priced at $105,000 for the one-bedroom unit and
$120,000 for the two bedroom units.
Blaine County Housing Director Gates Kellett said it was gratifying to
offer local residents opportunities to purchase homes but a little
disheartening that there weren’t more deed restricted units to go
18 people here who all are ready for a home, and I couldn’t give one to
all of them," she said. "I am very pleased we are able to do
this. I just wish we has more units."
time, Kellett said, more units will be built.
momentum just has to grow," she said.
deed-restricted units that will be sold or rented at varying price ranges
are under construction or under political consideration in Ketchum. Four
units are slated for the Copper Ridge development, which is under
construction at the corner of Washington Avenue and Third Street.
more units will result from the massive Thunder Spring project on Saddle
Road, though the price ranges for the units are still under negotiations.
many feel it’s difficult to argue that the city’s gradually growing
cache of affordable housing is helping put roofs over the heads of valued
top three winners Thursday are respected local businesswomen, including a
financial officer for a local company and a combined chef and author.
Owners of The Fields at Warm Springs 14 deed-restricted units on Warm
Springs Road work in city government, local business, medicine and other
deed restrictions, appreciation of the units is restricted to 4 percent
per year of ownership, ensuring that the units remain relatively