HOUSING: A five point plan to help more La Plata County residents crack the tough housing market was unveiled Friday to local and state officials, developers, nonprofit agencies and curious individuals.
The Regional Housing Authority, created in 2004 to help La Plata County turn residents into homeowners, has led the preparation of strategic housing solutions. The plan would:
* Help communities develop policies leading to smart growth;
* Establish city and county ordinances requiring developers provide a percentage of below market rate housing. There are 190 such programs in the United States;
* Create a $10 million trust fund for second mortgage and down payment assistance.
* Establish a land bank through purchase or donations. Tamarron has contributed 6 acres and Three Springs could provide land for rental units.
* Educate and counsel potential home buyers to create a pool of people ready to take on home ownership.
The housing authority wants to help at least 500 families over a five year period. It's aiming its efforts at home ownership for families earning from $25,000 to $75,000 annually.
http://HomesInDurango.com / http://DurangoRealEstate.biz
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