2021-101 - Carbonate Street Housing & Commercial Development

The Town of Buena Vista is seeking proposals from qualified builders and developers for the development of two Town-owned parcels and adjoining right of way totaling 1.89 acres. The Town envisions a thoughtfully designed and vibrant mixed-use development that serves a wide spectrum of year-round residents from individuals to small family households. Within walking distance from schools and downtown, and with onsite childcare, this development offers attainable housing to those who are working to make the community a more vibrant and livable place. Economic resiliency is deepened throughout Northern Chaffee County from the ventures and people who choose to call this development home.
Successful proposals will demonstrate how the developer will achieve the following outcomes for the community of Buena Vista:

• • •  
• Create minimum of 65 new housing units of various types with rents or sale prices serving a mixture of households earning a between 60% – 140% AMI. No short-term rentals or condominiums will be permitted in the development for perpetuity through deed restriction;
• Prioritization of local employees in tenant selection process and criteria, established by the Town or the Chaffee County Housing Authority;
• Long-term ownership and management either immediately or eventually turned over to Chaffee Housing Authority;
• New childcare space built to serve children 0 – 5 years old;
• New commercial space(s) built aimed at cultivating and supporting local year-round entrepreneurs and businesses.