Up to 40 new housing units, all geared for the affordable market segment, have been approved for construction in Lyons, Colorado.
Most of the units will go up on currently vacant land south of McConnell Drive just as that roadway crosses the St. Vrain River.
Another group of units will be built on similarly vacant property, also in what is known as the Valley Park subdivision, just off nearby Carter Drive.
The project, which is eligible for Community Development Block Grant funding, will also see the creation of bike parking space for each home, electric vehicle charging stations, and enclosed storage units.
Rents for the new homes are expected to fall in the roughly $1,500 per month category for a two-bedroom house or town home; and just under $1,700 per month for a three-bedroom unit.
Those rent figures stand in contrast to the roughly $600,000 average price of a home today in Lyons.
The project, which has been the subject of several public input meetings leading to its approval by the Town of Lyons Board of Trustees, is designed to replace housing lost in a devastating Fall 2013 flood.
That flood, after several days of heavy rainfall, led to the destruction of several older homes in the town, as well as a mobile home park.
By Garry Boulard
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