Vista Verde phase 1 (formerly known as ALTA VERDe)
If you are interested in Vista Verde Phase 1, please print and complete this questionnaire and email it to altaverde@gormanusa.com Gorman will review the questionnaire to determine your eligibility. If English is not your preferred language, please check with FIRC or Mountain Dreamers for more assistance.
Construction Complete: Winter 2022
Vista Verde Phase 1 a current affordable rental housing project that is close to reaching full lease out. In August of 2019, the Town hired Gorman & Company to pursue the 9% Low Income Housing Tax Credit (LIHTC). In May of 2020, Gorman received the 9% LIHTC award from CHFA. The 9% LHTC award makes it possible for Verde Vista Phase 1 to achieve rental rates as low as 60% AMI and below. In addition, The Town also received a $650,000 grant for solar panels from DOLA that The Town will match. The project goal is to achieve net zero designation, which means the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site. The Vista Verde Phase 1 project opened in December of 2022.
Neighborhood Summary:
# of Units: 80
Density: 16 UPA
Type: 1-, 2-, and 3-bd Apartments
Occupancy: Renter Occupied
Rental Rate: 60% AMI
Restriction Summary:
Income Target: 60% AMI
Rent: 60% AMI - No Short Term Rental Allowed.
Master Lease: Not Allowed
Neighborhood Amenities: Rec Path, Proximity to Parks, Trails, Public Transit, and Blue River. On-site play area, gathering space, dog area, and garages.
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The on-site leasing office will be open (weather permitted)
Tuesday and Thursday from 9:00am-12:00pm.
159 Stan Miller Dr, Breckenridge
Construction images taken in November, 2022