Asked to build affordable housing or pay a fee, Durango developers opt for fees

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Asked to build affordable housing or pay a fee, Durango developers opt for fees

City aims to adapt housing ordinance
Twin Buttes of Durango is designed to include 655 residential dwelling units, 135 accessory dwelling units and land for commercial, community, agricultural, park and school purposes. The development is meeting its affordable housing requirement through a 1% transfer fee, which is collected in perpetuity and already generating revenue.

Asked to build affordable housing or pay a fee, Durango developers opt for fees

Twin Buttes of Durango is designed to include 655 residential dwelling units, 135 accessory dwelling units and land for commercial, community, agricultural, park and school purposes. The development is meeting its affordable housing requirement through a 1% transfer fee, which is collected in perpetuity and already generating revenue.
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