Last updated 8:28PM ET
December 12, 2017
KSUT Regional
KSUT Regional
Ground Broken for $13M Affordable Housing Complex
(2007-01-24)
Mercy Housing, Mercy Medical Center, Three Springs and Durango City officials break "snow" Tuesday for the new Pinon Terrace development.

BELOW: An artists rendering of the 66-unit complex.

(Photo: Victor Locke, KSUT)
(ksut) - 01.24.07.PinonTerraceGroundbreaking

HOST LEAD: Ground's been broken and construction is underway on Southwest Colorado's newest affordable housing development.
KSUT's Victor Locke Reports.

VICTOR: Pinon Terrace at Three Springs will be the third affordable housing complex in Durango, operated by Denver based Mercy Housing.
The 13-million dollar development of 66 one, two and three bedroom apartments is being built on land just northwest of, and donated by Mercy Regional Medical Center.
There's no affiliation between Mercy Housing and the hospital.
Dick Banks, President of Mercy Housing says the complex will serve those in dire need of affordable housing.
BANKS: WE AVERAGE, OUR RESIDENTS, FIFTEEN THOUSAND DOLLARS A YEAR SO THAT DOESN'T BUY YOU MANY OPTIONS IN THE HOUSING MARKET BUT 99-PERCENT OF THESE ARE JUST ABSOLUTELY WONDERFUL FAMILIES WHO WORK HARD FOR A LIVING, AND JUST FALL THROUGH THE CRACKS AND THE ECONOMICS AND WE TRY TO PROVIDE ALTERNATIVES FOR THEM.
Funding for Pinon Terrace came from a number of sources, including city waivers of 400-thousand dollars in fees.
The first residents could move in late this summer.
I'm Victor Locke for KSUT.
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