Under quintessential bluebird skies and with newly snow-covered ski slopes as a backdrop, today a group of Park City government officials, staff, and stakeholders unveiled the city’s long-anticipated affordable housing complex, The Retreat at the Park.Â
Nestled tightly between Park Ave and City Park, these eight colorful single-family homes adeptly reflect the mining shack architecture typical of Old Town. But with price tags ranging from $192,153 to $280,291, these cute prime-location homes were, by design, offered at around 80 percent less comparable dwellings in the area.
Park City residents meeting the state definition of moderate income–80 percent of Area Median Income (AMI), which in 2017 was $74,448 for a family of three living in Summit County–were were allowed to apply to purchase one of the homes last summer. Ninety-nine residents went through the application process and, in September 2017, eight were selected by lottery. The Retreat homeowners will begin moving in within about a month.Â
For more details about The Retreat and other affordable housing projects scheduled to come on-line in the near future, visit parkcity.org. And be sure to check out Park City Magazine‘s upcoming summer/fall 2018 print issue for a larger story on The Retreat and its residents, on newsstands in June.     Â
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