ARCH Community Housing Trust proposes four new affordable rental homes
The ARCH Community Housing Trust is on a mission to develop high quality affordable housing in the Wood River Valley.
In an effort to build four more new affordable family rental homes, it is proposing to the City Of Hailey to allow it to use a site that’s been set aside for public use.
“The definition of affordable is that a household earning is that a household earning 80% or less of area median income would not have to spend more than 30% of their income on housing costs,” said Michelle Griffith, Executive Director of ARCH Community Housing Trust.
Griffith says the rental rates in Hailey increased 12% from 2014 to 2015, to just over $1400 a month.
“I know there are small business owners who are finding it hard to hire employees because their employees can’t live here and that’s the market that we’re trying to serve,” said Griffith.
The property in South Woodside was originally set aside for public use, to be used for something like a park, but Griffith says fortunately for affordable housing, the park never happened and they’re hoping to put some affordable housing in here instead.
If you want to learn more about affordable housing options in Blaine County, go to archbc.org.