Alexander Property in Ilium Valley
The Town is actively building community housing on two Town-owned properties within the boundaries of Mountain Village: 29 for-sale units (comprised of 65 bedrooms) at Meadowlark and 35 rental units (comprised of 88 bedrooms) at Village Court Apartments Phase IV.
Recognizing the reality there are now few, limited, opportunities for community housing within the Mountain Village Town boundaries, the Town has been actively seeking opportunities beyond its borders to address the regional housing crisis.
The Town has seized on the opportunity to acquire 56.3 acres of land in Ilium Valley, which is in unincorporated San Miguel County. This opportunity became a priority to the Town Council given its proximity to Mountain Village and the Town of Telluride as well as the potential to meaningfully address the long-term regional housing need.
The Town is currently under a purchase and sale agreement to purchase the 56.3 acres, commonly referred to as the Alexander Property. See map of the property below.
Community Housing Rezone Application
On Thursday, July 13 the San Miguel County Planning Commission approved the Town's application to rezone this property from forestry/agriculture to a Community Housing Zone District.
The San Miguel County Board of County Commissioners will hear the application on Wednesday, August 16. Learn more.
A rezone application is the first step toward the development of affordable housing. The Town of Mountain Village has submitted an application to address all County requirements. This application is also in conformance with the County Master Plan.
The current application under consideration is not an application for development. After such time that a rezone of the property is considered, the Town will file a separate development application with San Miguel County.