Village Court Apartments Phase IV
In its commitment to offering a wide variety of affordable housing for the community, the Town of Mountain Village will be adding two more buildings to Village Court Apartments.
This project will add 88 beds in bedrooms in 35 units to the Town's affordable rental inventory.
Phase IV will consist of Building E and Building W. Building E will have eight 1-bedroom units and thirteen 2-bedroom units for a total of 34 bedrooms and Building W will consist of 13 units consisting of 4-bedroom suites and one three-bedroom unit with a storage room on the lower level.
The Town is working with Triumph Development West as the developers of the project and Shaw Construction will be the general contractor.
Work to prepare the site is expected to begin in May 2023 and delivery of modular buildings is anticipated for August or September 2023 with move-in targeted for the beginning of 2024.
The estimated total cost is roughly $20.29 million. The Town is actively seeking grants and other funding opportunities to finance the project as it does not collect real estate transfer tax like other municipalities.
The Town has not yet finalized rental fees or the lottery/rental process for future tenants but will share those details with the community once they’re available.
More information on the process will be shared on this page and through Town channels as it becomes available.