The Lake Hill housing development is the largest workforce housing project in Summit County to date.
Located between the towns of Frisco and Dillon, the Lake Hill housing development is situated directly off the Dillon Dam Road and backs up to the I-70E corridor. This 44.8-acre plot of land overlooks the Dillon Reservoir and has breathtaking views of Grays & Torreys Peak, Mount Guyot and the Ten-Mile-Range.
The process of Summit County purchasing the parcel from the U.S. Forest Service began in early spring of 2016 and sold for $1.75 million dollars.
Summit County is still working out the final details of the Lake Hill housing development. Original estimates gave a range of 410-590 units. The numbers have decreased and are expected to be in the range of 400-450 units. While the numbers are not yet set, every unit in this project will include some form of deed restriction. Summit County is also considering how senior housing could be incorporated into the project, while carefully targeting local seniors over out-of-state retirees.
The current draft of the master plan for the Lake Hill housing development combines a mixture of apartments, single-family homes and townhomes, with both rental and ownership opportunities. Three primary goals for the project include offering a mixture of housing styles, serving a variety of income levels, and creating the opportunity for residents to have mobility to upsize or downsize within the community.
The proposed site design should make the best use of Lake Hill’s south-facing slopes. Each residential unit will have access to open space according to the current plan, linking all residences through a greenbelt, trails and a community center. Other proposals include adding bike lanes and sidewalks along the Dam Road and adding Summit Stage bus stops at the two entrances.
Once the master plan is finished for the Lake Hill housing development this fall (2016), the county will begin to rezone and subdivide the project. Infrastructure construction is slated for the spring and summer of 2017, with the goal of breaking ground on phase one of the project in 2018.
Quick Facts:
- The Lake Hill Development is structured as affordable housing for residents of Summit County, Colorado.
- Each unit will have some type of deed restriction – you must be a Summit County resident that works here to purchase a unit.
- Some units in this development will have a salary/wage cap or different types of them.
- Located off the Dillon Dam Road and the I-70 corridor this development is a centralized Summit County location.
For even more information about the Lake Hill housing development click here.
To learn more about this fantastic opportunity for Summit County local residents, contact Real Estate of the Summit today at (970) 453-1450! One of our professional real estate specialists will help you navigate the unique process of purchasing deed restricted property.
