Officials and developers broke ground on a new project aimed at helping people find affordable homes in Hailey.
The project called Blaine Manor Family and Blaine Manor Senior is a 72,000 square-foot two-building complex. It will provide a 30 unit building for seniors and the second building will provide 30 units for families.
ARCH Community Housing Trust and The Housing Company partnered to make this project happen. The Housing Company is a non-profit that works to preserve affordable housing stock in Idaho.
According to Michelle Griffith, the executive director of ARCH, the building for seniors will serve people making 30% to 50% of the area median income (AMI). Rents will range from $450 to $1,000 per month. The other building will serve families at 60% or less of AMI. Rent will range from a little over $900 to about $1,200 per month.
Blaine County’s median income for a family of four is $78,400.
Rent based on income
Rent will depend on the bedroom number and income of residents. Federal guidelines determine rent so it will be re-evaluated yearly. This means rent could change before people move in.
The county commissioners donated the land and committed $500,000 to the project.
“Blaine County’s comprehensive plan has a section that states that people who work in Blaine County should be able to afford to live in Blaine County,” Commissioner Jacob Greenberg said in a Facebook live stream of the ground break. “That includes seniors who have retired. This is a huge step in the right direction.”
Financing for the project came from several agencies including Redstone Equity Partners, Zions Bank and Idaho Housing and Finance Association.
“It’s my hope that this is not just housing,” Hailey Mayor Martha Burke said during the live stream. “I want it to be a micro-community within our community. A neighborhood where seniors and families get to know each other, respect each other and take care of each other. This is what community is about, this is why we are here.”
Griffith says Blaine Manor Senior and Blaine Manor Family are expected to be ready in about 18 months. It will be located at 706 S. Main St in Hailey.