Stevens Group, Inc.

Commercial and Residential
Real Estate Sales and Design

Williams Ranch

This group was one of the first in this valley to produce a true mixed income residential project. The project, Williams Ranch in Aspen included 70% of the development as deed restricted affordable housing in compliance with the Aspen/Pitkin County Housing Authorities (APCHA) guidelines ranging from Category 2 through Resident Occupied. The Resident Occupied category did not exist at the time of this project so The Stevens Group drafted the language for APCHA approval and created the category. This category picked up where Category 4 left off and allowed for any employee in the county to qualify meaning that business managers, owners etc could qualify. Additionally 30% of the development was sold on the free market. The mix created an income mix within one community ranging from approximately $35,000 per year to unlimited “Aspen Rich”. This also created the first “Robin Hood” project in that the free market lots provided internal subsidy to the deed restricted units. No public money in any form was used for this project, yet Category 2 deed restricted units beginning in price at $68,000 (1998 dollars) were produced and sold.

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Featured developments:

Cardiff Glen | Williams Ranch | Water Place | Truscott Place