January 31, 2025
Kit Carson Rural Development is respectfully requesting help with gap funding in the construction of two 1,258 square foot 2 story, 2 bed 1.5 bath affordable housing units in a brand-new duplex to be built by Big Sandy Builders out of Limon, CO. This project is shovel-ready and is scheduled to start early August 2024. This duplex will be built on a lot in Kit Carson that KCRD purchased from the Town in May 2024. These two units will be rented, or sold, to low-income individuals or families. The Project has a total estimated cost of $602,000. KCRD is contributing $255,500 along with an interest only loan of $300,000 that has been secured from Cheyenne County. We are seeking grant funding to cover the remainder of this estimated cost. This duplex is part of an ongoing initiative aimed at building more affordable housing in our community.
KCRD would benefit greatly from this sponsorship, allowing us to fill the gap we have in our funding, and allowing us to build a duplex that will have two affordable housing units. This duplex project will help us meet our Proposition 123 goal of building one affordable housing unit per year for the next
three years, and increasing the amount of rental housing units in the town of Kit Carson, which currently has no housing available for rent.
This sponsorship will help with the long-term survival of our community. Kit Carson is a small, rural town of roughly 250 residents. This sponsorship will help KCRD build more affordable housing in our town, allowing us to provide a decent living space for people in our community and hopefully attract
members from outside our community. A housing inventory completed earlier this year revealed that 22% of the housing in Kit Carson is abandoned, dilapidated, and uninhabitable. It is clear there is a pressing need for more housing. KCRD has have been successful in creating affordable housing in the past. With a potential restaurant, new potential gas station\truck stop, and one of the largest wind farms
in North America being built north of Kit Carson later this year, having more affordable housing will help the town capitalize on these and other growth opportunities. This will increase the chances of long-term survival of our community, allowing KCRD to revitalize and sustain our hometown
