Project Overview
An updated housing market study was completed in July 2020 and included one very shocking statistic; the need in Saguache County for affordable senior housing has increased 63% during the past 4 years. With a interest list already containing more requests than LWV will be able to accommodate, we feel the urgency to get this project completed as quickly as possible.
The Living Wisdom Village (LWV) project is being developed in three phases.
Phase 1 – Get Lined Up: This included obtaining non-profit status, achieving Enterprise Zone (tax credit) designation, completing a housing market study, locating and purchasing suitable land for construction, having 2019 financials audited, developing a procurement policy, attaining preliminary Planned Unit Development (PUD) approval from the Town, and fundraising to accomplish these objectives. This work is complete.
Phase 2 – Design the Village: The design phase is nearing completion.
Phase 3 - Build It!: We currently anticipate that construction will begin in spring, 2024.
Project Milestones/Timeline
Obtain non-profit status: Completed Feb. 2018
File for Enterprise Zone status: Approved August 8, 2018
Find land for development: Oct. 29, 2019
File PUD application with Town: Approved March 9, 2020
Fundraising campaign to purchase land: Reached Goal April 30 2020
Purchase land for development: Purchased April 30, 2020
Submit grant applications for Architect/Engineer funding: Completed August 2020
Project design: The design phase is nearing completion
Submit LWV design plan to Town for final PUD approval: Approved May 2021
Submit grant applications for construction: Complete
Begin construction: Spring 2024