Officials hope to dispel rumors surrounding workforce housing project - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 21, 2018 Newswires
Share
Share
Post
Email

Officials hope to dispel rumors surrounding workforce housing project

Ruidoso News (NM)

June 21--Rumors are circulating that a 20-story building will be constructed in midtown Ruidoso for low-income housing on property left over from five acres purchased by the village for a municipal parking lot.

Neither assertion, 20-stories nor low-income, is true, Ruidoso Community Development Director Bradford Dyjak said Wednesday. Residents and business owners will have a chance during a meeting of the Ruidoso Workforce Housing Advisory Board meeting at 2 p.m., June 28, to learn the facts surrounding the proposal being reviewed to use that land.

Architectural standards in midtown limit building height to a maximum 35 feet, essentially three stories, the same as some of the adjacent hotels, Dyjak said. And the units are aimed at people with viable jobs, who pass credit and criminal background checks, he said.

"It's concerning," he said of the wilder claims he has heard.."I certainly respect the residents interests and concerns. There are a number of items that need to be taken under advisement that bear further research. We in the due diligence stage.

"But at the same time, it's disingenuous if we are having conversations and there is this (extreme) speculation. We're committed to moving forward and trying to dispel some of those concerns and questions, and we are trying to discuss it within the realm of the facts of the program,"

A fact sheet was prepared to hand out to people who attend the meeting, he said.

"We have property we are evaluating," Dyjak said. "No decisions have been made. It would have to go to the village council, if it were to move forward. The public would have an opportunity to weigh in on the design and layout and all the issues associated with a normal site plan.

"There's a number of steps in the proces and I hope we all are speaking the facts. if you talk about facts, you can reasonably disagree and that's fair."

Some of the confusion may stem from a packet assembled to review for a previous workforce housing advisory board meeting that shows examples of structures built by the Chelsea Investment Corporation, a firm that works with the Eastern Regional Housing Authority.One of the structures rises 16 floors.

"The village certainly is committed to the evaluation of this potential property for use in this project, but we want to reassure people that if we move forward, there is a commitment to workforce housing within the perameters and guidelines of the new Mexico Mortgage Finance Authority," Dyjak said. "This is something that will be a benefit and not a detraction."

As part of the packet on seeking workforce housing, "current progress" listed the sale of a large tract to a housing developer at Grindstone subdivision with a portion of the proceeds deposited in a designated trust fund; a smaller tract sold with proceeds deposited and other tracts identified; the council adopted a trust fund and land bank ordinance; inventoried and began planning for future village lots; is drafting an ordinance allowing accessory dwellings; drafting criteria for partnerships and incentives and seeking a developer for publicly-owned sites.

Some of the land reviewed for use included a potential swap with Presbyterian Healthcare Services or with the Ruidoso School District. The advisory board also looked at potential private partners collaboration through private development on a parcel identified as the Roblas Tract and on the Midtown Warren tract, as well as existing publicly-owned lots.

A statement in the fact sheet reads that affordable housing, also called workforce housing, refers to housing prices that are not inflated by certain economic factors such as tourism, high income neighborhood or real estate markets.

"It is not the same concept as HUD (Housing and Urban Development) housing or housing that is paid for by vouchers," the sheet states. "It is intended to give a viable workforce a safe and affordable place to live with the convenience of walkability and easy, affordable access to community."

Units can be rental or ownership reasonably afforded by a moderate to middle income.. Examples cited were based on someone earning 60 percent of the median income in Lincoln County of $55,500. Monthly rents for two people in a house would be about $587, for three, $706, and for four, $910.

Ten-year objectives for what is needed in the village covers 220 units of affordable housing, 305 units of rental housing, 25 units of senior independent living, 15 units of senior assisted living, 20-50 units of housing rehabilitation, 25 units of transitional housing and preparation for 20 families annually that will need emergency services and help with housing.

The fact sheet also noted that the purchase price of the 4.96 acres selected by Chelsea was the appraised value of $1,165,000 and the cost of the parking lot and handicapped compliant ramp was $269,610. The remaining land was to be used for housing or commercial development.

The advisory board meeting is in council chambers at village hall, 313 Cree Meadows Drive.

___

(c)2018 the Ruidoso News (Ruidoso, N.M.)

Visit the Ruidoso News (Ruidoso, N.M.) at www.ruidosonews.com

Distributed by Tribune Content Agency, LLC.

Newer

New York Life Insurance Co Files SEC Form SC 13G/A, Statement of Acquisition of Beneficial Ownership By Individuals: (Jun. 7, 2018)

Advisor News

  • The silent retirement savings killer: Bridging the Medicare gap
  • LTC: A critical component of retirement planning
  • DOL proposes new independent contractor rule; industry is ‘encouraged’
  • Trump proposes retirement savings plan for Americans without one
  • Millennials seek trusted financial advice as they build and inherit wealth
More Advisor News

Annuity News

  • F&G joins Voya’s annuity platform
  • Regulators ponder how to tamp down annuity illustrations as high as 27%
  • Annual annuity reviews: leverage them to keep clients engaged
  • Symetra Enhances Fixed Indexed Annuities, Introduces New Franklin Large Cap Value 15% ER Index
  • Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
More Annuity News

Health/Employee Benefits News

  • After enhanced Obamacare health insurance subsidies expire, the effects are starting to show
  • CommunityCare: Your Local Medicare Resource
  • AG warns Tennesseans about unlicensed insurance seller
  • GOVERNOR HOCHUL LAUNCHES PUBLIC AWARENESS CAMPAIGN TO EDUCATE NEW YORKERS ON ACCESS TO BEHAVIORAL HEALTH TREATMENT
  • Researchers from Pennsylvania State University (Penn State) College of Medicine and Milton S. Hershey Medical Center Detail Findings in Aortic Dissection [Health Insurance Payor Type as a Predictor of Clinical Presentation and Mortality in …]: Cardiovascular Diseases and Conditions – Aortic Dissection
More Health/Employee Benefits News

Life Insurance News

  • Baby on Board
  • Kyle Busch, PacLife reach confidential settlement, seek to dismiss lawsuit
  • AM Best Revises Outlooks to Positive for ICICI Lombard General Insurance Company Limited
  • TDCI, AG's Office warn consumers about life insurance policies from LifeX Research Corporation
  • Life insurance apps hit all-time high in January, double-digit growth for 40+
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet