A Denver company, in partnership with Durango housing officials, has been awarded a low-income housing tax credit to build a 50-unit apartment building at 32nd Street and East Animas Village Drive.

The $10 million project, known as East Animas Village Apartments, would have one- and two-bedroom apartments available to low-income earners. Rents would range from approximately $350 to $825 per month.

Advocates believe there is a critical need for affordable housing in Durango. La Plata County homes sold for an average of $315,000 during the most recent quarter. In-town Durango homes were even costlier, averaging $360,500, according to the Durango Area Association of Realtors.

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