The Real Cost of Affordable Housing in the Rockies | Ep 2

Can affordable housing actually work in a Colorado mountain town, or is it financially impossible without major tradeoffs?In this episode of Real Estate in the Rockies, Ashley Kappel and Jessica Chariton sit down with Paul Andrews, developer of The Crossing in Buena Vista, a community designed to be 50% affordable housing.Paul brings decades of high-level real estate and financial experience to this conversation and shares what it really took to bring this project to life. From infrastructure costs and financing to deed restrictions and community pushback, this episode breaks down the real challenges behind building housing that people can actually afford.This is not theory. It is a real-world look at what it takes to solve one of the biggest issues facing mountain communities.In this episode, you will learn:What a 50% affordable housing model looks like in Buena VistaWhy infrastructure and financing are the biggest barriers to affordabilityHow grants, partnerships, and timing made this project possibleWhat deed restrictions are and how they preserve long-term affordabilityWhy smaller homes and creative design are key to lowering costsThe risks involved, including putting personal finances on the lineWhether this model can realistically be replicated in other mountain townsAshley brings a legal lens to zoning, deed restrictions, and policy considerations. Jessica connects the conversation to real market conditions and what buyers are experiencing on the ground.Paul shares a behind-the-scenes look at what it takes to build a community from the ground up, including the vision, the risk, and why this work matters for the future of Buena Vista and beyond.Paul Andrews is the developer behind The Crossing in Buena Vista, a community designed to provide a mix of affordable and market-rate housing in a mountain town setting. Originally from England, Paul has an extensive background in finance and real estate, including leadership roles as CFO at Madison Marquette, Vail Resorts Development Company, and EverWest Real Estate Investors.Over his career, he has completed more than $2 billion in real estate financings and helped grow EverWest into a $5 billion institutional real estate platform. After retiring in 2022, Paul shifted his full focus to The Crossing and other Colorado mountain real estate projects, bringing his experience, capital, and long-term vision to addressing housing challenges in communities like Buena Vista.Links:Website: http://www.thecrossingbv.com Instagram: @thecrossingbv Facebook: The Crossing BV LinkedIn: The Crossing BVReal Estate in the Rockies is the podcast exploring Colorado mountain real estate, housing, land use, development, zoning, community growth, and mountain living in Salida, Buena Vista, Chaffee County, and communities across the Rockies.Hosted by Colorado real estate attorney Ashley Kappel and local realtor Jessica Chariton, the show brings together developers, community leaders, housing experts, investors, and local voices to break down the conversations shaping mountain towns today.Whether you’re buying property in Colorado, navigating real estate development, exploring affordable housing challenges, or simply interested in the future of mountain communities, Real Estate in the Rockies delivers real conversations and local insight from the people living and working in these communities every day.Subscribe on YouTube, Apple Podcasts, and Spotify for new episodes every week.Connect with Jessica: https://jessicachariton.homesmartpreferredrealty.com/Connect with Ashley: https://www.collegiatepeakslawandmediation.com/Please share this podcast with anyone who is interested in Real Estate development, Community Conversations about living in Colorado Mountain Towns.