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 Vista
- Why infrastructure and financing are the biggest barriers to affordability
- How grants, partnerships, and timing made this project possible
- What deed restrictions are and how they preserve long-term affordability
- Why smaller homes and creative design are key to lowering costs
- The risks involved, including putting personal finances on the line
- Whether this model can realistically be replicated in other mountain towns
Ashley 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 BV
Subscribe for more conversations about real estate, law, and community in the Colorado Rockies.
Connect with Jessica: https://jessicachariton.homesmartpreferredrealty.com/
Connect with Ashley: https://www.collegiatepeakslawandmediation.com/