Holtan Hills offers a “mixed density” design of potential units ranging from small condominiums to large-lot single family homes, with options for different budgets. The community will also accommodate numerous accessory dwelling units (ADUs) that can provide direct opportunities for new, desperately needed workforce housing.
Holtan Hills will support local construction jobs throughout the process of installing the infrastructure and building the community. The new community will also generate dozens of new permanent jobs through new economic activity.
Financial responsibility for on-site infrastructure (roads, water, sewer, utilities) will be provided by CY Investments. Proceeds from the development will be split with Heritage Land Bank. As such, financial risks associated with the project are shouldered by CY Investments, not taxpayers.
Over the past several decades, the lack of affordable housing has grown more severe for families across Anchorage, particularly in Girdwood.
The only meaningful way to address Girdwood’s housing shortage is to build new homes.
Holtan Hills will create 58 new housing units in Phase I, including the potential for other accessory dwelling units (ADUs) on numerous lots to help address the housing shortage. Future phases of the project will bring that number to well over 100 housing units in various price ranges. The primary goal is to create "shovel ready" homesites for private parties and builders. We are receiving a heavy volume of requests, including Girdwood residents, interested in this new community.
The Holtan Hills property has sat idle for 20 years. Right now, decision makers are merely deciding to begin a development project that must still go through an exhaustive technical review and extensive public approval process. This effort has taken nearly three years to reach this point. That said, it follows a lengthy pattern of activity by the Assembly over the past several years.
In December 2022, the Anchorage Assembly unanimously passed a resolution supporting “…housing development throughout the Municipality of Anchorage of varied types, densities and price points…” Holtan Hills is an ideal way to help achieve this goal.
In December 2023, the Assembly unanimously approved a new Housing Strategy Action Plan, which Holtan Hills will help implement its goals in the following ways:
Each year we have fewer homes than the community needs, and additional delays will do nothing to alleviate that pressure. Holtan Hills is the only meaningful opportunity for housing to start addressing this challenge in Girdwood.
Whether you have questions about the proposed community or you just want to let us know your thoughts, please feel free to drop us a line at the email address below or with the button below.
