Salida Crossings developer Duane Cozart said he expects to receive a term sheet “any day now” for financing his mixed-use development on the east end of U.S. 50 in Salida.

Cozart recently changed the project from condominiums to apartments, which requires a different financial structure. He has said the design of the project will not be changed in any way.

Rents will start at about $750, Cozart said, and will go above $2,000 for the large three-bedroom units in the back buildings.

Cozart must still abide by the affordable housing requirements outlined in the project’s planned development.

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