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Affordable Housing & Deed Restrictions in Summit County, Colorado

 

The properties below are those which are currently on the market and have some sort of deed restriction in place. 

 

Summit County is a resort community in which average single family home prices are out of reach for many people who work in the community. Affordable housing (defined by national standards is housing that takes no more than 30% of a household’s monthly gross income) is a necessity for the local workforce, yet it’s hard to come by in Summit County.

 

In order to retain families and preserve a genuine community feel in these expensive resort communities, it’s essential to make it possible for locals to live in the community they work in. Supporting the local workforce is essential to the success of businesses and help contribute to the overall high-quality experience for visitors.

 

One way that location organizations and developers have worked together to create more affordable housing units for individuals and families who work in the community is through deed restricted units and deed restricted neighborhoods. 

 

What is a deed restriction?

Deed restrictions are stipulations written into a property’s deed or recorded as a restrictive covenant that outlines conditions and/or restrictions for the property. They are private agreements, listed in the deed itself, that restrict the use of the real estate property in some specific way. Deed restricted houses for sale in Summit County - and any affordable housing units, are in high demand and tend to go very quickly. If you qualify for a deed restricted property, Contact me to be notified as soon as a property that meets your needs hits the market. 

 

In Summit County, many deed restrictions are designed to further the goals of affordable housing and workforce housing. They may include any of the following, all of the following, or a combination of the following: 

 

**NOTE- All Deed Restrictions are Different. If you have any questions regarding your deed restriction, contact the Housing Department. 

  • The deed-restricted property must be the owner’s primary residence. And/Or
  • At least one member of the household must be employed in Summit County for 30 hours or more per week. And/Or
  • The total household income must be at or below a certain percentage of the Area Median Income (AMI).
  • Visit Summit County Housing & Community Development page for more information.

 

Deed Restrictions by Basin

Deed Restrictions for various projects are listed on here. 

 

In order to keep prices low for many years, deed restricted properties often have limitations on the dollar amount of capital improvements that can be added to the sales prices, and they often have appreciation caps, as well. 

 

The Summit Combined Housing Authority is a great resource for affordable housing. Here you can learn about lending, renting, down payment assistance and other educational opportunities for homebuyers. 

Newest Deed Restricted Property Listings

229 Lee  Lane, Breckenridge image
229 Lee Lane, Breckenridge $2,295,000

Beautifully designed 3Bdr/21/2 Ba log home with endless custom features. The large wrap-around redwood and cedar deck provides privacy and uninterrupted views of the Cont...

  • 3 Beds
  • 3 Baths
  • S1035244 MLS
910 Copper  Road Unit 122, Copper Mountain image
910 Copper Road Unit 122, Copper Mountain — Passage Point $450,000

Are you ready to own a little piece of Summit County? Enjoy the experience of a cozy ski-in and ski-out deed-restricted condo with easy ground-level access. Located in Ce...

  • 1 Beds
  • 1 Baths
  • S1035128 MLS
  • Passage Point Bldg.
214 10 Mile  Circle Unit 404, Copper Mountain image
214 10 Mile Circle Unit 404, Copper Mountain $1,498,000

Relax in this spacious 1400 sq. ft. "Ski-in/Ski-out" 3 Bedroom 2.5 Bath condominium that Sleeps 8 people. Only 10 feet from the front door to the elevator! This residence...

  • 3 Beds
  • 3 Baths
  • S1033844 MLS
189 Ten Mile  Circle Unit 362, Copper Mountain image
189 Ten Mile Circle Unit 362, Copper Mountain $359,000

Beautiful condo with high vaulted ceilings, large new windows leading to spectacular mountain views. Completely remodeled from floor to ceiling including new paint, floor...

  • 1 Beds
  • 1 Baths
  • S1032431 MLS
1627 Ski Hill Rd. Unit 3024AB, Breckenridge image
1627 Ski Hill Rd. Unit 3024AB, Breckenridge $98,900 ▲

Ski Slope Living at a fraction of the cost! The Grand Colorado 8 offers the ultimate Breckenridge Resort experience with luxurious accommodations and amenities within a f...

  • 2 Beds
  • 3 Baths
  • S1032171 MLS
324 N Main N Street Unit 4, Breckenridge image
324 N Main N Street Unit 4, Breckenridge $899,000 ▲

Commercial/Residential Mix. 1008 Sq ft of commercial space on the lower level with a 480 Sq ft deed restricted Residential apartment upstairs. 2 assigned parking spaces...

  • S1017645 MLS

© 2022 Summit Association of Realtors. Information is provided exclusively for consumers personal, non-commercial use, that it not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed.

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