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What is a Deed-Restriction?

Deed-Restrictions are stipulations written into a deed of a property and recorded as a restrictive covenant. Each restrictive covenant is unique to the property. Summit County’s main goal is to help workforce housing so almost all restrictive covenants include the restriction of working 30+/hrs a week in the county. 

How does it Work? Where?

Great Question, they are all different! If you’re looking to buy or sell a deed-restricted property, each restriction is unique, please reach out for guidance on how to proceed for your specific situation. Deed-Restricted Properties are all over Summit County! Below are a few neighborhoods highlighted. There are many more deed restricted neighborhoods as well as homes. 

Stables Village 

New construction project in Breckenridge! Aimed to address needs for middle class families. 

+ Proof of working 30 hours / week in Summit County (1 Lottery Entry)

+ Prequalifi cation letter from mortgage lender 

+ Proof of working in the Upper Blue Basin (1 extra lottery entry)

+ Proof of living or working in Summit County for 10 years or longer

(1 extra lottery entry)

Smith Ranch

Neighborhood located in North Silverthorne. All construction phase

homes have been accounted for but re-sales are starting to pop up!  

+ Live/Work in Silverthorne Priority for 1st lottery

+ Work 30+hrs/wk in Summit County

+ Income limits 80-120% AMI with buyer and property dependent

+ Appreciation Limit: 2%/year 

+ 10 Day application period from time home hits the MLS 

Basecamp Shops+Residences 

Studio units with tons of extra storage located in Frisco near Public

Transportation, Shops, Grocery Stores, and Restaurants. 

+ Proof of working 30 hours / week in Summit County (1 Lottery Entry)

+ Prequalifi cation letter from mortgage lender 

+ Proof of working in the Upper Blue Basin (1 extra lottery entry)

+ Proof of living or working in Summit County for 10 years or longer

(1 extra lottery entry)

Housing Helps

The Housing Helps program is an acquisition program

aimed to help locals purchase a market rate home and

add a deed-restriction to the home in exchange for

funds. The amount the county will pay varies on the level

of deed-restriction, the market, and how well the home

meets the needs of the community. If these homes come

up for re-sale, the majority of them are open to investors

as long as the tenant meets the requirement of working

30+/hrs/wk and no appreciation cap. All restrictions are

different so reading the home’s specific covenant is the

best route to learn more. 

Contact

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