Everything Buyers & Sellers Need to Know About Breckenridge's Housing Helps Program

What is Breckenridge’s Housing Helps Program?

Housing Helps is a program aimed at addressing housing affordability and accessibility for local residents in Breckenridge. The program works with homebuyers and investors to develop and preserve affordable housing opportunities through their deed restriction acquisition program, ensuring that Breckenridge remains a vibrant and inclusive place to live for residents of all income levels.

How does Housing Helps work?

The Housing Helps program works by offering homebuyers and investors the ability to place a restriction on the deed of an existing or new property in exchange for a percentage of the property’s price. Location and property type is subject to the approval of the Town of Breckenridge Housing Helps Program.

What is a Deed Restriction?

A deed restriction is a legal agreement that regulates the use or occupancy of a property.

Types of Deed Restrictions

Housing Helps offers two types of deed restrictions that set parameters around the maximum resale prices and occupancy requirements. These distinctions help tailor the program to different needs and circumstances, offering varying levels of affordability and flexibility.

Light Deed Restriction

Up to 19% of the property's purchase price.

The property must be occupied by someone who works at least 30 hours per week in Summit County.

The property can be long term rented to a tenant who meets the 30 hours per week requirement.

The property is not allowed to be used as a seasonal home, vacation home, or short-term rental.

There is no appreciation cap on the resale value.

Full Deed Restriction

Up to 30% of the property's purchase price.

The property must be occupied by someone who works at least 30 hours per week in Summit County.

The property can be long term rented to a tenant who meets the 30 hours per week requirement.

The property is not allowed to be used as a seasonal home, vacation home, or short-term rental.

3% appreciation cap on the resale value.

*Program conditions can vary, please speak with your Broker for more detailed information.

Who is Eligible for the Housing Helps Program?

Individuals, investors, and local businesses who already own a property or intend to purchase a property in the Upper Blue Basin, from Farmers Corner to Hoosier Pass. There is no income cap included in eligibility requirements.

Breckenridge’s Housing Helps Program for Sellers

Sellers can use Breckenridge’s Housing Helps Program to deed restrict their property prior to listing it for sale. This approach can not only help address the local housing affordability issue but also increase the chances of a quicker sale due to heightened demand, benefiting both sellers and the community.

Accomplish Your Real Estate Goals with Housing Helps

Breckenridge’s Housing Helps Program offers a unique opportunity to both buyers and sellers in our community. For buyers interested in purchasing a home in Breckenridge, Housing Helps makes finding a property that meets your needs and budget more accessible. For sellers, utilizing the Housing Helps Program can be a strategic way to price your home and sell faster, especially when the market slows down and competitive pricing becomes even more essential to a successful sale.

Working with a local Broker experienced in Breckenridge’s Housing Helps Program is crucial. The Brokers at Breckenridge Associates Real Estate possess in-depth knowledge of the local real estate market, including the intricacies of the program and its requirements, and how it impacts property values and market dynamics. Their familiarity with the community and network of contacts can expedite both the buying and selling process, making transactions involving Housing Helps smoother and more efficient.

To speak with one of the Brokers at Breckenridge’s top selling office about your real estate gorals, call Breckenridge Associates today at 970-453-2200 or reach out directly to your Broker.