LOCAL NEIGHBORHOODS
BLUE 52
The most recent development constructed by the Town of Breckenridge Housing Authority, Blue 52 is a land banked project that cost approximately $16.4 million. Land was also contributed and not included in the cost. Approximately $460,000 PIF and planning fees were waived.
Neighborhood Summary:
# of Units: 52
Density: 9.2 UPA
Type: 1-, 2-, and 3-bd Townhomes
Occupancy: Owner Occupied
Initial Pricing: $203,000-$515,000
AMI Target: 80%-120% AMI
Neighborhood Amenities: Rec Path, Proximity to Parks,Trails, Public Transit
Construction Complete: 2018
Covenant Summary:
Employment: 30+ hours per week in Summit County
Income Limits: 110% - no limit
Assets: cannot exceed $225,000. Exempt assets include primary residence equity, retirement accounts, health savings and college savings accounts.
Property: Not allowed to own other property in Summit County
Appreciation Limit: 2% fixed per year
Commission: 0.5%-1% of sale price
Capital Improvements: 10% of initial purchase price
Retirement: Partial retirement at age 60 - Full retirement at age 65
Rent: No Short Term Rental Allowed. Owners can rent rooms to qualified tenants
