The Town of Breckenridge has been successful in using a variety of techniques to achieve our housing goal.  By providing incentives including free density, annexation fee waivers, no plant investment fees for water service, building permit fee waivers, real estate transfer tax exemption, and positive points for other non-workforce housing projects.  In addition to these tools, the town has worked in private public partnerships to develop approximately 75% of the existing deed restricted housing. In addition to these neighborhoods, there are over 116 individual units dispersed in Town that are subject to deed restriction.  For a comprehensive look at deed restricted properties in Summit County click here. 

The Town of Breckenridge does not keep a waitlist for these neighborhoods and does not act as a broker for real estate transactions. If you are interested in being placed on a rental property waitlist, please contact Corum at 970.547.4433. If you are interested in purchasing a deed restricted property, please contact 970.389.1321 and view some available deed restricted properties here

*Please note that the Town of Breckenridge conducted a deed restriction change option for owners in the Gibson Heights, Maggie Placer, Valley Brook, and Vic's Landing Neighborhoods. The goal of this deed restriction change option was to amend issues in some older housing covenants and the create more equity among deed restricted neighborhoods.  If a property in one of these neighborhoods has changed to the amended and restated version of the housing covenant, the please refer to the Blue 52 Covenant Summary for the property's covenant term summary.  If you are in one of these neighborhoods and have not changed your deed restriction and would like more information, please contact tobhousing@townofbreckenridge.com.

HOUSING PROJECT LOCATIONS

IN THE UPPER BLUE BASIN

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 Transi

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

BRECKENRIDGE

TERRACE

Vail Resorts developed Breck Terrace to primarily serve their seasonal employees.  As the developer builds 
in other areas throughout town, more units at Breck Terrace are deed restricted.  

Neighborhood Summary:

 # of Units: 180 employee housing units, 119 are deed restricted Density: 15.2 UPA

Type:  1-bd & 2-bd Apartments

Occupancy: Renter Occupied

Neighborhood Amenities: Proximity to Rec Path, Public Transit, Volleyball Courts

Restriction Summary:

Occupancy:  Summit County 

Employee - Seasonal Allowed

Rent:  No short-term rental.  Rated range, but serve below 60% AMI

Master Lease:  Allowed

COTO FLATS

Neighborhood Summary:

 # of Units: 18
Density: 18 UPA
Type:  1-bd Apartments
Initial Rent: 80% AMI
Occupancy: Renter Occupied 
Neighborhood Amenities: Proximity to Rec Path, Public Transit, On-Site Gear Storage
Construction Complete: 2018

Restriction Summary:

Occupancy:  Town of Breckenridge & Summit County Employees
Rent: No Short Term Rental Allowed.  
Master Lease:  Allowed

Neighborhood Summary:

 # of Units: 30
Density: 30 UPA
Type: Studio & 1-bd Apartments
Initial Rent: 70%-80% AMI
Occupancy: Renter Occupied 
Neighborhood Amenities: Proximity to 
Rec Path, Public Transit, On-Site Gear Storage
Construction Complete: 2017

Restriction Summary:

Occupancy:  Available to Colorado Mountain College Students 
Rent: No Short Term Rental Allowed.  
Master Lease:  Allowed

Neighborhood Summary:

 # of Units: 15 employee requirement & no short-term rental, 
20 no short-term rental only

Density: 4.8 UPA
Type: Single Family 
Occupancy: Owner  Renter Neighborhood Amenities: Proximity to Rec Path & Public Transit

Covenant Summary:

Occupancy: 30+ hours per week in Summit County (15 units)
Rent: No Short Term Rental Allowed

The Town of Breckenridge Housing Authority developed COTO Flats on vacant land banked property.  The Town and County are joint owners of this project to house Town and County employees. This project cost $4.2 million plus land and on-site infrastructure and was funded by the Town’s Housing Fund.  This project received approximately $172,000 in PIF and planning fee waivers. 

Farmers Grove is located in unincorporated Summit County.  The developer executed a Water Service Agreement with the Town to access the Town’s water.  In return, all 35 units are subject to a no short-term rental restriction, with 15 subject to employment requirements. 

FARMERS GROVE

The Town of Breckenridge developed Denison Commons on a vacant land banked site.  This  project is now owned by Colorado Mountain College and serves primarily as student housing.  This project cost $5.8 million and was funded by the Town’s Housing Fund.  This project received approximately $250,000 in PIF and planning fee waivers. 

DENISON

COMMONS

Neighborhood Summary:

 # of Units: 40 restricted

Density: 6.5 UPA

Type: Townhouse and Single Family

Occupancy: Owner Occupied 
Initial Pricing: $150,000-$207,000
AMI Target: 80% AMI
Neighborhood Amenities: Rec Path, Trails, Public Transit
Construction Complete: 2004

Covenant Summary:

Employment: 30+ hours per week in Summit County
Income Limits: None
Property: Cannot own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date, whichever is less
Commission: 3% of sale price
Capital Improvements: 15%  of initial purchase price
Retirement: Partial retirement at age 55, Full retirement at age 65
Rent: Yes, but must be Owner Occupied

Gibson Heights was developed privately as a part of an annexation agreement with the Town.  The site was vacant dredge rock in unincorporated Summit County.  Approximately $200,200 in PIFs and Planning Fees were waived.

GIBSON 
HEIGHTS

Neighborhood Summary:

 # of Units: 26

Density: 17 UPA

 Type: 2bd Apartments

 Occupancy: Renter Occupied 
Initial Pricing: $1,550-$1,700 (90% AMI)
Neighborhood Amenities: Proximity to trail and rec path, on-site gear storage,  on-site public transit
Construction Complete: 2017

Restriction Summary:

Employment: 30+ hours per week in Summit County
Income Limits: 180% AMI

 

Huron Landing was developed in partnership with Summit County and the Town of Breckenridge.  The County provided the land that  was being used as a storage yard and the Town financed the project through Certificate of Participation (COP) financing.  The total cost of the project was $8.5 million with  approximately $210,000 PIFs and planning fees waived. 

HURON

LANDING

Neighborhood Summary:

 # of Units: 36
Density: 15.3 UPA
Type: Townhomes
Occupancy: Owner or Renter Neighborhood Amenities: Proximity to Rec Path, Trails, & Public Transit

Covenant Summary:

Rent: No Short Term Rental Allowed

Kenington Townhomes was recently annexed into the Town of Breckenridge.  The developer executed a Water Service Agreement with the Town to access the Town’s water.  In return, the units are subject to a no short-term rental restriction. 

KENINGTON

TOWNHOMES

Neighborhood Summary:

 # of Units: 9 restricted 8 market

Density: 9.3 UPA

 Type: 1bd & 2bd Townhomes 

Occupancy: Owner Occupied 
Initial Pricing: $175,000-$295,000
AMI Target: 80%-100% AMI
Neighborhood Amenities: Trails, Public Transit
Construction Complete: 2015

Covenant Summary:

Employment: 30+ hours per week in Summit County
Income Limits: 80%-100% AMI
Property: Cannot own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date, whichever is less
Commission: None
Capital Improvements: 10%  of initial purchase price
Retirement: Full retirement at age 65
Rent: No Short Term Rental Allowed.  Owners can rent rooms to qualified tenants

Maggie Point was developed privately as a part of an annexation agreement with 
the Town.  The site was vacant land in unincorporated Summit County. Approximately $70,000 in PIFs and Planning Fees were waived.

MAGGIE

POINT

Neighborhood Summary:

 # of Units: 13
Density: 5.8 UPA
Type: Townhomes
Occupancy: Owner or Renter 
Neighborhood Amenities: Proximity to Rec Path, Trails, & Public Transit
Completed: 1996

Covenant Summary:

Employment: 30+ hours per week in Summit County
Property: Can own other property
Appreciation Limit: 5% per year or the change in AMI from year of purchase to sale date, whichever is less
Commission: 7%
Capital Improvements: 10%  of initial purchase price
Retirement: Partial retirement at age 55 only
Rent: No Short Term Rental Allowed.  Owners can rent rooms to qualified tenants

Monarch Townhomes is located in unincorporated Summit County.  The developer executed a Water Service Agreement with the Town to access the Town’s water. PIF fees valued at approximately $70,000.  In return, the units are subject to a housing covenant.

MONARCH

TOWNHOMES

Neighborhood Summary:

 # of Units: 16 rent restricted, 16 no 
short-term rental
Density: 24 UPA
Type:  1-bd & 2-bd Apartments
Initial Rent: 85% AMI
Occupancy: Renter Occupied 
Neighborhood Amenities: Proximity 
to Rec Path, Public Transit

Restriction Summary:

Occupancy:  16 units require 30+ hours per week of employment in Summit County.  
Rent: 16 units at 85% AMI rental rates. No Short Term Rental Allowed.  
Master Lease:  Allowed.

This project is was developed by the private sector.  A development agreement was crafted with the developer and the Town where the Town contributed land and waived fees in return for deed restricted units.  This project received approximately $150,000 in PIF and planning fee waivers.  The owner will control the management of the property and select the tenants are as long as they meet the employment requirements in one of the rent restricted units. 

MOOSE 

LANDING

Neighborhood Summary:

# of Units: 74

Density: 18 UPA

 Type: 1-, 2-, & 3-bd Apartments

 Occupancy: Renter Occupied 
AMI Target: Must average 83.75% AMI
Neighborhood Amenities: Trails, Public Transit, Garages for Rent, Playground
Construction Complete:  1996

Restriction Summary:

Income Limits: 50%-100% AMI

Property: Cannot own other property

Rent: No Short Term Rental Allowed.  

Master Lease:  Not Allowed

PINEWOOD

VILLAGE 1

The land that Pinewood 1 was developed on is under a land lease between the Town and the developer who utilized LIHTC and currently manages the project.  After 50 years, the land will be returned to the Town.  This project received approximately $350,000 in PIF and planning fee waivers.  When units become available, applicants from the wait-list who meet the income criteria are selected.  The property is currently operated by Corum Real Estate Group.

Neighborhood Summary:

 # of Units: 45

Density: 15 UPA

 Type: Studio & 1bd Apartments

 Occupancy: Renter Occupied 
AMI Target: 60% AMI
Neighborhood Amenities: Trails, Public Transit, On-Site Gear Storage
Construction Complete: 2016

Restriction Summary:

Income Limits: 60% AMI
Property: Cannot own other property

Rent: No Short Term Rental Allowed

Master Lease:  Not Allowed

Pinewood 2 was developed on land that was part of a land trade with the National Forest Service.  The project was constructed by an LLLP that the Breckenridge Housing Authority participated in.  The project received 4% LIHTC and cost $9.7 million.  Approximately $335,000 in PIFs and Planning Fees were waived.  When units become available, applicants from the waitlist who meet the income criteria are selected.  The property is currently operated by a Corum Real Estate Group. 

PINEWOOD

VILLAGE 2

Neighborhood Summary:

 # of Units: 41 Deed Restricted 
Density: 5.9 UPA
 Type: 2bd and 3bd Townhomes
 Occupancy: Owner Occupied 
Initial Pricing: $165,000-$328,000 
AMI Target: 80%-120% AMI
Neighborhood Amenities: Park, Rec Path, Public Transit, Solar Panels
Construction Complete: 2011

Covenant Summary:

Employment: 30+ hours per week in 
Summit County
Income Limits: 80% - 120% AMI
Property: Not allowed to own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date, whichever is less
Commission: 2% of sale price
Capital Improvements: 10%  of initial purchase price
Retirement:  Full retirement at age 65

Rent: No Short Term Rental Allowed.  Owners can rent rooms to qualified tenants

Town of Breckenridge served as the developer.  The land was land banked by the Town for housing.  This project was funded by Division of Housing grants and the Town of Breckenridge.  The total project cost was $11.4 million with approximately $281,959 waived in PIFs and planning fees.

VALLEY 

BROOK

Neighborhood Summary:

 # of Units: 24 restricted 24 market

Density: 9.2 UPA

 Type: Condo

 Occupancy: Owner Occupied 
Initial Pricing: $185,000-$255,000
AMI Target: 80%-100% AMI
Neighborhood Amenities: Trails, Public Transit
Construction Complete: 2009

Covenant Summary:

Employment: 30+ hours per week in Summit County
Income Limits: 80%-100% AMI
Property: Cannot own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date, whichever is less
Commission: None
Capital Improvements: 10%  of initial purchase price
Retirement: Full retirement at age 65
Rent: No Short Term Rental Allowed.  Owners can rent rooms to qualified tenants

Vic’s Landing was developed privately  as a part of an annexation agreement with the Town.  The site was vacant open space in the unincorporated Summit County.  Approximately  $139,000 in PIFs and Planning Fees were waived.

VICS

LANDING

VISTA

POINT

Vista Point was developed privately as a part of an annexation agreement with the Town.  The site was vacant dredge rock in unincorporated Summit County.  The developer constructed both Vista Point and Gibson Heights.  Also included was a dedicated park and childcare center.  Approximately $105,000 in PIFs and Planning Fees were waived.

Neighborhood Summary:

 # of Units: 18 Restricted, 39 Market
Density: 5.1 UPA
Type: Single Family, Duplex, Triplex
Occupancy: Owner Occupied 
Initial Pricing: $233,000-$450,000
AMI Target: 120% AMI
Neighborhood Amenities: Rec Path, 
Childcare Center,Trails, Public Transit
Construction Complete: 2004

Covenant Summary:

Employment: 30+ hours per week in Summit County
Income Limits: None
Property: Can Own Other Property 
Appreciation Limit: The sum of the change in AMI, using 3% whenever the change is less than 3%
Commission: 7% of sale price
Capital Improvements: 15%  of initial purchase price
Retirement: Partial retirement at age 55, Full retirement at age 65
Rent: Yes, but must be Owner Occupied

WELLINGTON&LINCOLN PARK

Private Development on existing vacant land.  The property was primarily dredge rock located in unincorporated Summit County.  Through annexation, the Town  required 80% of the units developed be deed restricted and 20% market.  In return, the developer yielded greater densities. Approximately  $2,750,000 Water Plant Investment Fees(PIFs) and planning fees were waived.   

Neighborhood Summary:

# of Units: 226 Restricted, 56 Market  Density: 4 UPA
 Type: Single Family, Duplex, & Triplex
 Occupancy: Owner Occupied 
Initial Pricing: $177,000-$519,000
AMI Target: 80%-120% AMI
Neighborhood Amenities: Parks,Trails, Public Transit
Construction Complete: Phased 2001-2018

Covenant Summary:

Employment: 30+ hours per week in 
Summit County
Income Limits: 80% - 150% AMI
Owners are allowed to own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date
Commission: 3-7% of sale price
Capital Improvements: 10% - 15% of initial purchase price
Retirement: Partial retirement at age 55 - Full retirement at age 65
Rent: No Short Term Rental Allowed.  Owners can rent rooms to qualified tenants

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