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Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More Home copy: Welcome Home copy: Services

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More LOCAL NEIGHBORHOODS 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

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More LOCAL NEIGHBORHOODS VALLEY BROOK 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. 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 ​ *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. ​

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More Affordable Workforce Housing is an issue in many communities throughout Colorado and is especially critical in resort communities. The Town of Breckenridge is taking a proactive approach to meet the needs of local employees, and is addressing the issue through a variety of tools and strategies. Providing affordable housing options for the local employees is vital in sustaining our community. The goal of the Breckenridge Workforce Housing Program is to insure that affordable housing is integrated throughout the community to provide a variety of housing options for the local workforce. To read more on the efforts and strategies, click here. ​ In 1988 the first dedicated workforce units were established in Breckenridge as a result of the Town’s newly adopted development code. The code is a combination of traditional zoning and performance zoning and incentivizes development that benefits the community such as deed restricted workforce housing. The early deed restrictions associated with these units were not very sophisticated and generally only prohibited the use of the properties for short-term rentals. As time went on the deed restrictions became more sophisticated incorporated elements such as the requirement of full-time work in Summit County and Income testing which are mechanisms designed to preserve the affordability of the homes over the long term and assure that they are being utilized by our local workforce. Over time, the Town has assessed the housing needs of the local community. The following reports outline the past and present housing needs while identifying best practices and strategies for providing more affordable housing options for the local workforce. BLOCK 11 HOUSING PLAN In late 2007, the Town Council endorsed a plan for local workforce housing on property commonly known as Valley Brook and Block 11. The plan allows up to 400 units to be developed on the Town owned property over the course of the next ten to twelve years. The housing will be developed in phases, the first of which will be located on the property commonly known as Valley Brook, just south of the Upper Blue Elementary School. In addition to housing, this project also created trail and transit connections along with pocket parks and recreational spaces through out. In the fall of 2016 the Town Council broke ground on Denison Placer portion of Block 11 which directly to the South of Colorado Mountain College's Campus to kick off two new projects: Denison Project I which will be for sale town houses and Denison Project II which will consist of studio and one bedroom rental units. To learn more about the vision plan for Block 11 click on the links below. Valley Brook / Block 11 Vision Plan ​ MCCAIN MASTER PLAN The next affordable housing neighborhood is located on a 4 acre parcel on the McCain property. The Town has hired a developer and the current plan is for 80 rental units with rents at or below 60% AMI. The McCain master plan identifies where housing is to be located along with other uses. This master plan was amended in 2018. McCain Master Plan ​ 2008 AFFORDABLE HOUSING ACTION PLAN This plan was endorsed by the Town Council in 2008 as an update to the 2000 Affordable Housing Strategy. The Plan establishes specific goals, actions, and targets. The primary goal of the plan is to insure that 900 additional workforce housing units (in addition to the 778 units already existing and/or authorized) are approved and/or constructed by the time the community reaches full build out. It is estimated that there will be over 10,000 jobs in the Town by build out and a target of 1678 housing units will insure that 47% of the employees working in Town could live in Town. 2008 Affordable Housing Action Plan ​ Town of Breckenridge Vision Plan This Town of Breckenridge Vision Plan was created in 2002 and focuses on preserving and enhancing its heritage as a small town, while putting diversity and individual freedom of expression on the forefront. To read more about this plan, click on the links below. Full Vision Plan Vision Plan Poster 2000 AFFORDABLE HOUSING STRATEGY This policy document describes the housing needs of the community which consist of both ‘catch up’ or ‘keep up’ needs. Catch up needs are generally current housing shortages and deficiencies such as overcrowding and unaffordability. Keep up needs are generally new housing needs associated with new development. The Strategy outlines specific tools to address the different types of workforce housing needs. This Strategy also established the Towns' Affordable Housing Annexation Policy, which has been particularly effective in creating neighborhoods such as Wellington Neighborhood, Vista Point, Gibson Heights, and Vic’s Landing. 2000 Affordable Housing Strategy SUMMIT COUNTY HOUSING NEEDS ASSESSMENTS: The goal of these studies is to identify the existing workforce housing needs and to forecast future needs, both for ‘homeownership’ and ‘rental’ units. The studies takes into account the changing demographics, aging population, retirees, local wages, jobs, and market conditions to project the future demand and supply. This updated information will help guide workforce housing policies and programs at County level as well as the municipal levels. In the 2020 Summit County Needs Assessment , Breckenridge's projected housing need for 2023 is an additional 1,171 units (841 sale, 330 rental). The NEED today is likely much higher as the study was done before the pandemic which accelerated many factors (market conditions, influx of remote workers, unprecedented price escalation) and notable migration of locals leaving due to housing and financial stress. BRECKENRIDGE FIVE-YEAR BLUEPRINT Breckenridge Projects More Than $300 Million Invested in Local Workforce Housing in Next Five Years . Read full Five-Year Blueprint here . ​ 2013 FINAL REPORT 2016 FINAL REPORT 2019 FINAL REPORT 2023 FINAL REPORT ​ Background and Reports

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More REQUEST FOR PROPOSALS (RFP) / BIDS Start Date: 04/29/2022 Close Date: 06/06/2022 4:00 PM ​ Please direct all inquiries concerning this request to melaniel@townofbreckenridge.com For more information, including the full request, please CLICK HERE . The Town of Breckenridge is requesting proposals from well qualified planning, design, and development teams who have the capacity and expertise to assist the Town in planning, design, entitlements, and construction of workforce housing on Town-owned property. This property is generally referred to as the Stillson Property, located at 710 Wellington Road. ​ The Town expects that the development of this 12 acre site will need to be phased. The Town is interested in developing the first phase of this Property for housing as soon as possible with the balance of the Project at a later date. A map is included in the RFP that shows the site as well as surrounding land uses including the Wellington Neighborhood/Lincoln Park to east, Vista Point Neighborhood to the north, Xcel Substation and residential to the west, and open space to the south. It is important that development on this Property be compatible with the surrounding land uses. ​ The Town believes that a ‘for sale’ development/neighborhood providing affordable home ownership opportunities for local households in single family, duplex, or multi-family configuration would be the best use for this property. The Town is open to considering a variety of housing proposals and types, such as cluster housing. The incorporation of accessory dwelling units the Project is encouraged. It is the intent of the Town to collaborate with a team to design and possibly build a neighborhood on the Stillson property that serves the needs of local working households while complementing the community, promoting sustainability, and elevating/exceeding the expectations for deed restricted housing. The property is currently subject to Land Use District 15 and Land Use District 1, but the Town is open to amending the Land Use District to accommodate reasonable density on this site. Ideally, the Town would like to target 80-120% AMI households in at 6-10 UPA. The Town desires an efficient layout to maximize the number of units based on a fit test. ​ ​ ​ ​ ​ ​ RFP StillsoN Placer

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More ​ The Breckenridge Town Council has authorized staff to implement a Housing Helps program to help locals access affordable housing. In addition to the on-going construction of new units and the traditional buy downs, the Town launched Housing Helps, a deed restriction acquisition program. The goal is to incentivize current homeowners and real estate buyers to deed restrict their market rate property to help maintain and sustain homes for locals in the community. Under the program the Town will pay owners, buyers, and local businesses 15-30% in return for a deed restriction on homes that are currently unrestricted. The amount that will be paid for a deed restriction will vary depending on the market and the request for either the light or full deed restriction. Recipients may use the funds for down payment, home repairs, special assessments, etc. In return, the recipients are required to execute a deed restriction that will insure the property is used for local workforce housing. Home copy: Welcome Home copy: Services HOW TO APPLY To submit an application for a property to the Housing Helps Program, please click here! FAQS Program Information: click here. What is this Program? This is a deed restriction acquisition program approved by the Breckenridge Town Council to incentivize property owners, buyers and local businesses to accept a use restriction on their property. The goal is to preserve and support the community by insuring there are a variety of housing options for our local workforce. ​ Who is Eligible? Anyone who owns or i ntends to purchase a property in the Upper Blue Basin-from Farmers Corner to Hoosier Pass. This includes individuals, businesses, and investors. ​ Can I Deed Restrict a Property with a First Right of Refusal? In some cases, the Town may not be able to obtain a deed restriction on these properties, so please check with Town staff to determine if a specific property is eligible for this program. ​ Why Should I Consider Deed Restricting My Property? The Towns goal is to help locals stay in the community where they can live, work, play, and raise their families. The most recent Housing Needs Assessment indicates there is a significant shortage of housing to serve the needs of local families and employees. This impacts the ability of businesses to recruit and retain employees and provide the products and services needed. The lack of housing also impacts the character of our community when locals are unable to live in the community where they work. By deed restricting your property you are helping Breckenridge retain a variety of housing options for locals. You may use the proceeds that you received from the Town in return for the deed restriction for any purpose. ​ What is a Deed Restriction? This deed restriction is an agreement that restricts the use of your property in perpetuity. In return for the payment from the Town, the deed restriction will be recorded in the County records. Because the deed restriction will restrict how the property may be used, it is likely that the future value of the property will be impacted by the deed restriction. ​ What are the Key Terms of the Deed Restriction? The key terms of the light deed restriction (15-19%) include: The property must be occupied as a primary residence by a person employed a minimum of 30 hours (no remote work) a week in Summit County. The property may not be used as a seasonal home, vacation home, or as a short term rental. The key terms of the full deed restriction (20-30%) include: The property must be occupied as a primary residence by a person employed a minimum of 30 hours (no remote work) a week in Summit County. The property may not be used as a seasonal home, vacation home, or as a short term rental. The property will be subject to a 3% appreciation cap. ​ ​ Unlike some other deed restricted properties these units will not be subject to income caps. Retirement in these properties may be permitted subject to the Towns retirement policies for deed restricted units. Please refer to our most curren t guidelines for more information. ​ What Happens to the Deed Restriction When I Sell the Property? The deed restriction will remain with the property in perpetuity and future owners will be subject to the same restricted use. ​ Can I Use a Realtor? Yes, you are strongly encouraged to use a Realtor to assist in the acquisition or sale of any property. Please advise your Realtor if you intend to utilize Housing Helps funds in the acquisition of a property. Many local Realtors are familiar with the Housing Helps Program and can assist with the process. ​ Is There a Real Estate Transfer Tax (RETT)? All properties within the Town of Breckenridge are subject to a 1% Transfer Tax at the time of acquisition/sale. The Housing Helps Light Deed Restriction does not restrict or limit the sale price and therefore properties that have opted for the light deed restriction will not be exempt from the Transfer Tax. The Housing Helps Full Deed Restriction does have an appreciation cap which limits the future sale price and therefore properties with the full deed restriction are exempt from the Transfer Tax. ​ Can I Rent My Property or Use it as an Investment? Yes, you may rent a property that is subject to this occupancy restriction provided the occupant meets the employment requirement. ​ Are There Tax Implications Associated With the Payment I Received? You should check with your financial or legal advisor as the Town can not provide any financial or legal advice. Under this program the Town is acquiring a deed restriction from you and the Town will not issue a 1099 for the proceeds that you receive. ​ Are There Local Lenders Familiar With the Housing Helps Program? Yes, you may use a lender of your choice but please confirm they will loan subject to the Town of Breckenridge Housing Helps Deed Restriction. We have been in communication with local lenders including 1st Bank, BOK Financial, Bank of England and Alpine Bank, and they are familiar with the program. ​ How Much Money Will I Receive? Every property is different and there is no set amount that the Town will pay for a deed restriction. The value will vary depending on the size of the unit, the location of the unit, the proximity to jobs and/ or transit, how well the unit meets the housing needs within the community, and the type of deed restriction requested. The Town may compare other similar properties or may review appraisals or other information from real estate professionals to determine a reasonable and acceptable price. ​ If my Application is Accepted When Will I Receive the Payment? Once an agreement is reached, funds are generally available within 3-4 weeks. ​ QUESTIONS? If you have any questions regarding Housing Helps, please contact Darci Henning at 970.547.4303 or at DarciH@townofbreckenridge.com

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More ​ BUY DOWNS The Town’s Buy Down program purchases homes that are for sale, places a local workforce restriction on the property, and sells the home at a reduced price. Due to the high housing market, the average cost for a buy down has increased 154% from 2019 to 2021. For more information, click here . ​ HOUSING HELPS (Deed Restriction acquisition) Under Housing Helps the Town pays owners, buyers, sellers, including local businesses and investors to accept a deed restriction on homes that are currently unrestricted. On average Housing Helps is a $130,000 investment by the Town per unit. To find out more information and how to apply, click here. Programs

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More 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

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More LOCAL NEIGHBORHOODS 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. 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

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More Block 11 The Block 11 project is underway and consists of 27 deed-restricted, one-bedroom rental units across three buildings on Dredge Drive, off of Floradora Drive near Blue52 and Coto Flatts. The units will be across three buildings and each unit will come with a carport. To better align with Breckenridge environmental stewardship goals, the development will be completely net-zero, meaning fully powered by renewable energy! Block 11 construction is underway and project completion is scheduled for January 2023. ​ Photos taken on May 17, 2022, and features roofing construction that will hold future solar panels. Block 11 is a net-zero project that follows Breckenridge's destination sustainability goals. ​ All programs , projects and strategies of Breckenridge Housing are funded by our community and guests through voter approved county-wide taxes (.0125% and .6%), development impact fees, grants secured by housing staff and, as of January 1, 2022, a short-term rental fee . ​ To learn more around funding CLICK HERE . ​ ​ ​ Block 11

Home Programs & Accomplishments Pipeline Projects Resources & Reports Neighborhoods Forms NEWS Search Results More resources & contact GENERAL INQUIRIES For general deed restricted housing inquiries, please contact tobhousing@townofbreckenridge.com. ​ Workforce housing rules and regulations For more information on the updated workforce housing rules and regulations that were put into affect October 11th, 2022, click here . The Housing Division is authorized pursuant to the Town of Breckenridge Code. ​ Summit County Housing Authority To find out if you qualify to purchase a home or for information regarding a resale price, please contact the Summit Combined Housing Authority at (970) 668-4172. To request a resale calculation, please complete the online form here . Are you thinking of purchasing a home? It can be a complicated process, even for homes without restrictive covenants. Visit SummitHousing.us for more on how to prepare to buy a home. ​ CORUM To find out information regarding apartment rentals in Breckenridge, please call 970.547.4433. Properties include: Pinewood I, Pinewood II, Denison Commons, COTO Flats, and Huron Landing ​ FIRC The Family and Intercultural Resource Center is a local non-profit that is a great resource for a wide range of community needs. Please click here to find out more information about this program and other resources potentially available including unemployment, food assistance, medicaid, and other relief programs. ​ BRECK TERRACE Breckenridge Terrace is located on Airport Road, providing rental housing to Vail Resort Employees. For more information please call (970) 453-4760. ​ HIGH ROCKIES CRAIGSLIST Many housing opportunities are located on the High Rockies Housing Craigslist page. To view what is available click here . ​ SUMMIT DAILY The Summit Daily is another great place to look for housing. To view the online version of today's paper click here . ​ Facebook There are many pages on Facebook that list housing opportunities coming online. To see what is available click here ​ ​ ​ Home copy: Welcome Home copy: Services CONTACT US Tel. 970.547.3107 P.O. Box 168 Breckenridge, CO 80424 VISIT US 150 Ski Hill Road Breckenridge, CO 80424 Monday - Friday 8:00 - 5:00 TELL US Submit Thanks for submitting!