The Eagle County Housing and Development Authority is rolling out Good Deeds Phase II, a significant expansion of the Good Deeds program launched in 2021 to address the rising cost of housing in Eagle County.
Since the program’s inception, the median home sales price in Eagle County has increased to $1.6 million. Phase II increases the program’s maximum purchase price from $850,000 to $1.25 million, providing greater access to homeownership while preserving long-term housing affordability for residents.
In addition to increasing the maximum purchase price, Phase II introduces the Community Partner Program, a collaborative initiative to increase funding and support for homeownership in Eagle County. Through this program, ECHDA will partner with communities and organizations to provide additional resources for affordable housing. The town of Avon is the first to join this program.
Community Partner Program
Through the Community Partner Program, the Eagle County Housing and Development Authority will make a payment equal to 15% of the purchase price of an eligible property, with an additional 15% payment provided by the partnering organization. This combined 30% investment, capped at $375,000, makes homeownership more attainable for residents and the workforce while ensuring accessible homeownership opportunities for generations. This program is exclusively available for open market properties in Eagle County and utilizes price-capped deed restrictions to ensure long-term affordability for locals.
Good Deeds Avon
In collaboration with the Eagle County Housing and Development Authority, Avon launched Good Deeds Avon to provide its residents an additional 15% toward the purchase price of eligible properties, matching the Eagle County Housing and Development Authority payment. This partnership, which mirrors the structure of the newly created Community Partner Program, provides Avon residents with a combined 30% buy-down on eligible properties, making homeownership more attainable and accessible.
Like Eagle County Good Deeds, Housing Eagle County and The Valley Home Store will administer Good Deeds Avon. The deed restriction is perpetual, ensuring long-term affordability for local residents.
Interested buyers should locate an eligible property and complete an application, including a purchase and sale agreement, proof of employment in Eagle County, photo ID and a pre-qualification letter from a local lender. Applications are processed on a first-come, first-served basis, subject to available funds.
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Good Deeds Phase II Highlights
- Open to eligible households throughout Eagle County.
- Buyers must use the property as their primary residence.
- Maximum purchase price of $1.25 million.
- ECHDA payment for price capped deed restriction 15% of purchase price.
- ECHDA payment for resident occupied deed restriction: 5% of purchase price.
- A minimum of 3% of the purchase price must be contributed by the buyer.
- Eligible for the Eagle County Loan Fund’s Down Payment Assistance program on properties priced at $850,000 or less.
- Community Partner Program for regional collaboration and increased affordability.
- New construction program with criteria for buyers and developers.
Good Deeds Avon highlights
- Open to eligible households within Avon.
- Buyers must use the property as their primary residence.
- Maximum purchase price of $1.25 million.
- ECHDA and town of Avon total payment for price capped deed restriction: 30% of purchase price.
- The buyer must contribute a minimum of 3% of the purchase price.
- Eligible for Eagle County Loan Fund’s Down Payment Assistance program on properties priced at $850,000 or less.
For more information about Good Deeds Phase II, Good Deeds Avon, or the Community Partner Program, visitHousingEagleCounty.comor contact The Valley Home Store at 970-328-8700.
