Housing Programs
Bold Housing Moves for a Brighter Future!
Eagle County and the Eagle County Housing and Development Authority (ECHDA) acknowledge the persistent challenges in the local housing market, worsened by increased demand for homes, significant price increases, scarce inventory, and the ongoing trend of remote work and migration to rural resort mountain areas, attracting more cash buyers. These dynamics have significantly burdened local buyers and renters.
In response, the Board of County Commissioners has approved "Bold Housing Moves," a comprehensive suite of programs designed to assist local buyers, renters, and homeowners in overcoming the enduring housing crisis. Our mission is to elevate the community through mentorship and housing solutions that address the wide-ranging needs of our residents.
Our programs are specifically designed for three main groups: Homebuyers, Renters, and Homeowners. These initiatives are intended to provide tangible support and relief, ensuring that the residents of Eagle County have access to affordable and sustainable housing options.
Programs for Homebuyers
Eagle County Good Deeds: A buy-down program aimed at increasing the availability of deed-restricted homes for sale. This initiative supports individuals who make Eagle County their permanent residence, ensuring they have access to affordable homeownership options.
Down Payment Assistance: Introduced in 1998, the Down Payment Assistance (DPA) Program helps make homeownership more accessible by assisting entry-level homebuyers with one of the greatest barriers to purchasing a home: the down payment. This program broadens homeownership access to a wider range of residents in Eagle County.
Programs for Renters
Rental Funds: This program provides assistance to locally employed, full-time, year-round renters starting a new 12-month lease within Eagle County. It's designed to support the stability of our local workforce by making rental housing more accessible.
Eagle County Homeless Services: Dedicated to offering engagement, support, and resources for our unsheltered community members. This program aims to raise awareness of homelessness's challenges and impacts, providing a pathway towards stability for affected families and individuals.
Programs for Homeowners
Aid for ADUs: A loan program that assists homeowners in constructing or converting existing spaces into Accessory Dwelling Units (ADUs), where permitted. This initiative encourages the creation of more affordable housing options within the community.
Lease to Locals: An innovative program that generates new long-term rental opportunities for Eagle County's local workforce. Property owners receive one-time cash incentives to convert their vacant or short-term rental properties into long-term rentals for locals, promoting community stability and support.
Spread the Word: Elevate Our Community Together
Join us in spreading the word! We encourage you to share our Bold Housing Flyers with your friends, family, employers, employees, co-workers, and anyone and everyone who can benefit or contribute. Let's work together to make a difference in our community!