Eagle County Good Deeds
Helping locals buy homes and keep them affordable for future residents.
Turn an Eagle County home into an affordable, forever-local home for you and the next local buyer.
Eagle County Good Deeds is an innovative housing buy-down program designed to address the rising cost of housing, expand the availability of deed-restricted homes, and preserve long-term affordability for local residents. Originally launched in 2021, the program has evolved to meet the growing needs of the community and respond to the rising median home sales price. Recent updates have increased the maximum purchase price of eligible properties to $1.25 million and introduced exciting new initiatives, including the Community Partner Program. These enhancements make homeownership even more attainable for locals and help ensure that housing remains accessible to Eagle County households for generations to come.
How it works
Good Deeds helps you buy a home in Eagle County by contributing money toward the purchase price. In return, you agree to record either a Price Capped or Resident Occupied deed restriction on the property.
That deed restriction keeps the home affordable and reserved for local residents, turning an open-market home into a permanently deed-restricted home for the community. In simple terms: you buy a home, we help pay part of the price, and together we keep it a forever-local home.
Who Can Benefit?
Good Deeds is designed to meet the needs of a wide range of Eligible Households:
First-time homebuyers looking to enter the housing market.
Move-up buyers seeking a home for their growing family.
Retirees planning to downsize while staying in the community they love.
No matter your stage in life, Good Deeds offers flexible solutions to help you achieve your homeownership goals. If you live and work in Eagle County and plan to make your home here long term, Good Deeds may be a fit for you.
Impact & Investment
These stats reflect cumulative totals since the Good Deeds program launched in 2021.
Good Deeds has helped preserve homes and support local residents, but rising prices continue to put homeownership out of reach for many working households. That’s why sustained investment and strong partnerships matter.
Program Details
Here’s what you need to know about who can use Good Deeds, what types of homes qualify, and how the deed restrictions and financial payments work.
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You must qualify as an “Eligible Household” under the Eagle County Affordable Housing Guidelines: Administrative Procedures.
You must use the home as your primary residence (no second homes or vacation properties).
You cannot own other residential real estate while you own a Good Deeds home.
You agree to a perpetual deed restriction and to complete a simple annual recertification to confirm you still meet program requirements.
You must complete a homebuyer education class and provide a certificate of completion before closing. The Valley Home Store and other providers offer these classes regularly.
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Located within Eagle County.
On the open market and not already deed restricted.
Purchased and used as your primary residence.
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The maximum purchase price for Eligible Properties is $1,250,000.
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Good Deeds offers two deed restriction options. Both keep the home for local residents, but they differ in the payment you receive upfront and how your future resale price works.
Price Capped Deed Restriction
You receive a larger payment at closing: ECHDA contributes 15% of the purchase price (up to $187,500). Your home’s resale price is limited to 0–3% simple interest appreciation per year, to keep it affordable for the next buyer.
The Program Administrator facilitates resale and approves future buyers.
There is a policy for permitted capital improvements.
A 2% brokerage fee applies to resales.
Annual recertification is required.
Best for: buyers who want the maximum upfront payment and are comfortable with limited future price growth to keep the home affordable.
Resident Occupied Deed Restriction
You receive a smaller payment at closing: ECHDA contributes 5% of the purchase price (up to $62,500).
There is no cap on future appreciation; your resale price is based on the open market, subject to buyer eligibility.
Future buyers must be approved by the Program Administrator, but the Program Administrator does not facilitate the resale.
Annual recertification is required.
Best for: buyers who want a smaller payment now but prefer more long-term equity growth if home prices increase.
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The payment amount you receive depends on which deed restriction option you choose:
Price Capped Deed Restriction: ECHDA payment of 15% of the purchase price (up to $187,500).
Resident Occupied Deed Restriction: ECHDA payment of 5% of the purchase price (up to $62,500).
In all cases, buyers must contribute a minimum of 3% down payment from their own funds, excluding other assistance programs.
In simple terms, Good Deeds makes a one-time payment at closing to reduce the effective price you pay for the home, in exchange for recording the deed restriction.
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Buyers cannot own other residential real estate while owning a deed-restricted property through Good Deeds.
Deed restrictions are perpetual and require annual recertification of eligibility.
Applications may be denied if the property or purchase agreement does not meet program standards.
If you currently own or expect to inherit other property, please speak with the Program Manager about your specific situation.
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A collaborative effort pairs Housing Eagle County with municipalities, special districts, employers, and nonprofits to deliver a deeper buy‑down and permanently preserve housing for locals.
The program provides up to 30% buy-down on eligible properties with a Price Capped Deed Restriction:
15% payment by ECHDA
15% payment by partnering organization
30% total payment, capped at $375,000
Learn more about the Community Partner Program.
How to Apply
Ready to take the next step? Here’s the typical process from start to finish.
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Start by reviewing the Good Deeds Program Guidelines to learn about eligibility requirements and deed restriction options.
This will help you understand the program’s structure and decide if it’s the right fit for you.
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Review the Eagle County Affordable Housing Guidelines: Administrative Procedures for a deeper look at policies, definitions, and processes that apply to Good Deeds.
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All buyers must complete a homebuyer education class and provide a certificate of completion.
Classes are available through multiple providers. The Valley Home Store offers classes regularly.
This requirement must be completed prior to closing.
Buyers who are qualified employers under the program are exempt.
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Identify a property that meets program requirements. The property must be:
Within Eagle County’s jurisdictional boundaries.
Your primary residence.
Not already deed restricted.
Priced at or below $1,250,000.
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Schedule an initial appointment with The Valley Home Store.
During the meeting, the Program Manager will review:
Current funding availability.
Program guidelines and eligibility criteria.
Your property details.
If funding is available and you and the property meet the preliminary qualifications, you will:
Receive a link to the online application.
Review next steps and timelines.
Discuss down payment assistance requirements and documentation needed.
Note: Program funds are limited, and funding is not guaranteed until confirmed by the Program Manager.
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After your appointment and once you have identified an eligible property, submit your application.
Applications are processed on a first‑come, first‑served basis and are date- and time-stamped upon receipt.
Approval is at the discretion of the Program Administrator and is subject to available funds.
A complete application includes:
Fully executed purchase and sale agreement (including any amendments).
Current title commitment.
Proof of current employment.
Lender pre‑qualification or pre‑approval letter.
Proof of residency.
Valid photo ID.
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The Program Administrator reviews complete applications within 7 business days.
If approved, you will be notified and required to execute a Deed Restriction Purchase Agreement with the Eagle County Housing and Development Authority.
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After approval, the Program Administrator will prepare the closing documents and funding.
Please allow up to 15 business days from the date of initial application approval.
One week before closing, the buyer must meet with the Program Administrator to review the Deed Restriction documents.
The buyer is also required to submit a Deed Restricted Application to:
Register the new deed-restricted home.
Enable annual compliance tracking.
Facilitate future resale.
Resources
Program Guidelines
For detailed information about how Good Deeds works, including eligibility, deed restrictions, and program rules, review the full program guidelines:
Good Deeds Program Guidelines - English
Good Deeds Program Guidelines - Spanish
Additional Resources
Homebuyer Education
Price Capped Deed Restriction
Resident Occupied Deed Restriction
Eagle County Affordable Housing Guidelines
Contact Us
Our team is here to support you every step of the way. For questions about eligibility, deed restriction options, or where to start, please contact the Program Manager:
Jesus Camunez
970-328-8770
jesus.camunez@eaglecounty.us
Testimonials
Here’s what local residents are saying about Housing Eagle County programs: