Good Deeds Avon

A 30% Buy-down Partnership to Preserve Local Homeownership Together

Good Deeds Avon is the first partnership launched under Housing Eagle County’s Community Partner Program, co-designed with the Town of Avon to set a new standard for regional collaboration. Avon’s investment is matched one-to-one by the Eagle County Housing and Development Authority (ECHDA), providing up to a 30% buy-down of the purchase price on eligible open-market homes within Avon’s jurisdictional boundary.

Funding Update: Good Deeds Avon Paused for 2025

The Town of Avon has exhausted funds for the Good Deeds Avon program for 2025. The program will resume in 2026 with the start of the new budget year.

How Good Deeds Avon Works

Good Deeds Avon preserves access to stable, attainable housing for residents by providing a payment toward the home’s purchase price. In exchange, buyers record a Price Capped Deed Restriction that maintains sustainable pricing over time, enabling Avon households to purchase now and keeping these homes within reach for generations.

  • Total payment: 30% of the purchase price, capped at $375,000.

  • Funding match: 15% from ECHDA and 15% from the Town of Avon.

  • Maximum Purchase Price: $1,250,000.

  • Price Capped Deed Restriction: resale appreciation capped between 0–3% simple interest annually.

  • Administration: The Valley Home Store manages compliance, resale, and future buyer approvals.

  • Lender-friendly: structured to support standard underwriting and preserve housing for generations.

  • Compatible: Eligible for Eagle County Down Payment Assistance on properties priced at $850,000 or less.

Program Overview

A concise summary of the key features, benefits, and requirements of the Good Deeds Avon program.

    • Buyers must meet the criteria of Eligible Households outlined in the Eagle County Affordable Housing Guidelines: Administrative Procedures.

    • Occupancy: the buyer must use the home as their primary residence.

      Ownership: buyers may not own other residential real estate while owning a deed restricted property.

    • Deed restriction: perpetual and requires annual recertification of eligibility.

    • Homebuyer education: qualified buyers must complete a homebuyer class and provide a completion certificate prior to closing. The Valley Home Store offers homebuyer classes on a regular basis.

    • Location: within the Town of Avon’s jurisdictional boundaries.

    • Status: homes on the open market that are not already deed restricted.

    • Occupancy: buyer must use the home as their primary residence.

  • The maximum purchase price for Eligible Properties is $1,250,000.

    • Future resale price appreciation is capped between 0–3% simple interest annually.

    • The Valley Home Store facilitates resale and approves future buyers.

    • Policy for permitted capital improvements applies.

    • A 2% brokerage fee applies to resales.

    • Requires annual recertification.

    • Eagle County Housing and Development Authority payment: 15% of the purchase price.

    • Town of Avon matching payment: 15% of the purchase price.

    • Total payment: 30% of the purchase price, capped at $375,000.

    • Minimum buyer contribution: 3% down payment, excluding other assistance programs.

    • Disbursement: ECHDA and Town of Avon funds are wired to the title company per closing instructions.

    • Applications may be denied if the property or purchase agreement does not meet program standards or is not in the best interest of the Eagle County Housing and Development Authority or the Community Partner.

    • Good Deeds Avon is compatible with Eagle County Down Payment Assistance and most community and employer down payment assistance programs.

How to Get Started

Use the Community Partner Program through the partner that applies to your situation. Each partner page explains eligibility, property boundaries, and the exact steps to use the thirty percent buy-down in that community.

Program Guidelines

For detailed information, please review the Good Deeds Program Guidelines.

Program Manager

For more information and to apply for the program, contact Jesus Camunez at The Valley Home Store.
jesus.camunez@eaglecounty.us
970-328-8700

Additional Resources

Homebuyer Education
Price-Capped Deed Restriction
Eagle County Affordable Housing Guidelines

    • Start by reviewing the Program Guidelines for the full buyer and property eligibility requirements. This will help you understand the program structure and determine if it is the right fit for you.

  • Familiarize yourself with the Eagle County Affordable Housing Guidelines: Administrative Procedures to gain a deeper understanding of the program’s policies and processes.

    • 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. Qualified employers are exempt.

  • Identify a property that meets program requirements. The property must be:

    • Within the Town of Avon’s jurisdictional boundaries.

    • Your primary residence.

    • Not already deed restricted.

    • Priced at or below $1,250,000.

    • Schedule an initial appointment with The Valley Home Store. During this meeting, you will review guidelines, eligibility, property details, and next steps. You will also receive assistance setting up your HomeKeeper online application and information about down payment requirements.

    • The Program Manager’s contact information is provided below.

    • After your appointment and once you have identified an eligible property, submit your HomeKeeper online application. Applications are processed on a first come, first served basis and are time and date 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.

    • The Program Administrator reviews complete applications within 3 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.

    • After approval, the Program Administrator will prepare the necessary closing documents and funding. Please allow 15 business days from the date of initial application approval.