Blue 52 – New Locals Neighborhood in Breckenridge, CO
Town of Breckenridge is in a process of developing new neighborhood. It is deed restricted and available for locals only. 52 Townhomes that will be available for purchase only – no rentals. Locals have to work a minimum of 30 hours per week in Summit County for a business that provides a product or service available locally. If you work anywhere from Farmers Corners to Hoosier Pass, so called Upper Blue Basin area, then you will have priority in selection process. Most of the homes have income qualification. See the income limits here.
Location
Townhomes are situated right off Airport Road and alongside the Blue Rive in Breckenridge.
Application Process
There are two phases to the application process and those will influence the move in date to the new subdivision.
PHASE I— 2017
Step 1: APPLY Jun-Aug: Download the application from Blue52Breckenridge.com and submit to the Summit Combined Housing Authority with your Conditional Lender Approval. If you are a First Time Homebuyer, schedule your free homebuyer class. $35 application fee due. First Home Buyer Seminar Schedule
Step 2: LOTTERY Early Oct: Authorities will complete a lottery and determine which applicants will enter into contracts. If you are not chosen, you can elect to be entered into the lottery for PHASE 2.
Step 3: ENTER INTO A CONTRACT Oct: You can now enter into a contract for your home. You will need a pre-approval letter from your lender, and a $2,500 non-refundable earnest money deposit that is due at this time. At closing, this deposit will go towards your down payment.
Step 4: CLOSING Nov 2017-Jan 2018: You will close on your home, and MOVE IN!! Your down payment and funds from your lender are due at closing.
TENTATIVE PHASE 2 — 2018
Step 1: APPLY Jan-Mar: Download the application* from Blue52Breckenridge.com and submit to the Summit Combined Housing Authority with Conditional Lender Approval. If you are a First Time Homebuyer, schedule your free homebuyer class. $35 application fee due. (Link Above)
Step 2: LOTTERY Early May: Authorities will complete a lottery and determine which applicants will enter into contracts. Any applicants who were not chosen in PHASE 1 will be entered into this lottery.
Step 3: ENTER INTO A CONTRACT May: You can now enter into a contract for your home. You will need a pre-approval letter from your lender, and a $2,500 non-refundable earnest money deposit is due at this time. At closing, this deposit will go towards your down payment.
Step 4: CLOSING July – August; You will close on your home and MOVE IN!! Your down payment and funds from your lender are due at closing.
See the link to Application Form
Features
- Efficient Floor Plans
- Private yards/decks
- 1, 2, & 3 Bedroom Units
- Variety of price points, $200,000 – $500,000
- Low maintenance
- Some homes will have garages and covered parking
- On the Blue River
- Next to brand new Oxbow Park
52 Total Units
- 9 – 1 bedroom townhomes
- 35 – 2 bedroom townhomes
- 8 – 3 bedroom townhomes
Learn more about Breckenridge from Local Area Guide.
More information about the project here.
