Affordable Housing Lotteries

On occasion, The Mountain Village Housing Authority, in partnership with the San Miguel Regional Housing Authority, sells deed-restricting housing units to qualified individuals employed within the Town of Mountain Village. Certain units are sold to Town employees only while others are sold to the broader Mountain Village workforce. You may review current and past lottery information on this page. 

 

Cassidy Ridge Lottery

Acting on behalf of the Town of Mountain Village and the Town of Mountain Village Housing Authority, the San Miguel Regional Housing Authority is operating a lottery for Cassidy Ridge Units C-201 and D-202, Affordable Housing Units. This is a SPECIAL weighted lottery that is open to all qualified households who have at least one household member who is an employee of the Town of Mountain Village. The purchase price for Unit C 201 is $297,739.92 and Unit D 202 is $301,652.07 (exact purchase prices subject to change with the required pro-rata increase of 3% per day based on an annual increase of 3% per year).

Completed lottery applications will be accepted beginning Monday, January 11, 2021 through NOON on Monday, January 25, 2021. Open House viewings for Unit C 201 will be by appointment only January 12-14 and January 18-21 for Unit D 202. The household with the highest points in the lottery will be selected on Thursday, January 28, 2021 at 12:00 pm.

Qualifications:

To qualify and to be eligible to purchase an Affordable Housing Unit, a natural person or household must meet the following criteria:

  1. Employment: Employed with the Town of Mountain Village for a minimum of at least 1560 hours for the past 12 months. Upon purchase, the owner must maintain the work requirement until retirement age as defined by this Ordinance and employment with the Town of Mountain Village.
  2. Residence: Upon purchase of the Affordable Housing Unit, the owner shall maintain the Affordable Housing Unit as the Primary Residence.

For more information see PDF below or email Enable JavaScript to view protected content.