Welcome to The Cottonwoods at Mid Valley

Imagine owning a home in one of Colorado’s most iconic mountain communities, designed specifically for those who have helped shape Steamboat Springs into the place it is today. The Cottonwoods at Mid Valley offers a rare and exciting chance to secure your future, build equity, and invest in your family’s well-being. Priced in the mid-$200,000s to mid-$400,000s, these condos are attainable for Routt County’s local workforce.

With Phase One completed in early 2026, The Cottonwoods is more than just a housing development — it’s a community built on the belief that affordable, high-quality housing strengthens the fabric of our town, benefiting current residents and future generations alike.

• Phase One: 86 one-, two-, and three-bedroom condos
• Each unit features a private balcony, covered parking, and dedicated gear storage
• Ideally situated on the Core Trail, with easy access to the Yampa River
• Centrally located—just minutes from vibrant local shops and the Steamboat Ski Area, easily reached by free bus, bike, or on foot.

The Cottonwoods is where modern mountain living meets sophisticated design. Phase One’s two four-story buildings offers 86 condos that combine spacious open layouts with timeless details, including rich alder wood cabinetry, sleek quartz countertops, and Energy Star-certified appliances. Every home is designed for comfort, sustainability, and lasting value. Learn more about amenities, floor plans, finishes, and views in The Cottonwoods at Mid Valley Lookbook.

At The Cottonwoods, homeownership is within reach for Steamboat’s hardworking individuals and families. These deed-restricted condos offer the best in modern living at prices significantly below market rates. To qualify, eligible buyers must meet the following criteria:

• One of the applicants must be working for, or retired from, a business physically located in Routt County.
• Applicants’ income cannot exceed 140% of the Area Median Income (AMI) for Routt County. Based on 2026 figures, that’s:
  • $135,940 for an individual
  • $155,400 for a household of two
  • $174,860 for a household of three
  • $194,180 for a household of four
  • $209,720 for a household of five
  • (For further income and household size details, see this AMI sheet)
• Sole residence: Applicant(s) must sign an affidavit stating that they intend to live in the condo full time. All members of the household cannot own another home, condo, or mobile home in the state of Colorado, or if anyone does, they must sell within 180 days.

The Phase One development is a testament to what can be achieved through collaboration. The Yampa Valley Housing Authority (YVHA) and Steamboat 6732 Partners have partnered to bring this visionary project to life, backed by $1.84 million from the local mill levy, a generous land donation, and $4 million in state grants.

The City of Steamboat Springs’ backing in the amount of $10 million in short-term rental (STR) tax funding will be used dollar-for-dollar to reduce prices delivering great value to buyers with discounts to market up to 56%. Sales prices can be reviewed here.

Don’t miss any updates on The Cottonwoods at Mid Valley! Subscribe to our newsletter here and stay informed about the latest developments and milestones. Complete The Cottonwoods Homeownership Pre-Screening Form. This is the starting point to determine whether you are eligible to buy one of the deed-restricted condos at The Cottonwoods.

To become a homeowner of one of Phase 1’s 86 deed-restricted condos, applicants must meet the following criteria:

• The unit must be an owner-occupied primary residence.
• The household applicants may not own any other real estate in the state of Colorado, except for a property currently being sold as part of the purchase process.
• Employment requirements include working an average of 30 hours per week for an employer physically located in Routt County.
• Maximum income criteria is based annual Area Median Income (AMI) rates set by the Colorado Housing and Finance Authority (CHFA).
• Special considerations are given for retired Routt County workers or households with a disabled member.
• Agreement to an annual maximum price appreciation cap as per the deed restriction.

Embark on your journey to homeownership with The Cottonwoods at Mid Valley, where quality living meets affordability and community spirit thrives.

• • Deed Restriction Implementation Plan
  • Lottery Implementation Plan
  • Down Payment Assistance Plan
  • The Cottonwoods Pricing Guide
  • The Path to Homeownership at The Cottonwoods at Mid Valley
  • Download The Cottonwoods at Mid Valley Fact Sheet
  • Hoja Informativa de The Cottonwoods en Mid Valley (en español)
  • HOA Bylaws
  • Declaration
  • HOA meeting Protocol
  • Covenant Enforcement Policy
  • Promissory Note

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