Deed Restrictions Encourage Home Ownership

A deed restriction is a simple yet effective tool to help local families afford homeownership in an environment of high market-rate housing, like in Steamboat Springs. The deed restriction exists to ensure that the property remains affordable now and in the future.

Current Deed Restrictions

Steamboat Springs has several communities and individual units that are deed restricted. YVHA is responsible for the oversight and management of many pre-existing deed restrictions from the City of Steamboat Springs. YVHA manages almost 100 deed restrictions in Steamboat Springs communities including:

To determine eligibility and begin the qualification process please email

Current deed restrictions differ from property to property, click the links above to access basic deed restriction information or contact your realtor to review specific deed restrictions.

Future Deed Restrictions

YVHA’s Mid Valley Condominiums and Brown Ranch will both include for-sale housing options that will be deed restricted to preserve affordability in perpetuity. Buying a deed-restricted unit is not the same as buying a free-market unit. By requiring specific criteria for buyer qualification, affordability of the unit is maintained. This also means the value of the property will be indexed to the growth of local wages and not to the general housing market.

The deed restriction that will be used at both Mid Valley and Brown Ranch is called the Community Affordability Agreement. The Community Affordability Agreement was drafted and created by YVHA after almost two years of workshops, where YVHA staff and board members evaluated deed restrictions in other similar mountain communities and consulted with affordable housing leaders in those communities. YVHA’s Community Affordability Agreement is catered specifically to benefit our local workforce and was carefully curated to avoid many of the shortcomings utilized in past deed restrictions in Steamboat Springs and other communities.

Highlights of the Community Affordability Agreement include:

  • Income: Housing units will be sold to people who fall within the income range targeted for each development. This is represented by a percentage of the Area Median Income (AMI). At Brown Ranch, the planned target for homeownership is 80%-250% AMI. At Mid Valley the planned target for homeownership is 100%-140% AMI.
  • Local Employment: The property owner must work 30+ hours/week for a business physically located in Routt County or be retired from full-time employment in Routt County.
  • Affordability: When an owner sells their property, appreciation will be limited to a 2% increase in the purchase price per year or fifty percent (50%) of the average annual increase in AMI during the time that the owner has owned the unit, whichever is greater, plus the cost of qualified capital improvements made by the homeowner, capped at 1% of the original purchase price per year of ownership. This formula strikes the balance between preserving affordability for future generations and protecting the community investment to develop housing, while generating equity and wealth for homeowners and encouraging them to invest in the maintenance and improvement of their property.
      • Ex. The original purchase price of a unit is $100,000.
        • Method 1 (2% annual increase in price): The owner could sell the unit for a maximum of $102,000 after owning it for 1 year or for a maximum of $110,000 after owning it for 5 years.
        • Method 2 (50% of average annual AMI increase): If the average annual AMI increase during the time of ownership is 10%, the owner could sell the unit for a maximum price of $125,000 after owning it for 5 years, representing a 5% annual increase.
        • The owner could sell the unit for up to $125,000, since that is the greater number resulting from these calculation methods. Note that the maximum price is NOT a guaranteed sale price.
  • Sole Residency: The Community Affordability Agreement requires the owner to live in the unit as their sole residence. No short-term rentals are allowed. Some long-term rentals of additional bedroom(s) in the deed-restricted unit are only permitted under certain circumstances outlined in the deed restriction, and the owner must continue to live in the unit.
  • YVHA deed-restricted homes will always stay deed-restricted: Once homes are deed-restricted at Mid Valley and Brown Ranch, the deed restrictions will not be lifted.

There will be deed-restricted homes for sale at the Brown Ranch.