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Lottery Application Opens: Friday, July 26^th at 12:00am
Lottery Application Closes: Thursday, August 1^st at 11:59pm
Lottery Drawing: Date to Come

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Lottery Qualification:

• Only one (1) application per household. If you will be owning, living in, and/or financing the property with another person, please list them on the application as a household member, but only fill out one (1) single application. Application is to be completed by primary applicant, adding information about household members as requested.

• You must work 30+ hours per week within, and in service, to Summit County to qualify to purchase a property. This qualification must be met by at least one individual intending to own any deed restricted property. This employment status must be active at the time of application.

• Income Limit: Gross annual household income is below 105% AMI at 1.5 persons per bedroom size or by actual size of the household, whichever is greater. The max annual gross income at 105% AMI for 2 bedrooms at 1.5 persons per bedroom is $115,185.
• Income Priority: Gross annual household income that is below 95% AMI at 1.5 persons per bedroom size or by actual size of the household, whichever is greater. The max annual gross income at 95% AMI for 2 bedrooms at 1.5 persons per bedroom is $104,215. Household under this threshold will receive an extra entry into the lottery
• Live/Work Priority: Households living or working in the Town of Silverthorne for a minimum of the last 12 consecutive months.

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• Three total entries possible:

• • +1 entry for the general lottery (30 hours per week in Summit County on an annual basis)
  • +1 entry for meeting the income priority requirements
  • +1 entry for meeting the live/work priority requirements

Lottery Process Information:

• Applicants will be notified, via email, of eligibility, lottery number, and quantity of lottery entries prior to the actual lottery.

• Applications that are not complete at the deadline of Thursday, August 1^st at 11:59pm will not be entered into the lottery.

• The lottery will be held on a date to come. The lottery will be electronic and hosted by a third-party, approved vendor. Results will be posted after the lottery is complete.
• A full Buyer Eligibility Application & determination will be required of the top lottery winner 72 hours after SCHA invites them to apply. In anticipation of the possibility of any applicant(s) not meeting full eligibility or choosing not to enter a purchase agreement when it’s their opportunity to do so, the number of those who move on to the full application will be greater than the number of units available.
• Approved entry into the lottery does not imply an approval of the Buyer Eligibility Application & determination.
• If an applicant’s information is found to be false, the application will be removed from the lottery process.

Full Buyer Eligibility Process Information:

Full Buyer Eligibility Applications will collect information and documentation from applicant households to determine if the household meets the parameters of the restrictive covenant (deed restriction).

To anticipate the required documents to be submitted at time of Full Eligibility Determination & Application, review Step 3 found HERE.

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Lottery Application Opens: Friday, July 26^th at 12:00am
Lottery Application Closes: Thursday, August 1^st at 11:59pm
Lottery Drawing: Date to Come

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Lottery Qualification:

• Only one (1) application per household. If you will be owning, living in, and/or financing the property with another person, please list them on the application as a household member, but only fill out one (1) single application. Application is to be completed by primary applicant, adding information about household members as requested.

• You must work 30+ hours per week within, and in service, to Summit County to qualify to purchase a property. This qualification must be met by at least one individual intending to own any deed restricted property. This employment status must be active at the time of application.

• Income Limit: Gross annual household income is below 115% AMI at 1.5 persons per bedroom size or by actual size of the household, whichever is greater. The max annual gross income at 115% AMI for 3 bedrooms at 1.5 persons per bedroom is $145,705.
• Income Priority: Gross annual household income that is below 105% AMI at 1.5 persons per bedroom size or by actual size of the household, whichever is greater. The max annual gross income at 105% AMI for 3 bedrooms at 1.5 persons per bedroom is $133,305. Household under this threshold will receive an extra entry into the lottery
• Live/Work Priority: Households living or working in the Town of Silverthorne for a minimum of the last 12 consecutive months.

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• Three total entries possible:

• • +1 entry for the general lottery (30 hours per week in Summit County on an annual basis)
  • +1 entry for meeting the income priority requirements
  • +1 entry for meeting the live/work priority requirements

Lottery Process Information:

• Applicants will be notified, via email, of eligibility, lottery number, and quantity of lottery entries prior to the actual lottery.

• Applications that are not complete at the deadline of Thursday, August 1^st at 11:59pm will not be entered into the lottery.

• The lottery will be held on a date to come. The lottery will be electronic and hosted by a third-party, approved vendor. Results will be posted after the lottery is complete.
• A full Buyer Eligibility Application & determination will be required of the top lottery winner 72 hours after SCHA invites them to apply. In anticipation of the possibility of any applicant(s) not meeting full eligibility or choosing not to enter a purchase agreement when it’s their opportunity to do so, the number of those who move on to the full application will be greater than the number of units available.
• Approved entry into the lottery does not imply an approval of the Buyer Eligibility Application & determination.
• If an applicant’s information is found to be false, the application will be removed from the lottery process.

Full Buyer Eligibility Process Information:

Full Buyer Eligibility Applications will collect information and documentation from applicant households to determine if the household meets the parameters of the restrictive covenant (deed restriction).

To anticipate the required documents to be submitted at time of Full Eligibility Determination & Application, review Step 3 found HERE.

>>LOTTERY RESULTS<<

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Lottery Qualification:

• Only one (1) application per household. If you will be owning, living in, and/or financing the property with another person, please list them on the application as a household member, but only fill out one (1) single application. Application is to be completed by primary applicant, adding information about household members as requested.

• You must work 30+ hours per week within, and in service, to Summit County to qualify to purchase a property in Stables Village. This qualification must be met by at least one individual intending to own any Stables Village property. This employment status must be active at the time of application.

• Income Limit: Gross annual household income is below 100% AMI at 1.5 persons per bedroom size or by actual size of the household, whichever is greater. 100% AMI income for 3 persons: $109,700

• • Applicants meeting the above requirements will receive 1 entry into the lottery.

Lottery Process Information:

• Applicants will be notified, via email, of eligibility, lottery number, and quantity of lottery entries prior to the actual lottery.

• Applications that are not complete at the deadline of Sunday July 21st, 2024 at 11:59PM will not be entered into the lottery.

• The lottery will be held on a date to come. The lottery will be electronic and hosted by a third-party, approved vendor. Results will be posted after the lottery is complete.
• A full Buyer Eligibility Application & determination will be required of the top lottery winner 48 hours after SCHA invites them to apply. In anticipation of the possibility of any applicant(s) not meeting full eligibility or choosing not to enter a purchase agreement when it’s their opportunity to do so, the number of those who move on to the full application will be greater than the number of units available.
• Approved entry into the lottery does not imply an approval of the Buyer Eligibility Application & determination.
• If an applicant’s information is found to be false, the application will be removed from the lottery process.

Full Buyer Eligibility Process Information:

Full Buyer Eligibility Applications will collect information and documentation from applicant households to determine if the household meets the parameters of the restrictive covenant (deed restriction) for 395 Cove Blvd #5H.

To anticipate the required documents to be submitted at time of Full Eligibility Determination & Application, review Step 3 found HERE.

>>LOTTERY RESULTS<<

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Post Lottery Timeline:

  Applicants will be notified, via email, of eligibility, lottery number, and quantity of lottery entries prior to the actual lottery.

The lottery will be held on July 17th, 2024. The lottery will be electronic and hosted by a third-party, approved vendor. Results will be posted after the lottery is complete.

The top 24 lottery winners will be contacted via email after the lottery to complete a General Interest Screening Form in our new application system hosted by HomeKeeper.

• If you are in the top 24 and did not receive your email – please check you spam folder.

The General Interest Screening Form will need to be completed before Monday, July 22^nd to allow the maximum time allotted to complete the Buyer Eligibility Application.

☐ The Buyer Eligibility Application will be open from Monday, July 29th to Sunday, August 4^th

☐ Lottery winners who are eligible, per the full application, will then be contacted in the order of lottery selection for the opportunity to enter a purchase agreement.

** In anticipation of the possibility of any applicant(s) not meeting full eligibility or choosing not to enter a purchase agreement when it’s their opportunity to do so, the number of those who move on to the full application will be greater than the number of units available.

Full Buyer Eligibility Process Information:

• Full Buyer Eligibility Applications will collect information and documentation from applicant households to determine if the household meets the parameters of the restrictive covenant (deed restriction) for the different properties available at Nellie’s Neighborhood.
• Buyer eligibility criteria that will be examined will include:
  • Hours worked
  • Gross Household Income
  • Total Assets
  • Prequalification status with a mortgage lender
• Lottery winners who are deemed NOT eligible, per the full application, will NOT qualify to enter a purchase agreement. **Approved entry into the lottery does not imply approval at the time of full Buyer Eligibility Application & determination.
• Per the differing buyer eligibility criteria of the 14 available units at Nellie’s Neighborhood, it is possible that an applicant household can qualify for some of the units, but not all.
• To anticipate the required documents to be submitted at time of Full Eligibility Determination & Application, see HERE.

QUICK LINKS:

• 2024 AMI Chart
• Draft Deed Restriction (not officially recorded at this time)
• Nellie’s Neighborhood Site Plan/Unit Information

Lottery Application Opens: Thursday, July 11^th
Lottery Application Closes: Sunday, July 28^th  at 11:59pm
Lottery Drawing: Monday, August 5^th

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Lottery Qualification:

• Only one (1) application per household. If you will be owning, living in, and/or financing the property with another person, please list them on the application as a household member, but only fill out one (1) single application. Application is to be completed by primary applicant, adding information about household members as requested.

• You must work 30+ hours per week within, and in service, to Summit County to qualify to purchase a property in Stables Village. This qualification must be met by at least one individual intending to own any Stables Village property. This employment status must be active at the time of application.
• Priorities: Applicants can be awarded up to 3 entries into the lottery.
  • +1 entry for the general lottery
  • +1 entry for Summit County Tenure (10+ years working)
  • +1 entry for Upper Blue (working 30+ hours in the UB Basin)

Lottery Process Information:

• Applicants will be notified, via email, of eligibility, lottery number, and quantity of lottery entries prior to the actual lottery.

• Applications that are not complete at the deadline of July 28, 2024 at 11:59PM will not be entered into the lottery.

• The lottery will be held on August 5^th, 2024. The lottery will be electronic and hosted by a third-party, approved vendor. Results will be posted after the lottery is complete.
• A full Buyer Eligibility Application & determination will be required of the top 22 lottery winners by Wednesday, August 14^th. In anticipation of the possibility of any applicant(s) not meeting full eligibility or choosing not to enter a purchase agreement when it’s their opportunity to do so, the number of those who move on to the full application will be greater than the number of units available.
• Approved entry into the lottery does not imply an approval of the Buyer Eligibility Application & determination.
• Lottery winners who are eligible, per the full application, will then be contacted in the order of lottery selection for the opportunity to enter a purchase agreement.
• If an applicant’s information is found to be false, the application will be removed from the lottery process and from future lottery phases for Stables Village.

Full Buyer Eligibility Process Information:

Full Buyer Eligibility Applications will collect information and documentation from applicant households to determine if the household meets the parameters of the restrictive covenant (deed restriction) for Stables Village.

To anticipate the required documents to be submitted at time of Full Eligibility Determination & Application, review Step 3 found HERE.