The Town of Telluride requires developers of commercial and multi-family residential property in the Town of Telluride to mitigate the impacts of the development by providing affordable housing.
The governing documents for this program are the Town of Telluride Affordable Housing Guidelines and the Town of Telluride Affordable Housing Deed Restriction and Covenants. Developers may chose to either construct new affordable housing or deed-restrict an existing property.
The Housing Authority works with the Town of Telluride and developers to bring proposed units into the Town's Affordable Housing program. This includes conducting a physical inspection of units and preparing the necessary paperwork for executing the deed restriction. The Housing Authority is also responsible for determining eligibility for persons interested in purchasing an Affordable Housing unit. Similar to other local programs, the Town's Affordable Housing program requires owner occupancy and restricts the re-sale appreciation value of the unit.
Please refer to the Town of Telluride Affordable Housing Guidelines for more complete information concerning ownership and occupancy regulations.