Housing Opportunity Fund

Overview and Guidelines

The Trust for Community Housing believes the cultural, social and economic strengths of our community are threatened by a lack of affordable housing for those who desire to work and live in the region. TCH is a grass-roots organization working to increase access to affordable workforce housing.

TCH’s Housing Opportunity Fund is a new program that provides grants for qualified buyers and renters moving into housing they’ve obtained. These grants are intended to lend a hand in the form of financial support for those ‘last mile’ housing acquisition costs: down payment or closing costs for buyers, or first/last month rent or moving expenses for renters.

Qualifications:

To qualify for the TCH Opportunity Fund, applicants must first meet the income and employment requirements for deed-restricted housing in the jurisdiction in which their new home (rental is purchase) is located by submitting an application to the appropriate jurisdiction (either Town of Telluride, Mountain Village or San Miguel County). Note, however, that applicants can apply for a Housing Opportunity Fund grant even if their unit/home is not deed-restricted, as long as they meet the requirements.

Each jurisdiction has different income and employment standards, but they all require employment within the R-1 School District boundaries, as well as employment standards with regard to length.

See links to each jurisdiction below for details and applications.

A. Town of Telluride: https://smrha.org/housing-programs/town-of-telluride/

B. Town of Mountain Village: Purchase: https://smrha.org/housing-programs/town-mountain-village/

C. San Miguel County: https://smrha.org/housing-programs/san-miguel-county/

In addition to completing the application within the jurisdiction of the unit, applicant (and co-applicants):

Will submit a short-form application to the Trust for Community Housing, which follows. The application solicits basic information as well as employment and personal references.

Maximum Amount: In general, we can provide up to $2,500 in assistance to qualified applicants and will work with you in a timely manner.

Questions? Email amy@trustforcommunityhousing.org or call 970/708-7678.

Housing Opportunity Fund grants are made possible by the generous donations of neighbors in the Telluride region. Since its inception in late Fall of 2018, TCH has received contributions to this fund from 61 families, individuals, local businesses, as well as a several foundations.