By Shannon Lukens.

The Homeownership Pre-Screening Form for The Cottonwoods at Mid Valley has been released by Yampa Valley Housing Authority. Complete the form. If you are a prospective buyer and you meet basic eligibility requirements, you will be invited to complete the full application. Eligible applicants will then be invited to participate in a lottery for available units. The project has 86 one-, two-, and three-bedroom condos for purchase along the Core Trail, with a completion date expected in early 2026. These are deed restricted condos reserved for local workers and retirees.

The Cottonwoods at Mid Valley Homeownership Pre-Screening Form

 

Press Release from Yampa Valley Housing Authority; July 14, 2025.

FOR IMMEDIATE RELEASE

Yampa Valley Housing Authority Announces Release of Homeownership Pre-Screening Form – Starting Point to Determine Eligibility to Buy at The Cottonwoods at Mid Valley

STEAMBOAT SPRINGS, CO, July 8, 2025 — The Yampa Valley Housing Authority (YVHA) is pleased to release The Cottonwoods Homeownership Pre-Screening Form. This is the starting point to determine whether an applicant is eligible to buy one of the deed-restricted condos at The Cottonwoods.

By completing the form with accurate and up-to-date information, the prospective buyer helps YVHA understand the household size, income, and other important details that determine eligibility to purchase a deed-restricted condo. Once submitted, a comprehensive application management system will review the information to determine whether the prospective buyer qualifies for the current homeownership opportunities.

If the prospective buyer meets basic eligibility requirements, they will be invited to complete the full application. Eligible applicants will then be invited to participate in a weighted lottery for available units. Details on the lottery process and final pricing are expected later in summer 2025.

“As the Housing Navigator at YVHA, a first-time home buyer, and the first person in my family to own a home, I am particularly excited about the launch of the Homeownership Pre-Screening Form. This is the first step one can take to achieve the dream of home ownership and do so in Steamboat Springs.” said Araceli Googins, Housing Navigator, YVHA.

“The Cottonwoods at Mid Valley is the first for-ownership development we have launched since Fox Creek Village in 2006. YVHA is proud to offer this property as an opportunity to convert renters to buyers. We expect to provide details on the lottery process and below market pricing, made possible with support from the City of Steamboat Springs and the Colorado Division of Housing, later this summer.” said Alyssa Cartmill, Sales and Asset Manager, YVHA.

About The Cottonwoods at Mid Valley

The Cottonwoods at Mid Valley offers an extraordinary opportunity to own a home in one of Colorado’s most iconic mountain communities. Specifically designed for Routt County workers and retirees who have contributed to the vibrant character of Steamboat Springs, this development provides a rare chance to secure a future, build equity, and invest in family well-being.

Phase One Highlights:

• Completion Date: Early 2026
• Units: 86 one-, two-, and three-bedroom condos
• Features: Private balconies, covered parking, and dedicated gear storage

The Cottonwoods is ideally located along the Core Trail, offering easy access to the Yampa River and seamless connections to local shops, the Steamboat Ski Area, and community amenities via free bus, bike, or on foot.

The Path to Buying at The Cottonwoods

These deed-restricted condos are reserved for local workers and retirees. Here are some of the eligibility requirements that will be verified by YVHA:

• Employer: You must work for or be retired from an employer physically located in Routt County.
• Income: Your household must not exceed the income guidelines of 140% of Area Median Income (AMI), which are updated by the Colorado Housing and Finance Authority (CHFA).
  • $127,400 for individuals (2025 levels)
  • $182,000 for a family of four (2025 levels)
    Learn more about AMI here
• Primary Home: The home must be your sole residence.
• No short-term rentals are allowed.

Other initial steps buyers can take include:

• Check if they meet the deed restriction requirements. More information is on the YVHA website here.
• Meet with a lender to determine buying power, see more details here.

Click here for more information about The Cottonwoods at Mid Valley, or contact YVHA at sales@yvha.org.

About the Yampa Valley Housing Authority

The multi-jurisdictional Yampa Valley Housing Authority advocates for and provides safe, affordable housing and support to low- and moderate-income residents employed in Routt County. Our service area includes the city limits of Steamboat Springs and the boundaries of the Steamboat Springs Rural Fire Protection District. We believe the strength, culture, and diversity of our community is enhanced when everyone has a decent place to call home.

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