Buy-Down Program

The Buy-Down program allows the County to purchase a favorably priced market rate unit and place a deed restriction on the property, requiring the unit’s occupant to work full time in Summit County and to resell the unit at a discounted price. Properties must be located within local neighborhoods rather than resort neighborhoods and align with the County’s housing priorities. 

The County’s ability to purchase a Buy-Down unit is subject to, among other things, the availability of funds, condition of the property and how well the property fits with the housing needs and priorities at that time. If you have a market rate unit and would like to explore selling to the County please contact Jason Dietz with the Housing Department at (970) 668-4231.