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AFFORDABLE LIVING
Cheesman Street Affordable Homeownership Program
Your Path to Homeownership
in Historic Downtown Erie
Cheesman Street is proud to participate in the Town of Erie's Affordable Housing Program, designed specifically to help working families like yours achieve the dream of homeownership in one of Erie's most desirable neighborhoods.
What is the Erie Affordable Housing Program?
The program creates homeownership opportunities for working families through income-restricted properties. This isn't subsidized housing—these are quality homes you'll own and build equity in, with built-in protections to keep them affordable for future families too.
The program serves households at or below 120% of Boulder County Area Median Income (AMI):
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1 Person: Up to $126,600
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2 People: Up to $144,600
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3 People: Up to $162,720
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4 People: Up to $180,720
Who Qualifies?
What Makes This Special?
✓ You Own Your Home - Build equity just like any homeowner
✓ Historic Downtown Erie Location - Walk to farmers markets, breweries, and local shops
✓ Builder-Sponsored 4.99% Interest Rate - Save thousands compared to market rates
✓ Quality Construction - Modern finishes and thoughtful design
✓ Variety of Floor Plans - 2 & 3 bedroom homes, single-family and townhomes
✓ Long-Term Affordability - Deed restrictions ensure homes remain affordable for future families
Your Path to Homeownership
Step 1:
Check if you qualify based on your household income
Step 2:
Schedule a qualification call with our preferred lender
Step 3:
Work with the Town of Erie for income verification
Step 4:
Select your home at Cheesman Street
Step 5:
Complete CHFA homebuyer education course
Step 6:
Close on your new home!
What does "Deed-Restricted" Mean?
When you eventually sell your home, there are guidelines to ensure it remains affordable for the next working family. You'll still profit from your investment, but the home won't become unaffordable for future buyers. Think of it as homeownership with a built-in community commitment.
Ready to Get Started?
Cheesman Street Erie Colorado, CO 80516
Contact Us:
Olivia
970.660.3865
olivia@vertikalco.com
