The mission of Waterview is to provide Ouray’s workforce with affordable homes for-sale. The definition of affordability is living in a home where you can spend less than 30% of your monthly income on rent or on a mortgage. With Waterview, that is what we aim to provide to you.

Each home will be valued at what you are buying. For example, a 3-bedroom unit will cost more than a 2-bedroom unit. A unit with a garage will cost more than a unit without one. A larger lot size will cost more than a smaller lot size.

This is a non-profit development. That means, we are selling the homes for exactly what it costs to build them. In fact, Waterview units will be sold for less than they cost to build because we will apply grant subsidies to the final sale price. All grants we receive will go directly to making a home more affordable for the homeowner. This means that when we first publish the official price of each lot and unit, the final sale price is likely to decrease as we get closer to construction completion and receive more grant funding.

Yes, these homes are deed restricted. A deed restriction is a covenant that controls the use, occupancy, and sale of the property to ensure that the purchaser and all future owners of these homes are qualified, and the homes remain affordable.

The home prices are based on area median income (AMI) values in Ouray County according to affordable housing guidelines. There are many state and federal programs for financing and down payment assistance that may make these brand new homes more affordable than you think! Contact us for more info.

Modular construction is built using the same methods as traditional home construction. The modules are built in a factory in Buena Vista, CO under exacting tolerances and conditions. These homes are state of the art, built with engineered wood products and are considered to be equal or higher quality than homes built using regular building methods.

Anyone who is a “Qualified Owner” may purchase a home. The Deed Restriction and Guidelines associated with each home provide the criteria for qualification.

More information on the Deed Restriction specific will be released soon.

The Housing Authority can grant allowances for a change in family status or loss of a job. The Housing Authority may grant exceptions for many circumstances and efforts will be made to help Households during transitional periods.

Construction will resume Spring of 2024, and the homes ready for move-ins by Fall of 2024. We’ll keep you updated on progress on this website.

Capital improvements approved by the Housing Authority are permitted, a portion of which can be included in the future Maximum Sales Price.

Owners can rent a room upon approval by the Housing Authority and qualification of the renter; the maximum rental rate is set by the Housing Authority. Rental of the entire home may be possible but requires an exception request to the Housing Authority.

Find more information on the Lottery here.

Our standard appliance package includes a fridge, stove, dishwasher and washer dryer. We are providing an all electric, energy star rated package from a major manufacturer.

No. If you make under 120% Area Median Income in Ouray County and are interested in a home you qualify for the income requirement.

No, not all bedrooms need to be occupied, one simply must qualify for the Area Median Income (based on household size) restriction to purchase one of these homes.