Nuche Village

Nuche Village homes are priced based on the Area Median Income (AMI) for Grand County. The United States Department of Housing and Urban Development (HUD) gathers data, determines, and publishes AMI for counties throughout the U.S. and Colorado. This report is what the Town of Granby is using for AMI. Your household income AMI level is dependent on household earnings and the number of individuals, including dependents, in your household. Phase I of Nuche Village will serve households earning between 60% and 160% AMI. See our Cost Breakdown Sheet (PDF) to learn more. 

Use the following table to determine what AMI level you qualify as:

Pricing and eligibility are dependent on the applicant's income and how it compares to the Area Median Income (AMI) for Grand County. See our cost breakdown sheet (PDF) to determine your AMI. 

Nuche Village offers rental and ownership options starting at 80% AMI. All homes will be deed-restricted, ensuring our community is made up of primary residents with at least one tenant working for a Grand County employer. Appreciation is limited to 3% per year with incremental equity allowed for capital improvements made to your home. 

Yes, Nuche Village will have a homeowners association specifically for our community. Monthly HOA dues will be $85 for all homeowners.

• Nuche Village Home Ownership Application
• Nuche Village Apartment Rental Application

For information on when applications open and reminders on applications, please sign-up for email alerts and housing updates.

We've created a "Path to Homeownership" PDF to give potential buyers a guideline on the steps they should consider taking when purchasing a home in Nuche Village. The following steps are included:

1. SIGN UP: Sign-up for the Town of Granby Community Housing Newsletter for updates and email alerts on when the application will open!

2. RESEARCH: Get to know the deed restriction and community guidelines information. 

3. CONNECT WITH A LENDER: Determine which type of housing makes sense for you and your budget. Get preapproval from your lender (whether it’s a bank, credit union, mortgage lender, or other).

2. APPLY FOR A HOME IN NUCHE VILLAGE 

• All applications will be available and will need to be submitted on the Town of Granby website. Accommodations are available for those needing assistance or other materials for accessibility. 
• Those applying for a home do not need a realtor. The Town of Granby is utilizing Lindsey Morrow Properties to serve as the real estate agent for the Town and buyers. Lindsey Morrow will be working directly with applicants on questions and to assist in the buying process.

5. TAKE A HOMEBUYING COURSE: The Colorado Housing and Finance Authority hosts free first time home buying courses across Colorado and online. Visit https://www.chfainfo.com/homeownership/homebuyer-education to learn more and see when the next class is available! 

6. LOTTERY DRAWING: Lottery drawing dates will be announced two weeks prior to the event.

7. LOTTERY DRAWING NOTIFICATIONS: Those chosen in the lottery will be notified through contact information provided to us through the application. Applicants chosen in the lottery have two business days to respond to indicate they would like to move forward with the home purchase.

See the full Partner Resources PDF

FIRST-TIME HOMEBUYER COURSES:

• COLORADO HOUSING AND FINANCE AUTHORITY: The Colorado Housing and Finance Authority hosts free first time home buying courses across Colorado and online. Visit chfainfo.com/homeownership/homebuyer-education to learn more and see when the next class is available! 

FINANCIAL ASSISTANCE:

•  GRAND COUNTY HOUSING AUTHORITY: Acquires, develops, leases, and operates affordable housing for Grand County residents with limited incomes. Low and moderate-income homebuyers may apply for down payment and closing costs as necessary to obtain homeownership.
• GRAND FOUNDATION HOUSING ASSISTANCE FUND: The Fund aims to help full-time residents successfully live and work in Grand County. Applicants will be prioritized upon economic need. Funds can be used for down-payment or mortgage assistance. 
• MOUNTAIN FAMILY CENTER: programs for one-time assistance with housing or utilities.
• LOW INCOME ENERGY ASSISTANCE PROGRAM (LEAP): LEAP helps families pay their heating bills from November 1 to April 30. It is a federally funded program that helps eligible and hard-working Colorado families, seniors, and individuals pay a portion of their winter home heating costs. In most cases, payments are made directly to the primary heating fuel vendor. Other benefits include repair or replacement of a home’s primary heating system. 

BANKS FAMILIAR WITH NUCHE VILLAGE:

American Liberty Mortgage 
62543 US Hwy 40, #100
Granby, CO 80446
(970) 368-7000

PREFERRED REAL ESTATE AGENT WHEN PURCHASING A HOME IN NUCHE VILLAGE:

Lindsey Morrow
Keller Williams Top of the Rockies
62495 US Hwy 40,
Granby, CO 80446
720-530-1066
lindsey@lindseymorrowproperties.com 

Lindsey is available to answer questions about the purchasing process and help buyers! 

See the full Eligibility Requirements PDF

Nuche Village was created to support workforce in Grand County and provide affordable options for the residents of our community. To be eligible for a home or apartment in Nuche Village, applicants must meet the following criteria: 

• One person within the household must work a minimum of 32 hours per week (or 1,200 hours over the year) for a Grand County Employer OR have worked in Grand County for at least 5 years prior to retirement. Those who provide a service or work for an entity that necessitates physical presence in Grand County may also qualify.
• New home will be your primary residence.
• For rentals
• Total household income must be within 80- 120% of the AMI based on household size.
• Must reapply every year to continue residency 
• For home purchases:
• Total household income must be below 160% AMI based on household size
• Total assets of a household must be less than 2x the sales price of the home being applied for 
• Must show proof of mortgage qualification for the home price. 

To apply for homeownership opportunities, you will need the following documents: 

• Paystubs from a Grand County Employer from the past year
• 2024 Tax Return
• Written notice of financing qualification for the anticipated sales price from a lender (this can be emailed following the application submittal, but must be sent before the lottery drawing to qualify)

Documents can be submitted on the application form or through email following the submittal of your application. All documents must be submitted by the lottery draw date. 

To apply for rental opportunities, you will need the following documents: 

• Paystubs from a Grand County Employer from the past year
• 2024 Tax Return

Documents can be submitted on the application form or through email following the submittal of your application. All documents must be submitted by the lottery draw date. 

Please see our property information sheet for renderings of the homes in Nuch Village.

Floor plans:

• Home Ownership Opportunities Floor Plans (PDF)
• Rental Apartments Floor Plans (PDF)

 Curious about the interiors? Check out a constructed Townhome! 

Pricing and eligibility are dependent on the applicant's income and how it compares to the Area Median Income (AMI) for Grand County. See our Cost Breakdown Sheet to determine your AMI and learn more. 

AMI Levels were used to determine sales prices. Those making 180% AMI or less are eligible to purchase any housing type! 

See the map below for information on where the housing in Phase I will be located within Nuche Village.