Complete Community City of Durango Program

What is Complete Community City of Durango Program?

Complete Community City of Durango Program is a shared-appreciation loan for homebuyers in Durango, Colorado.

• City of Durango Complete Community Loan -- a partnership between the City of Durango (funded by CDBG/DOLA + city general fund) and HomesFund. Provides up to $25,000 in shared-appreciation DPA to Durango workforce buyers. Designed to address Durango's housing-cost gap (median home prices routinely $600K+) for permanent La Plata County workers. In August 2017 HomesFund expanded eligibility from 80% AMI to 125% AMI; since extended again per current Freddie Mac DPA One income limits to ~150% AMI.
• Up to $25,000 in shared-appreciation down payment assistance for households purchasing within City of Durango limits and currently employed in La Plata County in a permanent job at 32+ hours/week. Allows higher income limit (originally 125% AMI in 2017.
• expanded to ~150% AMI per Freddie Mac DPA One 2026 data) because of Durango's high cost of housing. No monthly payment.
• repaid at sale/refi/transfer with pro-rata share of appreciation.
• Funding comes from Local Government, CDFI, and Foundation.

Do you have to pay it back?

Complete Community City of Durango Program is a shared-appreciation loan and is repaid under the terms set by the administering agency.

• Repayment is triggered by Sale, transfer, cash-out refi, loss of owner-occupancy, or 30-year maturity.
• The assistance is recorded in 2nd position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Complete Community City of Durango Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Complete Community City of Durango Program limits household income to 150% of the area median income, which varies by county and household size.

• Up to 150% AMI for households purchasing in Durango city limits and working in La Plata County 32+ hrs/week. Per Freddie Mac DPA One: $91,000 (1-2 person) to $171,500 (large-household). CDBG-funded loans separately capped at 80% AMI per HUD CDBG rules.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Complete Community City of Durango Program caps the purchase price at $640,000.

• Eligible property types include SFR, townhome, condo, PUD within Durango city limits.
• New construction is eligible.
• Manufactured homes are eligible.

Where does it apply?

Complete Community City of Durango Program serves buyers purchasing in Durango, Colorado.

• The program targets specific areas: City of Durango incorporated municipal limits only.

How do you apply?

Applications for Complete Community City of Durango Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HomesFund HUD-approved Homebuyer Education + 1-on-1 housing counselor session required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application via HomesFund; subject to City of Durango / DOLA CDBG fund availability, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.