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San Luis Valley Habitat for Humanity Homeownership Program

Alamosa, Colorado

Last verified
See what you qualify forOfficial program site →
Income limit

60% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven once the program's conditions are met

What is San Luis Valley Habitat for Humanity Homeownership Program?

San Luis Valley Habitat for Humanity Homeownership Program is a forgivable loan for homebuyers in Alamosa, Colorado.

  • San Luis Valley Habitat for Humanity provides affordable homeownership through sweat equity in rural San Luis Valley (Alamosa, Conejos, Costilla, Rio Grande, Mineral, Saguache counties). Coordinates with SLVHC. Below-market mortgage financing.
  • Affordable homeownership for San Luis Valley families.
  • rural Colorado.
  • sweat equity model.
  • below-market mortgage.
  • partners with SLV Housing Coalition.
  • Funding comes from Nonprofit, Federal, and Private.

Do you have to pay it back?

San Luis Valley Habitat for Humanity Homeownership Program is a forgivable loan, so the balance is forgiven once the program's conditions are met.

  • Repayment is triggered by Sale and Refinance.
  • The assistance is recorded in 1st Lien (Habitat mortgage) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

San Luis Valley Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Habitat homeownership education required; SLVHC partners
  • Residency: State Resident
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • Income 30-60% AMI; San Luis Valley counties; sweat equity required; Habitat-built home

The program excludes

  • Manufactured homes
  • Households above 60% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

San Luis Valley Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size.

  • Income 30-60% AMI; San Luis Valley AMI (rural, lower income thresholds).
  • 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?

San Luis Valley Habitat for Humanity Homeownership Program caps the purchase price as follows: Habitat-built homes at affordable below-market prices.

  • Eligible property types include Single Family.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

San Luis Valley Habitat for Humanity Homeownership Program serves buyers purchasing in Alamosa, Colorado.

  • The program targets specific areas: San Luis Valley: Alamosa, Conejos, Costilla, Rio Grande, Mineral, Saguache.

How do you apply?

Applications for San Luis Valley Habitat for Humanity Homeownership Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Habitat homeownership education required; SLVHC partners.

  2. Contact the administering agency to reserve funds

    Funds are reserved through First-Come-First-Served, and are subject to availability.

  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.

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