Lottery applications for the resale of a home at Vail Commons are due to the Town of Vail Housing Department, 75 S. Frontage Road, by 4 p.m. Monday, May 20. The 927 square feet, two-bedroom, one and one-half bath home is located at 2094 Zermatt Lane, Unit A, in West Vail.
The lottery is open to any qualifying individual interested in purchasing the deed-restricted home for $191,820. The Valley Home Store will conduct open houses at the property from noon to 2 p.m. on May 9 and 4 to 6 p.m. on Wednesday, May 15.
Lottery applicants must meet the following basic eligibility requirements to qualify:
The lottery drawing will take place at 5 p.m. on Wednesday, May 29 in the Vail Town Council Chambers and will be based on a true weighted lottery system. Up to five tickets will be issued to applicants based on the following:
Vail Commons homes have a resale price appreciation cap of 3 percent per annum plus any approved capital improvements. See the Town of Vail Housing Guidelines July 4, 2018 for additional information.
Additional information including applications and the deed restriction are located on the town's website at https://www.vailgov.com/departments/housing/current-listings.
For additional details, contact Lynne Campbell, the town's housing coordinator, at 970-479-2150 or email email@example.com.