Town of Avon
A Partnership for Community: The Town of Avon & The Valley Home Store
The Valley Home Store proudly serves as the Program Administrator for the Town of Avon’s deed restricted housing program. Through this partnership, the Town of Avon and The Valley Home Store combine resources and expertise to ensure the program is managed with professionalism, transparency, and a focus on the community’s success and well-being. This collaboration underscores the Town of Avon’s dedication to fostering a vibrant, inclusive community by ensuring access to affordable housing for its local workforce and residents.
Guided by Avon’s housing goals and vision, The Valley Home Store provides a range of services to support the town’s affordable housing efforts, including:
Assisting buyers, sellers, lenders, and appraisers in the sale and resale of deed restricted housing
Calculating Maximum Sale Prices (MSP), including Permitted Capital Improvements (PCI)
Supporting buyers throughout the application process, verifying their eligibility, and ensuring all required deed restricted documentation is prepared for closing.
Facilitating lotteries for deed restricted units when needed
Offering homebuyer classes and individual credit counseling or budgeting sessions
Together, this partnership ensures Avon’s housing program is managed with the highest standards and always in the best interests of the community.
¡Mi Casa Avon! offers up to $100,000 to homebuyers to place a resident occupied deed restriction on the property they are purchasing within the Town of Avon. This preserves the unit for full-time residents in perpetuity and helps ensure that housing remains available for the local workforce. There is no price appreciation cap with ¡Mi Casa Avon!. Buyers work with their lender and real estate agent, alongside the Town of Avon, when purchasing the open market property of their choice. Funds are transferred to the title company at closing.
To learn more about ¡Mi Casa Avon!, including eligibility criteria and application instructions, visit the Town of Avon Housing Site. Eligible applicants can apply directly through the Town of Avon.
Deed Restricted Housing
Price Capped Deed Restricted Housing
Price Capped Deed Restricted properties are administered by The Valley Home Store on behalf of the Town of Avon. The Valley Home Store provides the following services to support buyers, owners, and sellers:
Assisting buyers in understanding deed restrictions and completing the application process
Processing Permitted Capital Improvements and determining the Maximum Sale Price (MSP)
Supporting sellers in preparing their property for resale
Price Capped Properties:
Click on each property to view its specific deed restriction.
Resident Occupied Deed Restricted Housing
Resident Occupied Deed Restrictions are administered by The Valley Home Store on behalf of the Town of Avon to ensure that all buyers and owners meet specific eligibility requirements. The Valley Home Store provides the following services:
Assisting buyers with the application and selection process.
Guiding sellers through the resale process.
Resident Occupied Properties:
Click on each property to view its specific deed restriction.
Buyers
If you are interested in purchasing a deed restricted property in the Town of Avon, The Valley Home Store is here to guide you every step of the way. Check out our Current Listings to see if a deed restricted property is available for sale in the Town of Avon and to learn more about the application process.
Review the Deed Restrictions and Housing Guidelines: Carefully review the Avon Community Housing Policies and the deed restrictions for the property you are considering purchasing. These documents provide essential information about the program, administration, restrictions, eligibility, and selection process.
Complete the Application: Fill out the Town of Avon Deed Restricted Housing Application.
Submit the Application: Submit the Housing Application along with any supporting documents required for eligibility to The Valley Home Store.
The Valley Home Store is committed to providing clear, neutral guidance to ensure buyers feel supported throughout the process.
Additional Resources:
Sellers
While selling a deed restricted property may seem complicated, The Valley Home Store is here to guide you through every step and ensure full compliance with all program requirements.
Contact The Valley Home Store: Notify The Valley Home Store of your intent to sell by emailing info@valleyhomestore.org.
Review the Seller’s To-Do List: Understand the Seller’s To-Do List and the steps required to prepare your property for resale.
Complete the Permitted Capital Improvement Process: Follow the Permitted Capital Improvements Process List to ensure you complete all required steps.
Determine the Maximum Sale Price: The Valley Home Store will calculate the maximum allowable sale price based on your deed restriction.
The Valley Home Store works closely with sellers to ensure a smooth and transparent process, always keeping the community’s best interests in mind.
Additional Resources:
Owners
As a current owner of a deed restricted property, you are required to continually comply with the deed restriction and Avon Community Housing Policies, if applicable. The Valley Home Store provides the following services to support you:
Annual Compliance: Ensure your property remains in compliance with the requirements outlined in your deed restriction. Each year, around February 1st, you will receive an email with a link to complete your Annual Recertification. Once your submission is received, The Valley Home Store will provide an updated valuation within two weeks. Please note that, due to the high volume of responses during this period, it may take additional time to address each submission.
Leave of Absence Requests: A leave of absence for a Community Housing Unit may be granted at the sole discretion of the Program Administrator. Owners must provide written evidence explaining the reason for the leave and a commitment to return. This request must be submitted for review and approval prior to leaving. Any approved leave must comply with the terms of the deed restriction, and the unit may only be rented to an eligible household during the absence.
No Short-Term Rentals: Short-term rentals are strictly prohibited in all Community Housing Units, regardless of type. For more details, review the applicable deed restriction and Avon Community Housing policies.
The Valley Home Store is committed to providing excellent customer service and ensuring that owners feel supported in maintaining compliance with their deed restrictions.
Additional Resources:
A Model for Regional Collaboration
The partnership between the Town of Avon and The Valley Home Store is a testament to the power of regional collaboration. By working together, the teams at Town of Avon and The Valley Home Store are addressing housing challenges collectively and ensuring that Avon’s workforce has access to affordable housing options. This partnership sets a strong precedent for other municipalities, demonstrating how collaboration can lead to innovative solutions for complex issues.
Together, we are building a stronger, more resilient community!
