Anvil Townhomes

The Anvil Townhome units will soon be available for-sale to income-qualified buyers. The application period has not yet been announced. 

When the application period opens, interested buyers must submit an application to be entered into a drawing. This drawing will determine the Waitlist order, which is the order in which qualified buyers will purchase a home.

Applicants must meet the income requirements for the unit they are applying for and be pre-approved for a mortgage at the home's sale price. Sale prices will be published when the application period is announced. 

Applicants may also earn additional entries into the Waitlist Drawing if they are employed, retired, or living in San Juan County. 

There will be four waitlists: 

• 3 homes available at 80% AMI (Area Median Income)
• 3 two-bedroom homes at 100% AMI
• 2 three-bedroom homes at 100% AMI
• 1 three-bedroom home at 140% AMI

All homes will be subject to affordability covenants designed to keep them attainable for the community. These covenants require that the home be used as the owner's primary residence and limit the resale value with a 3% annual appreciation cap. 

If you are interested in applying, review the steps below to check your eligibility and begin preparing your application. 

Application Preparation

Step One: Review Income Requirements

• Check which AMI (Area Median Income) level your household qualifies for (80% AMI, 100% AMI or 140% AMI):
  • We've created an income-qualification assessment for the Anvil Townhomes to see which units you may qualify for: Preliminary Eligibility Assessment.
  • To determine your exact AMI level, refer to the 2025 San Juan County Area Median Income Chart.
  • If your income is just over the 80%, 100%- or 140% AMI income limits, we encourage you to connect with us.

Step Two: Review Program Guidelines

• The Anvil Townhomes have Affordability Covenants that govern the use and sale of the property while you own it. It is important to understand these use restrictions and if they align with your housing preferences and goals. 
• The Anvil Townhomes Ownership Program is adopted in the Silverton Affordable Housing Guidelines. Interested applicants are encouraged to review the Anvil Townhome Ownership Program requirements prior to applying. 

Step Three: Sign up for the SHA Email List

• While we do our best to communicate on a variety of outlets, our SHA Email List is where we will share important announcements concerning the development progress and application information. Register for the SHA Email List. 

Step Four: Take a Homebuyer Education Course 

• Taking a Homebuyer Education Course is an important step to learn about the mortgage and real estate process and fine-tuning your credit score and budget to ensure you are ready to own a home.
• We strongly encourage applicants to take a course from HomesFund as they offer significant down-payment assistance which may be the key to unlocking homeownership for you. Visit their website for their class schedule. Otherwise, Housing Resources of Western Colorado will be teaching a course in Spanish in-person in Silverton October 18th (details coming soon). 

Step Five:  Connect with a Mortgage Lender

• Contact a lender to understand your purchasing budget. You will need a pre-approval letter for the application once the sale prices are released.

Step Six: Stay Informed

• Watch for the official announcement of the application period opening and sale prices. 
• If you would like to discuss the program guidelines, affordability covenants, or application process, please contact Anne Chase at achase@silverton.co.us or 970-880-0278.