PROFESSIONAL_SERVICESONGOING

san-miguel-county-housing-authority-resolution-2025-23_da2.pdf

County tasks SMRHA with deed restriction administration

San Miguel CountySAN MIGUEL REGIONAL HOUSING AUTHORITYJuly 23, 2025

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Description

The San Miguel County Housing Authority authorized San Miguel Regional Housing Authority staff to administer and implement affordable housing deed restrictions, including offering property owners options to revert to earlier covenants and ensuring all related documents are properly executed and recorded. The 2010 Amended and Restated Deed Restriction and Covenant will govern eligible properties through May 18, 2042, with a potential 50‑year extension at the County’s option.

Contract Details

Vendor

SAN MIGUEL REGIONAL HOUSING AUTHORITY

Agency

San Miguel County, CO

Contract Type

PROFESSIONAL_SERVICES

Document Date

July 23, 2025

Contract Term

Effective upon execution; Covenant term through May 18, 2042, with County option to extend 50 years after public hearing

Renewal Date

2042-05-18

Renewal Info

The underlying 2010 Covenant runs through May 18, 2042, with an option for the County to extend the duration for an additional 50 years after a public hearing and public comment; SMRHA’s administrative role continues as the County’s designee unless changed by the County.

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