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Grand County opens review of High Density Housing Overlay after lenders and developers say deed restrictions hinder financing and sales
Summary
Developers and mortgage lenders told the commission deed-restriction enforcement language in the High Density Housing Overlay has made units ineligible for FHA and other agency financing, leaving at least 14 units unsold at Murphy Flats and slowing additional construction; commissioners directed the housing subcommittee to redline changes and bring revisions to planning commission for expedited review.
Developers, lenders and community housing advocates asked the Grand County Commission to expedite changes to the High Density Housing Overlay (HDHO), saying enforcement language and deed‑restriction mechanics have made several HDHO units ineligible for agency-backed mortgages and have left units unsold or vacant.
Loan originators and representatives for the Murphy Flats project explained that an FHA determination in January 2025 found an "impermissible restriction on conveyance" in that condominium project, which rendered…
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