Fairplay: A Scenic Mountain Gateway and Outdoor Haven in Colorado

Fairplay is a picturesque mountain town located at the junction of Highway 285 and Highway 9, offering convenient access to Denver, Breckenridge, and other Rocky Mountain destinations. Known as the “Trout Fishing Capital of Colorado,” Fairplay boasts 50 miles of Gold Medal trout streams and a variety of outdoor activities, including hiking, biking, and snowshoeing.

This historic town is part of the South Park National Heritage Area, celebrated for its 19th-century ranches, mines, and the South Park City Museum, which features over 40 preserved buildings from the Old West. Its strategic location and scenic appeal make Fairplay a gateway for visitors exploring the Rockies and a residential hub for those seeking proximity to Breckenridge and Summit County.

Colorado Prop 123 Land Banking Program – Capital Advantage

This site qualifies for Colorado’s Proposition 123 Land Banking Program, offering one of the most attractive land acquisition structures currently available for affordable and workforce housing development.

Program highlights include: (Add Icons from OM)

• Up to 100% loan-to-value financing
• Forgivable loan structure at 2.0% simple interest
• Up to a 10-year term with no required payments
• No cash required for land acquisition
• 100% principal and interest forgiveness upon delivery of qualifying housing

The property is fully eligible under the program allowing qualified sponsors to control the site with no upfront equity and effectively reduce land basis to zero upon completion.

Strategic Benefits

By combining a shovel-ready site with this financing structure, the Bluffs of Fairplay offers:

• Ability to secure prime land with minimal capital
• Long-term runway for planning and entitlements
• Enhanced competitiveness for LIHTC and other funding
• Protection against land cost inflation
• Improved project economics and returns
• Strong positioning for public-private partnerships

The project is ideally suited to serve the “missing middle,” targeting households earning approximately 60%–120% AMI, including educators, healthcare workers, first responders, and resort employees.

Ideal Development Partners

• Affordable housing developers
• Nonprofit sponsors
• Community land trusts
• Housing authorities
• Public-private partnerships
• Private developers partnering with nonprofits