Silverthorne hosts pumpkin fest
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The third annual Pumpkin Fest returns to the Silverthorne Pavilion from 10 a.m. to 2 p.m. Saturday. Nearly 1,000 pumpkins are donated by Premier Mortgage of Silverthorne every year for the event.
The festival will incorporate several family activities to celebrate the Halloween season.
Families are invited to choose a pumpkin from the pavilion lawn, then warm up inside the pavilion while participating in carving, painting, costume and cookie-decorating contests. Games and photography will also be available. There will also be a pumpkin pie baking contest for all ages and a free costume swap.
SHA $17,000 for local down-payment assistance
The Summit Housing Authority (SHA) has announced that the Regional Colorado Association of Realtors Housing Opportunity Foundation (CARHOF) has awarded a total of $17,000 to SHA in funding for the Down Payment Assistance Loan Program. The loan will be in the form of a second mortgage with a maximum assistance of $3,000 that will be used to help with down payment and closing costs.
CARHOF funds are derived from interest earned from money put down on a contract for real estate.
The money could help many employed Summit County residents with a good job history and good credit who haven’t been able to save the funds needed for a down payment because of the high cost of living in Summit County.
The terms of the loans are as follows:
n Loan recipients must work in Summit County and purchase a home in Summit County.
n Maximum loan amount is $3,000.
n Household assets cannot exceed $10,000 (assets under this limit do not include clothing, furnishings, autos or retirement accounts).
n Interest rate is a fixed 3 percent.
n Principal plus 3 percent interest is due five years from issuance or when the home is sold or refinanced.
n Loan recipients must enroll in Summit Housing Authority’s approved housing counseling course.
n Maximum annual income levels cannot exceed 100 percent of Area Median Income (AMI).
Contact Jennifer Bell at Summit Housing Authority for more information. She can be reached at (970) 453-3558 or by e-mail at
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