Lone Tree Affordable Homes Guide: Programs, Rentals and Homes

Affordable housing in Lone Tree: what exists and how buyers get in

Affordable housing in Lone Tree is limited, but it isn't zero. For buyers, the real paths are the condos and townhomes that list for less than Lone Tree's typical single-family home, plus down payment help from the Douglas County Housing Partnership and CHFA. For renters, Lone Tree has two income-restricted apartment communities. The City has also committed to more attainable housing through Colorado's Prop 123 program and its new development code. Here is where things stand for Lone Tree, CO affordable homes in 2026. Call or text 303-955-4220. A live person answers.

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The Douglas County Housing Partnership's office is in Lone Tree, and the City of Lone Tree is one of its funding partners. Program details and approved lenders are on DCHP's down payment assistance page.

CHFA loans for Lone Tree buyers

The Colorado Housing and Finance Authority's income limits for Douglas County, effective June 15, 2026:

• FirstStep and FirstGeneration: $144,000 for a household of one or two, $165,600 for three or more
• SmartStep, Preferred and HomeAccess: $178,920
• FirstStep purchase price limit: $832,750

CHFA down payment assistance is paired with a CHFA first mortgage: a grant of up to the lesser of $25,000 or 3% of the first mortgage that is not repaid, or a deferred second mortgage of up to the lesser of $25,000 or 4%. You need a 620 credit score, a $1,000 minimum contribution, a CHFA homebuyer class and a CHFA participating lender. CHFA's down payment assistance page has the details. Compare other routes in our first-time buyer guide.

Income-restricted rentals in Lone Tree

• Forte: a 101-unit 55+ apartment community in RidgeGate for households earning 30% to 80% of area median income, funded in part with CHFA tax credits awarded in 2023.
• Talus Apartments: 67 units at 10810 Rail Way, completed in 2023 and fully leased, per the City.

Both are rentals listed by the Douglas County Housing Partnership, not homes for sale.

What Lone Tree is doing about attainability

Lone Tree's City Council supported Proposition 123 in 2022, and the City now has a Prop 123 commitment in partnership with the Douglas County Housing Partnership. A state planning grant is paying for half of Lone Tree's new Unified Development Code, a rewrite running from April 2026 through December 2027 that includes housing diversity and attainability and a faster review path for affordable projects. The City also has an adopted RidgeGate East Attainable Housing Plan, and its strategic plan commits to financially accessible housing that encourages homeownership.

New for-sale projects the City has approved include Lyric (190 condos and 80 townhomes), Thrive Townhomes at RidgeGate (54 townhomes) and Hawkview at Willow Creek (274 townhomes, first homes projected for late 2026 or early 2027). These are market-rate projects; the City hasn't announced income limits for them.

Light rail in Lone Tree

Lone Tree has five RTD light rail stations: County Line, Lincoln, Sky Ridge, Lone Tree City Center and RidgeGate Parkway, the end of the line. Living near a station can lower what you spend on driving, which matters as much as the price when a budget is tight. See Lone Tree homes near light rail.

The list above updates live from the MLS and is short, so set a saved search to hear about new ones first. If it's thin, look at Lone Tree condos, price-reduced Lone Tree homes, and nearby options in our Colorado affordable homes guide.

Start with a plan, not a listing

The Kenna Group at Keller Williams DTC helps first-time and budget-minded buyers find a way into Lone Tree and the south metro. Call or text 303-955-4220. A live person answers.

The Kenna Group is a real estate group with Keller Williams Realty DTC, LLC (Keller Williams DTC), formerly known as Kenna Real Estate Group, serving Denver metro home buyers and sellers.