The cost of living continues to rise in Colorado. Be prepared to pay more for housing if you are planning to move to Colorado. To acquire an average home in Colorado, you need to be earning at least a $100,200 salary. You will pay $1,305 for a two-bedroom apartment, which is more than the national average by $130. Even the cost of food is higher in Colorado. You can however get the assistance you need for housing, including home repairs if you need to make some improvements. Keep reading.
Tri-County Housing & Community Development Corporation’ Owner-Occupied Rehab Program
The purpose of this program is to offer financing to Colorado homeowners living in Bent, Crowley, and Otero Counties. The funding can help single moms, disabled, veterans, and the senior homeowners with home repairs to improve their living conditions. To qualify for the program assistance, your repair needs must be aiming to improve the health and safety conditions and strengthen the structural integrity of their homes. The program assistance is also available to the disabled and seniors looking to conduct modifications to their homes. For more details, please visit http://www.tchcdc.org/programs.aspx.
Prairie Development Corporation
This agency provides home repair support to Colorado homeowners residing in Cheyenne, Elbert, Kit Carson, and Lincoln Counties. Through this program, homeowners in the service areas can have access to affordable low-interest loans to enable them to make emergency repairs. You can also use the funds to rehabilitate your home. Read more at http://www.prairiedevelopment.com/housing/index.htm.
Delta Housing Authority
The Delta Housing Authority provides financial assistance to homeowners in Delta, Gunnison, Hinsdale, Montrose, Ouray, and San Miguel Counties. The agency provides affordable loans to homeowners to carry out home repairs. You can even choose a contractor you want to do their repairs for you. Families can borrow up to $24,999 with more favorable terms and affordable interests compared to other loan products. You may use the finds for plumbing, roofing, electrical, gutters, doors, windows, weatherization services, heating systems, code violation correction, and handicap accessibility modifications. Visit https://deltahousingauthority.org/rehabilitation-program/ for more details.
South Central Council of Governments
This agency serves homeowners residing in Huerfano and Los Animas Counties. The senior, disabled, veterans, and single mom- homeowners can receive up to $24,999 to help with home repairs and upgrades. Once qualified, families can use the funds for plumbing, roofing, heating, solve septic issues, electrical, and foundation. Want to conduct disability modifications? Well, you may also use the funds to install walk-in tubs and showers. Read more at https://www.colorado.gov/pacific/sccog/housing-rehabilitation-emergency-repairs.
Loveland Housing Authority
This authority provides up to $24,999 loans to homeowners in Larimer County to assist with home repairs. The loans have only up to a 2% interest rate. Qualified families are given up to 30 years to repay the loans. Learn more at https://lovelandhousing.org/home-ownership/larimer-home-improvement-program/.
Emergency Home Repair (HER) Program
The purpose of this program is to address issues that pose a threat to the health and safety of low-income homeowners in Denver. Through this program, homeowners can receive up to $10,000 0% interest deferred loans. The loans are only repaid once you change ownership, resell, or refinance your home. Qualified families can use the loan funds to perform essential emergency home repairs, including heating, plumbing, electrical, gutters, and roofing. Denver Urban Renewal Authority (DURA) administers this program and is committed to ensuring that contractors complete repairs quickly. They also ensure they charge a fair price. DURA ensures contractors deliver high-quality work and that the homeowners’ best interests are taken into consideration. Read more at https://renewdenver.org/housing-rehabilitation/emergency-home-repair/.
Emergency Repair Program
This program is available for homeowners residing in the City of Colorado Springs. The program provides grant support to help homeowners deal with health and safety hazards. You can use the grants for plumbing, replacement of furnaces, boilers, and water heaters. If you reside in a mobile or manufactured home, you can only qualify for repairs limited to plumbing and mechanical systems. You can receive up to $7,500 for sewer lines and $2,500 for other emergencies. To qualify for the program support, your family must meet the current income guidelines. You must provide proof that you own and occupy the house. You must be using the home as your primary residence and located in the floodplain. Brothers Redevelopment offers this program. You can visit http://www.brothersredevelopment.org/ to seek assistance with home repairs.
Owner Occupant Rehabilitation Program
The purpose of the Owner Occupant Rehabilitation Program is to help homeowners make the necessary home improvements. You can use the program funds to repair or replace failing housing conditions and make your home more energy-efficiency. You can repair leaking roofs, plumbing, replace furnaces, repair or replace doors and windows. To facilitate and ensure this program is effective, the Community Development Agency has partnered with Brothers Redevelopment. You must meet the current income guidelines, provide proof of homeownership and occupation, use the property as your primary residence, located in the floodplain. You have a Redevelopment Specialist assigned to inspect your home and identify if home improvement is necessary. You will also have access to a contractor to repair your house through a competitive quote process. You do not directly have access to the funds. Instead, the program will have funds disbursed to your contractor to make the necessary improvements. Single mothers, disabled, veterans, and the elderly homeowners can apply for assistance. Visit http://www.brothersredevelopment.org/ for more information.