A program to help Coloradans make their rent and mortgage payments has launched, the governor's office and state officials announced in mid-July.
“COVID-19 has affected every aspect of our lives — undermining not only our personal health but our economic wellbeing as well,” said state Sen. Rachel Zenzinger, D-Arvada, in a news release. “Countless Coloradans are facing eviction or foreclosure if they don't receive help, which is why I am proud to see this program launch and for families to get the relief that they so desperately need.”
Gov. Jared Polis and the Colorado Department of Local Affairs announced the Property Owner Preservation program, resulting from state House Bill 20-1410, a recently-signed act that provides $20 million in direct rental and mortgage assistance to Coloradans experiencing financial need, including $350,000 for legal aid for renters at risk of eviction.
Landlords and property owners can apply for assistance on behalf of multiple tenants, and tenants can also apply on their own. Visit cdola.colorado.gov/rental-assistance or call 303-864-7810 for the steps to apply.
Income restrictions may apply based on the chart listed at tinyurl.com/IncomeRequirement. For example, the maximum monthly household income for the month prior to a request for assistance in Denver metro-area counties is $4,579.
House Bill 20-1410 allocates $19,650,000 to the Housing Development Grant Fund administered by the Division of Housing within the Colorado Department of Local Affairs, according to the governor's office news release.
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