Colorado Receives Nearly Half A Million In Housing Funds

Dated: 06/30/2016

Views: 1072

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The Denver Post announced some exciting news for current and prospective homeowners in Colorado: last week the state was given $499,691 by the U.S. Department of Housing and Urban Development that will assist more than 1.4 million families find housing, make better housing choices or keep their homes.


HUD Rocky Mountain Regional Director said that this funding will go to counseling organizations across the Rocky Mountain Region to support current and prospective homeowners and renters so that they have the information and education to make choices to address their housing needs and what works with their financial situations.


The counseling organizations are tasked with:

  • Addressing families’ housing counseling needs, including helping homebuyers decide if they are ready to purchase a home

  • Making sure potential buyers understand financing and down payment options and navigate the home-buying process

  • Assist in finding affordable rental housing and assist families or individuals with credit problems

This year, HUD awarded more than $42 million in housing counseling grants to31 national and regional organizations, five multistate organizations, 17 State Housing Finance Agencies and 181 local housing counseling agencies. Based on their research, counseling improves housing outcomes for homebuyers, homeowners and renters.


Are you ready to start the home search in Denver? Contact Metrowest today – we’d love to work with you!

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