State gets $700K in HUD grants

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Colorado recently received almost $700,000 in grants from the U.S. Housing and Urban Development.

The HUD grants are part of almost $73 million in nationwide housing counseling grants to more than 500 national, regional and local organizations. The grant represent an increase of about $13 million, or 22 percent higher, than last year’s funding level. The grants are part of the Obama Administration’s efforts to help families find decent housing and prevent future foreclosures.

“Front-line” help

“These organizations are on the front lines of helping families who are desperate to remain in their homes,” said HUD Secretary Shaun Donovan.  “Now, more than ever, it’s crucial that we support these agencies that are working with struggling families on a one-to-one basis to manage their money, navigate the home-buying process, and secure their financial futures.”

Housing counseling grants will assist families in becoming first-time homeowners and remaining homeowners after their purchase.  HUD-approved counseling agencies not only provide homeownership counseling, but also offer financial literacy training to renters and homeless individuals and families.

Foreclosure prevention crucial

“Now, more than ever, it is crucial that Americans better understand how to manage their money, navigate the home-buying process, and secure their financial future.” added Donovan.  “This critical funding will help counseling organizations continue to assist families in making more informed choices before they purchase a home and counsel families facing foreclosure.”

In Colorado, the distribution of the $689,999 in grants includes:

  • Adams County Housing Authority, $41,882.73
  • Boulder County Housing Authority-$10,205 and $43,357.60
  • Brothers Redevelopment, Inc.-$10,000  and $44,832.47
  • City of Aurora Community Development Division-$42,865.98
  • Colorado Coalition for the Homeless-$35,834.
  • Colorado Housing Assistance Corporation-$42,374.36
  • Denver Housing Authority-$40,899.48
  • Douglas County Housing Partnership-$40,899.48
  • Grand Junction Housing Authority-$10,000 and $39,916.24 Housing Solutions for the Southwest-$12,876. and $41,391.11
  • Neighbor to Neighbor-$45,815.72
  • Northeast Denver Housing Center-$29,184.15 and $43,849.23 Partners in Housing-$36,600
  • Southwest Improvement Council-$41,882.73
  • Upper Arkansas Area Council of Governments (Canon City)-$35,000

Contact John Rebchook at JRCHOOK@gmail.com

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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