Colorado Department of Local Affairs is having a meeting to talk about funding availability for post-disaster recovery. The meeting will be at Grand Fire (in Granby) on November 30th at 5:30pm.
Last spring the state legislature set aside $15M to use as loans and grants for homeowners and agencies affected by eight Natural Disasters, including the East Troublesome Fire. Complete information on the program can be found at https://cdola.colorado.gov/housing-recovery-program.
Housing Recovery Program Overview
The purpose of the State of Colorado Housing Recovery Program is to provide additional rebuilding resources for those needing assistance in order to remain in their communities following a natural disaster. The program aims to promote rebuilding in accordance with high performance building standards adopted by local communities and voluntary sustainable building elements that exceed local code requirements, including the incorporation of fire-resistant building materials and energy efficiency measures.
Through this program, disaster-impacted households can apply for grants or loans. The grant program provides rebuilding grants to those whose income is at or below 150% of the Area Median Income. Those that are above this income level may apply for a traditional loan with favorable terms of up to $50,000 to assist with their rebuilding costs. Traditional loans are also available to households eligible for grant funding if additional funding is needed to complete their rebuilding. Grant funds will be provided in the form of a forgivable loan. Together, this program aims to help Coloradans who have been affected by natural disasters not only rebuild their homes, but produce healthier, safer and more resilient homes throughout the state.
Households applying for the Housing Recovery Program can also opt in to the Colorado Energy Office’s Recovery and Electrification Program through the Household Recovery application. This program offers an additional $10,000 incentive for incorporating select energy efficient options that reduce the use of natural gas.
Eligible applicants include persons who owned a disaster impacted home as their primary residence at the time of an eligible state-declared disaster (listed below). Eligible property types include: single family residences, duplexes, townhomes or condominiums, and manufactured homes or mobile homes permanently affixed to permanent foundations and taxed as real property that sustained major or severe damage. Second homes and short term rental properties are not eligible for this program.