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Denver rents are up 20% since 2019. They’re still rising, but not quite as fast.

What’s Working: A version of this story first appeared in a segment of our weekly What’s Working column on July 23, 2022. Additional details are included in this story. Read the full column. >> Sign up for the newsletter Just like home prices, rents are still much higher than they were pre-pandemic. According to Zillow’s […]

Posted inBusiness, Economy, Housing, News

What’s Working: More home sellers cutting for-sale price in metro Denver, Colorado Springs

Putting your house up for sale is stressful enough. Now, sellers find themselves having to cut their listing price after the home is already on the market.  Two to three times more sellers in Denver, Fort Collins and Colorado Springs reconsidered their list prices and then lowered them in June compared to a year ago, […]

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Colorado’s pandemic housing-assistance program now open to non-pandemic applicants

State and local resources have provided housing aid to many victims of the devastating Marshall fire in Boulder County. But another barely touched pot of money comes from an unlikely source: federal COVID relief funds. The Emergency Rental Assistance Program, which pays up to 15 months of rent for those experiencing pandemic income loss, has […]

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Demand for pandemic rental assistance in Colorado jumped 33% in November

A program that covers rent for struggling Coloradans saw a 33% increase in applicants in November compared with the average of prior months, and reasons for that include a more efficient system for processing and awareness that help is available.  The Emergency Rental Assistance program, which launched in March, hit a program high of 4,700 […]

Posted inBusiness, COVID, Housing, News

Colorado launches program to help homeowners struggling with their mortgage payments

A new Colorado pilot program to help struggling homeowners make past-due mortgage payments is now up and running and offering up to three months of payments.  The Emergency Mortgage Assistance Program, or EMAP, has been in development since $10 billion in the American Rescue Plan was set aside by Congress in March for housing aid. […]

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Colorado’s COVID rent-assistance program may have paid up to $4.4 million in error, audit finds

A popular COVID-19 rental assistance program mistakenly paid out at least $625,000 and perhaps as much as $4.4 million, the Colorado Office of the State Auditor said in a report released Monday.  The state Division of Housing used the Property Owner Preservation program to make rent payments to landlords whose tenants had lost jobs or […]

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Colorado’s free rent program has paid out 15.2% of its available federal funds

A program offering up to 15 months of free rent has paid out 15.2% of available funds in its first six months. Payments are speeding up with one-third of the funds distributed in August after the state housing agency made changes to address payment delays. The Emergency Rental Assistance Program, overseen by the Colorado Department […]

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Colorado’s COVID rent-assistance program is now paying out five times more following changes

A struggling renter’s last hope is now the Emergency Rental Assistance Program following last week’s abrupt end to the national eviction moratorium. A renter can receive up to 15 months of unpaid back and future rent through ERAP, thanks to two rounds of federal relief packages. But six months after launching, Colorado’s program had paid […]