Colorado Shifts Mortgage-Settlement Funds
DENVER (AP) – A $23 million chunk of Colorado’s share of the nationwide $25 billion federal mortgage banking settlement is being reallocated to help provide affordable housing, including for residents of counties hit by floods and wildfires.
Colorado Attorney General John Suthers said in a statement Wednesday that rental vacancies have dwindled and too many displaced residents still are struggling to find new homes.
Suthers says many people hit by wildfires and the September floods over the past two years have an immediate need for housing assistance.
Suthers is shifting money away from state programs he says are overfunded, including $20 million that had been allocated to supplemental loans and $3 million from housing counseling support.
Colorado Floods: How To Help
The recent floods are impacting families and communities throughout Colorado, so CBS4 has compiled a list of ways you can support the local communities impacted by the floods.
More September Flooding Stories
- Parks And Trails Devastated By Flooding Will Rebuild With $13 Million In Grants
- Flood And Fire Victims Can Get Free Sandbags In Larimer County
- U.S. Highway 36 Near Estes Park Closing For Blasting
- CU-Boulder Tests Warning System In Preparation For Flood Season
- Boulder County Getting Serious About Removing Flood Debris
- New Worry For Flood Survivors: Insurance Cost Hike
- Historic Floods Couldn’t Sink Community Of Lyons
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)