$1.15M In Grants and Loans Available to Qualified Denver Residents For Home Repair

Denver Urban Renewal Authority’s Housing Rehabilitation Program Invites Inquiries and Applications for 2017

April 25, 2017

DENVER — Denver Urban Renewal Authority (DURA) has received funds from the City of Denver’s Office of Economic Development to assist homeowners and renters in the City and County of Denver with home repairs to make their homes more safe and comfortable.

In 2017, DURA has funding to assist income-eligible homeowners with zero- and one percent (1%) interest loans of up to $34,999 each to address health and safety issues inside and outside home like installing a new roof or eliminating lead based paint, as well as zero interest loans up to $6,000 for emergency home repairs such as a new hot water heater or replacement of an inoperable furnace, and grants of up to $7,500 for renters and homeowners with disabilities to improve accessibility issues within the home, like ramps and roll in showers. In addition, in partnership with the State of Colorado, DURA offers one to three percent (1- 3%) interest loans to homeowners in Denver and Arapahoe Counties who need to repair or replace sewer and plumbing lines.

“Many of these homeowners would otherwise not be able to get the funds needed to make their home safe and livable,” said Taryn Lewis, housing program manager for DURA. “We believe that if people can make their own home safe and comfortable, then we are helping to keep people in their homes and preserving neighborhoods in the process.”

As part of DURA’s commitment to the homeowner, DURA manages the contractor to make sure repairs are completed quickly, at a competitive price, with the highest quality work, and in the best interest of the homeowner. Denver residents can get more information, including income guidelines, at www.renewdenver.org or by calling 303-534-3872 for an application.

About Denver Urban Renewal Authority

The Denver Urban Renewal Authority makes Denver stronger by assisting with thoughtful redevelopment and investing in neighborhoods with affordable loans for home repairs that allow residents to stay in their own homes. DURA partners with communities and city agencies when redevelopment or revitalization needs to happen, leading a thoughtful process that brings together neighborhoods and the city as a whole. DURA also offers zero- and low-interest loans to homeowners for emergency repairs and other rehabilitation that will make their home more safe and comfortable, including making grants to renters and homeowners for accessibility upgrades to their home. For more information, visit RenewDenver.org.