Sustaining the American Dream
Homeownership has long been considered a critical component of the American Dream and achieving financial independence. However, emergency repairs and accessibility improvements can sometimes exceed the financial capacity of seniors and hardworking families. In recognition of this, the El Paso County Economic Development division has partnered with Brothers Redevelopment, a non-profit agency based out of Denver, to provide eligible residents of the County with a housing rehabilitation program. This program provides grant or loan funding to remove accessibility barriers for persons with disabilities, as well as health and safety improvements to the home. This program does not fund cosmetic improvements, such as repainting the exterior of a home or landscaping.
Two types of funding are offered through the Single-Family Housing Rehabilitation Program:
- Grant: this source of funding is provided through the El Paso County Community Development Block Grant entitlement funds. Exact amounts available vary by year. This source of funding is only available to residents who are within the 0%-50% income limits as delineated under the eligibility section.
- Loan: loans are provided through a revolving loan funding source managed by the El Paso County Housing Authority. All loans are 0% deferred and must be paid in full when the homeowner sells or refinances the home. The loan program is available to residents in the 51%-80% income limits as delineated under the eligibility section.
Income-qualified homeowners of owner-occupied real property who reside in the following locations may apply for the program:
- Green Mountain Falls
- Manitou Springs
- Palmer Lake
- All unincorporated areas of El Paso County