The Community Development Division invests the City’s HUD grant funds in both preserving existing affordable housing for homeowners and in helping first time homebuyers afford their first home.
Owner Occupied Housing Rehabilitation
The City contracts with Brothers Redevelopment, Inc., to administer a home repair program for low-income individuals, most of whom are seniors and individuals with disabilities. The goal of the program is to prioritize repairs related to life safety, building systems, and accessibility. Many of the repairs are considered emergency situations, where a household does not have a functioning sewer, heat, or hot water. Other accessibility improvements include entry ramps and conversions from bathtubs to walk-in showers.
Brothers Redevelopment also administers a Paint-a-Thon program that complements the repair program, addressing exterior paint improvements for low-income households.
Both programs allow households to devote their limited savings to their other important costs, such as medication, groceries and bills, while still maintaining their most important investment—their home.
Examples of Impact
The Community Development Division currently partners with Pikes Peak Habitat for Humanity and the Rocky Mountain Community Land Trust to provide affordable homebuyer opportunities for low-to moderate-income households.
The land trust model reduces the cost of homeownership by allowing shared investment in the property, roughly divided between the value of the land and the value of the improvements. As a HUD-Certified Housing Counselor, Rocky Mountain Community Land Trust also offers homebuyer training and related resources such as household budgeting to enable successful and sustainable homeownership over the long-term.
The City’s partnership with Pikes Peak Habitat for Humanity provides affordable mortgages to qualified, first-time homebuyers who demonstrate their readiness to become homeowners by contributing sweat equity to each home being built.
Funding and Outcomes
The owner-occupied housing rehabilitation program is funded with Community Development Block Grant (CDBG) funds and the homeownership assistance partnerships are funded with HOME Investment Partnerships (HOME) grant funds from HUD. Allocations are detailed in the City’s HUD Annual Action Plan (AAP).
Outcomes are reported in the City’s HUD Consolidated Annual Performance and Evaluation Report (CAPER).