Colorado Springs administers several programs to distribute federal funds from the U.S. Department of Housing and Urban Development.
In fact, there’s a pool of about $700,000 available to help area residents install new windows, doors, furnaces, water heaters and other necessities. It’s distributed by the city’s Housing Development Division.
Loans are available to low- and moderate-income residents. There’s also money for landlords to help rehab rental units they own. And for folks needing to make their homes handicapped accessible.
There’s just one problem. Few people are applying for the rehab funds.
We’re talking loans with 3 percent interest rates to those who qualify. Some can get loans with no interest!
All you have to do is apply. The first step is calling the city’s rehab coordinator, Eileen McMullen, at 385-6877 or the main office at 385-5912.
McMullen and her office will talk about what’s available — the city won’t buy hot tubs or water sprinklers. But it will lend money for windows, doors, roofs, furnaces, hot water heaters and more.
For owner-occupied properties needing rehab, go to this link at the city’s Web site.
For landlords wanting to rehab rental property, the criteria can be found here.
And find information about handicapped accessibility at this link.