Section 8 Program
The Section 8 Program provides housing subsidies to qualified applicants who locate rental units in the private market with participating landlords. Under this program, the applicant pays approximately 30 percent of his or her adjusted income for rent and utilities, and the housing authority pays the balance of the fair market rent to the private landlord. Non-resident tenants in this program are required to live in Douglas County for the first 12 months of their participation.
Douglas County contracts with the Englewood Housing Authority to administer Section 8 vouchers. For more information, contact the Englewood Housing Authority at 303-761-6200 or visit http://englewoodhousing.homestead.com
Douglas County Housing Partnership
The Douglas County Housing Partnership (DCHP) , a multi-jurisdictional housing authority, was formed as a cooperative effort between businesses, and local and county governments to address the lack of affordable housing for people who work in the area.
The DCHP operates with financial support from the City of Lone Tree, the Towns of Castle Rock and Parker, and Douglas County as a political subdivision and public corporation of the State of Colorado.
Home Ownership Program
The DCHP’s Down Payment Assistance Program is a home ownership program that provides low- and moderate-income individuals and families the opportunity to purchase their first home in Douglas County. The DCHP allows individuals to borrow at a low interest rate, which increases their ability to make a purchase and helps bridge the gap between low wages and high housing costs. The DCHP serves approximately 515 clients annually. About 12 Douglas County households will benefit from CDBG funds.
Borrowers who meet the qualifications receive $15,000 toward the purchase price of the home for down payment assistance. This assistance is in the form of a traditional second mortgage where participants select a 30-year loan amortization with current interest rates at 3 percent. This creates a low monthly payment allowing income-qualified families to achieve the minimum requirement of a down payment on their first home, while making it affordable to them.
Through this program the DCHP will also offer first-time homebuyer education classes to County residents on a monthly basis. The classes will use a curriculum established by the CHFA and the Fannie Mae Foundation and focus on providing awareness of the process of purchasing and maintaining a home.
Contact: Artie Lehl
In danger of foreclosure?
The Colorado Foreclosure Hotline is a free service to Colorado homeowners who have questions about their home loans. If you have missed a mortgage payment, if you are in foreclosure, or if you think you may miss a payment, we encourage you to contact a housing counselor through the Foreclosure Hotline.
Foreclosure counseling is available through the DCHP, listed above.
Colorado Housing and Finance Authority (CHFA)
The Colorado Housing and Finance Authority (CHFA) provides funds to finance the places where people live and work throughout Colorado. CHFA has been making dreams come true for more than 30 years.
Colorado Housing Search is jointly sponsored by the CHFA and the Colorado Division of Housing (CoDOH) as a public service to residents of Colorado. The site was developed through collaboration of multiple agencies with a common stake in developing, financing, and preserving affordable housing throughout Colorado.
Goals are to:
- Help Coloradans find and maintain quality, safe and decent places to live
- Provide a clearinghouse for affordable housing and related services
- Facilitate operating efficiencies in the affordable housing market
Housing Nexus Study
Economic and Planning Systems (EPS) was retained by Douglas County to complete a Housing Nexus Study. This project included the following major components:
- Economic Profile: An assessment of employee recruitment and retention issues, the business community’s perspective on the issues, transportation costs and commuting;
- Housing Market Analysis: An assessment of ownership prices, rental rates, supply, affordability; and
- Nexus Study: An analysis that quantifies the connection and relationships between new housing development, the generation of new service sector jobs (and other selected industries), and the resulting demand for affordable housing.
The full study, completed on October 13, 2011, is available in the link below and includes a Table of Contents for easy access to specific data.
- HERO Alliance
The HERO Alliance’s mission is to promote home ownership education and resources for people with disabilities in Colorado.
- Lead-Based Paint
Many homes built before 1978 have lead paint that could cause lead hazards. A lead-based inspection and/or risk assessment is recommended for your protection. For more information, contact the National Lead Information Clearinghouse at 1-800-424-LEAD.
- National Lead Information Clearinghouse
- U.S. Department of Housing and Urban Development (HUD)
HUD’s mission is to increase home ownership, support community development, and increase access to affordable housing free from discrimination.