The U.S. Department of Housing and Urban Development (HUD) has announced federal disaster assistance programs for Colorado homeowners and low-income renters forced from their homes due to the ongoing High Park and Waldo Canyon wildfires.
Furthermore, HUD will offer state and local governments federally guaranteed loans for housing rehabilitation, economic development and repair of public infrastructure.Â
‘Families who may have been forced from their homes need to know that help is available to begin the rebuilding process,’ says HUD Secretary Shaun Donovan. ‘Whether it's foreclosure relief for FHA-insured families or helping these counties to recover, HUD stands ready to help in any way we can.’
HUD is offering the ability to reallocate existing federal resources – including the Community Development Block Grant and HOME programs – to disaster relief. The department has also granted a 90-day moratorium on foreclosures and forbearance on foreclosures of FHA-insured home mortgages in Colorado, and it is making mortgage insurance available under its 203(h) and 203(k) programs.
