Governor Jared Polis and the Department of Local Affairs (DOLA) announced the Property Owner Preservation (POP) Program for rental assistance, resulting from HB20-1410, COVID-19-related Housing Assistance.
This bill allocates $19,650,000 to the Housing Development Grant Fund administered by the Division of Housing within DOLA. These funds will be used to provide housing assistance, including rental assistance, mortgage assistance, and guidance on how to access other housing services to Coloradans facing financial hardship due to the COVID-19 pandemic.
“While the majority of renters and homeowners have continued to make rental and mortgage payments, there are thousands of households that have been unable to do so due to the economic impacts of COVID-19,” said Rick M. Garcia, Executive Director of the Colorado Department of Local Affairs. “The POP program will allow for landlords to apply for assistance on behalf of tenants and help with Colorado’s housing stability.”
Coloradans can learn more about the program at cdola.colorado.gov/rental-assistance. There, renters and landlords alike can find more information about how to qualify for assistance.