Starting Wednesday, homeowners who have suffered furloughs and other work changes can apply for a city grant to pay their mortgages. The city will give up to two months of mortgage payments, for a maximum of $5,000, through the program.
“It’s simply unacceptable that hundreds of thousands of federal workers and their families are being used as political pawns,” Mayor Michael Hancock said in a news release. “I don’t want anyone to lose their home because of this shutdown, so estate sales Denver's going to step up and support our federal employee residents where we can.”
A missed paycheck would have devastated his family when he was growing up, he said.
Total Denver homes income cannot exceed 120 percent of the area median income, or $107,880 for a family of four.
The program is not limited to federal employees. It’s open to anyone who has “experienced an income reduction due to involuntary employment change,” according to Derek Woodbury, a city spokesperson.
The city is running the mortgage program with Mile High United Way through the nonprofit’s 2-1-1 help center. It’s funded by $485,000 from the city’s housing fund.
Separately, the city already offers a “Temporary Rental and Utility Assistance” program that covers some rent and utility costs for people who “face a temporary housing crisis” and make less than 80 percent of the area median income, or $71,900 for a family of four. Read more