To qualify for the program, households must show a current financial or other housing crisis, such as a notice of rent increase that makes existing housing unaffordable, evidence of uninhabitable living conditions like a notice of public health violations, a past due notice, or loss of a job. Eligible households may earn up to 80 percent of area median income, which is up to $47,000 annually for an individual or $67,100 annually for a family of four.
Participants can receive up to six months of rental assistance of up to 80 percent of contracted rent, and/or up to two months of utility assistance not to exceed $1,000. All rental and utility assistance will be paid directly to the landlord/service provider.
Take a look at rents, as the city’s analysis does. By the end of 2014, those individuals earning the area median income of $53,700 could not afford the median rent of $1,539 for a two-bedroom, two-bath apartment. (Housing is considered affordable when it takes up no more than one-third of one’s monthly salary.) Those who earned 60 percent of the area median income – $32,220 – could not afford a median-priced one bedroom on their own – and they hadn’t been able to since 2008. And “most individuals in low-skilled occupations requiring just a high school diploma or no high school diploma could not afford to live in Denver at all,” the report says.
In partnership with Mayor Michael B. Hancock, Councilwoman Robin Kniech,
and Councilman Albus Brooks, join the City and County of Denver for a
presentation and discussion on Denver’s affordable housing policy and
funding proposals, resources, and services.