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.
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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.
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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.
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