The City of Durango, in partnership with HomesFund, has been awarded $1,881,400 to help residents with their mortgage payments. The money comes from a three-year Community Development Block Grant from the state Department of Local Affairs. The City is the pass-through agency and the grant funding will be utilized for the continuation of the HomesFund Mortgage Assistance Program for the Southwest Region.
HomesFund also recently increased its down payment mortgage assistance amounts to assist with the gap between workforce wages and high home prices in Southwest Colorado. More information is here: https://www.durangogov.org/civicalerts.aspx?AID=3209
