• Kathy Smith

Rental and Mortgage Assistance--Where? How?

Updated: Aug 6

Updates (as of August 3, 2021)


On August 3, 2021, the U.S. Centers for Disease Control and Prevention (CDC) issued a new 60-day moratorium on residential evictions in counties with heightened levels of community transmission of COVID-19. Currently, Jeffco (and Golden) are covered under this moratorium. The moratorium is in effect until October 3, 2021.


A new Colorado law will be effective on October 1, 2021, that:

  • Extends the amount of time tenants can pay back rent to any point during the eviction process until the court has issued a judgment for possession.

  • Establishes a financial penalty for landlords who illegally lock out tenants.

  • Prohibits a landlord from initiating eviction procedures on the sole basis of failure to pay late fees.

  • Prohibits late fees from being recouped from rent payments or from accruing interest.

  • Establishes a grace period for late rent payments to at least 7 calendar days.

  • Limits the amount of late fees that a landlord may charge to $50 or 5% of the rent due.


Gov. Polis issued an executive order, effective August 1, 2021, that requires landlords to provide eligible individuals with 30 days’ notice of payment due for any overdue payments that occurred on or after March 10, 2020, before they can initiate or file an eviction order. Eligible renters may pay back rent at any time during this 30-day period. “Eligible individual” means an individual who can demonstrate that they have submitted an application for their rental property or the landlord has submitted an application for their specific rental property to the State or any locality for emergency rental assistance in good faith and their application has not been denied. This order expires on August 6, 2021, but will likely be extended for 30 days. (Golden United’s Housing Task Force signed on to a letter asking Gov. Polis for a more comprehensive executive order.)


If your home loan is owned by Fannie Mae or Freddie Mac or if your loan is backed by FHA, VA, or USDA, the deadline to request mortgage forbearance is Sept. 30, 2021. Learn about forbearance


Download this file for a list of rental and mortgage assistance resources

Rental&Mortgage Assistance
.pdf
Download PDF • 171KB


Since March 2020, Golden's Salvation Army Golden Service Extension Unit has paid out over $189,000 in rent and utility assistance, helping over 200 Golden households.


Want to Learn More? Check This Out!


  • Colorado's minimum wage is $12.32/hr.

  • The estimated average Social Security retirement benefit in 2021 is $1,543/month.

  • The average rent for a 2-bedroom apartment in Golden is $2,040/month (apartments.com).

  • In June 2021, 80401 home prices were up 7.7% compared to last year, selling for a median price of $740K (redfin.com).

  • In June 2021, 80403 home prices were up 15.2% compared to last year, selling for a median price of $752K (redfin.com).

  • A renter in Zipcode 80403 needs to earn $34.62/hr to afford a 2-bedroom rental at the Fair Market Rent (NLIHC Out of Reach).


NLIHC—The Road Ahead for Low Income Renters


NLIHC—Out of Reach: Colorado


Eviction Lab—Makes nationwide eviction data publicly available

Drawing on tens of millions of records, the Eviction Lab at Princeton University has published the first-ever dataset of evictions in America, going back to 2000.


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