Colorado lawmakers are poised to send $8 million to the state emergency rental assistance program to keep it afloat until Proposition 123 money become available.
The pandemic-era emergency rental assistance program stopped taking applicants in November to make sure the number of applications didn’t outpace available money. The mid-fiscal year infusion will keep it operating. The fiscal year runs from July through June.
“The overall impact of this program is significant, with far less families evicted and more applicants having opportunities to stabilize their housing,” according to a statement sent by Cowart. “We wanted to make sure that we’re filling that gap for the remainder of this budget year to ensure that we’re able to continue to support Coloradans who are needing rental assistance to stay housed,” Sirota said.
“It’s really important the legislature took this step,” Neumann said. “It’ll immediately help people who need to pay their rent.”
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