Mortgage Assistance Program for Colorado Homeowners Affected By Coronavirus

Colorado’s Emergency Rental and Mortgage Assistance Program offers money to eligible homeowners affected by COVID-19 so they can make their mortgage payments.

Colorado has allocated $20 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to help homeowners who’ve been economically impacted by the COVID-19 national emergency. With its CARES Act money, the state set up an Emergency Rental and Mortgage Assistance Program (EHAP). This program offers financial assistance to homeowners who need help with their mortgage payments because their income has decreased or they're unable to work as a direct or indirect result of COVID-19.

How Colorado’s Emergency Rental and Mortgage Assistance Program (EHAP) Works

EHAP provides eligible low- and moderate-income homeowners with money, paid directly to the lender, to cover mortgage payments. Housing costs in arrears starting on or after March 1, 2020, are eligible for the program. Various agencies around the state distribute the money.

If your housing payments aren’t in arrears, you can apply for the cost of one month’s worth of mortgage payments, starting with current month. The program can pay multiple months of mortgage payments, though you’ll have to reapply in future months. If you have mortgage payments in arrears, you may apply (in one application) for assistance to cover multiple past months, as well as for the current month’s cost. There is no maximum number of months of assistance available, but only one month of assistance will be distributed at a time, unless you have months in arrears. Review these guidelines to get more details on how the program works.

How to Qualify for Mortgage Payment Help in Colorado

To qualify for mortgage relief from EHAP, you have to meet the below criteria:

  • You must be unable to pay your mortgage because you experienced a financial hardship due to COVID-19.
  • You don’t have the financial resources to make mortgage payments and also make necessary purchases of goods and services, like food.
  • Your current annualized household income must be at or below 80% of the Area Median Income (AMI) for the particular county where the home is located, and for the size of your household. Income is calculated based on the month preceding the month for which assistance is requested. Check this chart to find out the maximum income allowed in your area and for your family size.
  • You must not have already received assistance that covered your mortgage payments or a mortgage forbearance. (Most lenders are offering forbearances to those who can’t make their payments due to COVID-19. The federal CARES Act requires servicers to give forbearances under specific circumstances.)
  • You have to complete an application for assistance and provide all required documentation. The agency that helps you with your application can explain eligibility and documentation requirements.

How to Apply for EHAP

To apply for EHAP, you have to go through a local agency, which will assist you with the application. Dial 211 or go to www.211colorado.org to find an agency that can help you. Or, you may click here to find an agency in the county where you live.

How to Get More Information About EHAP

To learn more about EHAP, go to the State of Colorado Department of Local Affairs website.

Effective date: June 9, 2020