Help with Finances Offered by Aurora to Eligible Homeowners

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The City of Aurora, Colorado has launched a new program called the Aurora Emergency Mortgage Assistance Program to help homeowners who have been impacted financially by the COVID-19 pandemic. The program aims to provide financial assistance to eligible homeowners to help them keep their homes. The program covers a range of expenses, including mortgage assistance, utilities, homeowner/condo association fees, and assistance for delinquent property taxes payments.

To be eligible for the program, homeowners must demonstrate that they have experienced a COVID-19 related financial impact on or after Jan. 21, 2020, which can include job loss, reduction in income, reduction in hours worked, and increased health care costs. Homeowners must also be owner-occupants of a single-family home or condo or a two, three, or four-family home. However, this does not include owner-occupied properties with five or more units, investor-owned properties, or vacation homes.

Furthermore, homeowners must have an income equal to or less than 100% of the Area Median Income for the county in which they live. There are additional requirements for the program that can be found on the program’s website.

To apply for the Aurora Emergency Mortgage Assistance Program, interested homeowners can visit AuroraGov.org/MortgageAssist. The program will remain open until the funding is exhausted. The city has received $1.75 million in federal funds from the American Rescue Plan Act to fund the program.

This program is part of the City of Aurora’s efforts to help its residents who have been financially impacted by the pandemic. The City is committed to providing its residents with the support they need to overcome the challenges brought about by the pandemic. The Aurora Emergency Mortgage Assistance Program is one of the ways in which the City is providing direct support to eligible homeowners who are struggling to keep their homes.