Colorado has distributed more than $2.3 million in aid since November 2021 to people who are in debt to their homeowners associations through a mortgage assistance program funded by the federal government during the height of the COVID-19 pandemic.
The money has gone to pay off unpaid HOA assessments, fines and attorneys fees.
At least 13 homeowners received more than $20,000 to settle their HOA debt under the Colorado Emergency Mortgage Assistance Program. One received nearly $60,000, including about $41,000 to cover attorneys fees.
The data on Colorados distribution of Emergency Mortgage Assistance Program funds was obtained through an open records request by Homeowners of America United, a homeowner advocacy group. The Colorado …
Read the full article at: https://coloradosun.com/2024/01/08/colorado-hoa-debt-aid-program/