Posts tagged Jeff Yegian
Rental Matching Service Available for Displaced Boulder County Residents
Oct 2nd
Collaboration will help address shortage of rental housing supply
Boulder County, Colo. – Boulder County residents displaced by the recent flooding now have another tool to help them find available rental housing. A regional service that matches renters with property owners is working with residents to place them in short-term rental units, and is waiving most of its fees for the matching service.
Boulder County, the cities of Boulder and Longmont, Foothills United Way, and Housing Helpers partnered to create and roll out the rental housing plan. Housing Helpers is working with property owners and has identified about 60 units that would work as short-term solutions for those in need to continue to live in or near Boulder County.
“We know there’s not much rental housing available in Boulder County for our neighbors who’ve been displaced by the flooding, especially those who don’t yet know when they can return to their homes” said Jeff Yegian, Acting Manager of the City of Boulder’s Division of Housing. “This is a solution for some of them, and we want to encourage those residents most in need to get in touch now to find out more.”
Residents impacted by the flooding who are seeking short-term rental housing can contact Housing Helpers by phone at 303-545-6000 or on the web at www.HousingHelpers.com to see if they qualify for the service. Property owners offering short-term rental options for individuals or families displaced by the flooding are encouraged to call Housing Helpers to list their property at no charge. Additional information on housing resources, including financial assistance that may be available for short-term housing, can be found at www.BoulderCountyFlood.org, www.BoulderFloodInfo.net, and www.LongmontOEM.com.
“We still want our neighbors to know that most of the available rental housing is located outside Boulder County, mostly to our south and east,” said Frank Alexander, Director of the Boulder County Department of Housing and Human Services. “Regardless of whether people look for rentals through this matching service or on their own, we hope that they do it right away and that they understand it might be necessary to relocate outside the area for some time.”
Boulder expands grant assistance available for low- and middle-income home buyers
Aug 22nd
The City of Boulder has joined other jurisdictions in the Metro Mayor’s Caucus in making homeownership more affordable through a non-repaid grant available to low- and middle-income buyers.
The program provides a competitive 30-year fixed-rate mortgage with a grant for down-payment assistance equal to 4 percent of the mortgage amount. Income requirements are less than $91,100 for households of two or fewer persons, and less than $103,000 for three or more.
“This is a great opportunity for qualified individuals,” said Jeff Yegian, acting manager of the Division of Housing. “City of Boulder participation in this program adds another resource to make homeownership in Boulder more accessible to low- as well as moderate- and middle-income households.”
Other conditions for participation include:
- Standard loan guidelines must be met.
- Buyers must have a minimum FICO score of 640 (660 for manufactured homes), and a maximum debt-to-income ratio of 45 percent.
- Buyers must complete a HUD-approved homebuyer education class. The class currently required of buyers for the City of Boulder Permanently Affordable Homes program satisfies this condition.
- Purchasers must occupy the home as their primary residence, but they do not have to be a first-time homebuyer.
There is no limit on the property purchase price, although it should not exceed the lender’s loan approval amount. This program is intended for purchase of a primary home, and excludes refinance or purchase of a second property. Approved structures include single-family detached homes, condominiums, townhomes, duplexes and manufactured homes.
This program does not require repayment and funding is expected to continue through approximately December 2014.
A complete list of approved lenders and additional information for lenders who wish to become approved for the program is available at the City of Denver’s website,http://www.denvergov.org/oed/DenverOfficeofEconomicDevelopment/HousingAssistance/MetroMortgageAssistancePlus/tabid/444354/Default.aspx, or email Stacy Houston at stacy.houston@raymondjames.com.
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Affordable housing funds available
Jun 13th
Three million dollars available for Boulder affordable housing programs
The City of Boulder’s Department of Housing & Human Services, along with the Boulder-Broomfield Regional HOME Consortium, will issue a joint application for 2012 affordable housing funds on Friday, June 10, 2011. The application will be available at www.boulderaffordablehomes.com . Residents can also pick up a copy of the application on the second floor of 1101 Arapahoe Ave. in Boulder or call 303-441-3167 to request a copy.
Funding is available for projects that increase the supply and availability of affordable housing for low- and moderate-income households.
All applications are due by July 14, 2011 at 4 p.m. No late applications will be accepted. For more information about the application or specific questions regarding the affordable housing funding program, please contact Jeff Yegian at 303-441-4363 or YegianJ@bouldercolorado.gov. Additional information is also available at www.boulderaffordablehomes.com.
