Colorado 19th in nation for foreclosing mortgage loans

The percentage of Colorado mortgage loans in foreclosure increased to 2.76 percent during the 1st quarter of 2010, rising from 2009’s first-quarter rate of 2.42 percent. According to a report released on May 19 by the Mortgage Bankers Association, the proportion of Colorado mortgage loans in foreclosure fell from the fourth quarter of 2009 to the first quarter of 2010, with the percentage of loans in foreclosure falling from 2.81 percent.

Compared to the proportion of loans in foreclosure for all states, Colorado’s totals are lower than national numbers with 4.63 percent of loans nationwide being in a state of foreclose during the first quarter of 2010. Year-over-year trends are also upward nationally with 2010’s first-quarter percentage being an increase from the first quarter of 2009 when the total percentage of loans in foreclosure was 3.85 percent. Foreclosing loans also increased nationally from the fourth quarter of 2009 to the first quarter of this year with an increase from the fourth quarter’s percentage of 4.58 percent.

Eighteen states reported a smaller percentage than Colorado for the number of mortgage loans in foreclosure. North Dakota reported the smallest percentage of foreclosing mortgages with 1.18 percent. Alaska and Wyoming placed slightly behind North Dakota with 1.34 percent and 1.66 percent of loans in foreclosure, respectively.

States reporting the highest percentages of loans in foreclosure included Nevada and Florida with percentages of 10.40 percent and 13.97 percent, respectively.

Short-term delinquencies dropped slightly in both Colorado and nationwide from the first quarter of last year to the first quarter this year. In Colorado, 30-day delinquencies fell from 2.33 percent to 2.27 percent, year over year, while nationwide, they fell from 3.27 percent to 3.07 percent during the same period.

In a written statement, the Mortgage Bankers Association’s chief economist Jay Brinkmann noted that “the economy has begun to generate jobs and layoffs have declined, although new claims for unemployment insurance remained higher in the first quarter than we expected. The percent of loans behind one payment had been declining as first-time claims for unemployment began falling in March 2009. Those new claims stopped falling during the first quarter of this year, which likely halted the decline in the underlying 30-day delinquency rate.”

Nationwide, the percentage of loans in foreclosure during the first quarter has outpaced Colorado since 2008. Prior to 2008, Colorado reported a larger percentage of foreclosing loans than was the case nationally, but since 2008, the percentage of foreclosing loans has grown more nationally than in Colorado each year.

This has also been the case in 30-day delinquencies and in the total combined percentage of loans that are in foreclosure or are 90-days delinquent.

Prior to 2008, Colorado experienced a large amount of foreclosure and delinquency activity before the rest of the nation making it one of the top states in the nation for foreclosures. Since 2008, other states like Nevada, California and Florida have outpaced Colorado and have moved national percentages above Colorado’s.

-R. McMaken







Source: Mortgage Bankers Association

May 28 is a mandatory furlough day

The Colorado Department of Local Affairs will be closed May 28 as part of a mandatory furlough for state employees. The office will open at 8 am on June 1 following the Memorial Day holiday.

Housing Leaders Kickoff Homeownership Month in Grand Junction

contact:

Jerilynn Martinez, 303.297.7427

[email protected]

MEDIA ADVISORY

Housing Leaders Kickoff Homeownership Month in Grand Junction

(Grand Junction, Colo.) - State housing leaders will gather in Grand Junction on Friday, June 4, 2010 between 8 a.m. and 2 p.m. to kickoff Homeownership month by sharing the latest news and programs available through FHA, Colorado Housing and Finance Authority (CHFA), USDA/Rural Development, and the Veterans Administration. Real estate professionals can learn about new and flagship offerings including down payment assistance, energy efficient mortgages, financing for home improvements at time of purchase, and more.

What: “How Working with CHFA and FHA Can Work for You!”

Who: Jamie Spakow, USDA/RD single family and multifamily housing director

Cris White, CHFA executive director and CEO

Cecilia Ross, senior FHA account liaison;

Bruce Newton, Veterans Administration senior loan specialist; and others.

When: Friday, June 4, 2010

Morning session: 8 a.m. - noon

Luncheon panel: noon - 2 p.m.

Where: Courtyard Marriott

765 Horizon Drive, Grand Junction, Colo., 81506

Register: Register to attend online at FHA’s website www.hud.gov/emarc or call Pam Francil at 970.241.2341 x. 6301 for more information. Attendance is free. An optional box lunch is available for $12.00, payable at the event. Colorado real estate brokers and agents can earn four hours of continuing education credit upon successful completion of the event.

Single-family rental vacancies hit two-year low, rents rise

Click here for full report.

Single-family rental vacancies hit two-year low, rents rise

Vacancies in for-rent condos, single-family homes, and other small properties across metro Denver fell to a two-year low of 3.1 percent during 2010’s first quarter. The vacancy rate was 3.6 percent during the first quarter of 2009. The last time the metro-wide vacancy rate fell below 3.1 percent was during 2008’s first quarter, when vacancies dropped to 2.7 percent.

According to a report released Thursday by the Colorado Department of Local Affairs’ Division of Housing, the number of days on the market for single-family rentals and similar properties fell from 53 days during the first quarter of 2009 to 45 days during the first quarter of 2010. Properties were also on the market for fewer days during the first quarter of this year as compared to the fourth quarter of last year when properties were on the market for almost 54 days.

“Living in a single-family home continues to be popular, but purchasing one isn’t an option for as many households in the current climate,” said Gordon Von Stroh, professor of business at the University of Denver, and the report’s author. “So, more people are looking to rent, and that has brought down the vacancy rates quite a bit from their peaks above 9 percent that we saw back in 2005.”

The metro-wide fall in vacancies in single-family rentals and similar properties was led by falling vacancies in Adams County and Douglas County where, year over year, vacancy rates fell by more than once percentage point to 3.7 percent and 0.9 percent, respectively. Vacancy rates also fell in Arapahoe and Denver Counties. Jefferson County and Boulder/Broomfield area reported slight increases.

Vacancy rates for all counties surveyed were: Adams, 3.7 percent; Arapahoe, 2.6 percent; Boulder/Broomfield, 2.3 percent; Denver, 3.0 percent; Douglas, 0.9 percent; and Jefferson, 3.9 percent.

Average rents climbed as vacancies tightened.

The average rent for single-family and similar properties rose to $1035.56 during 2010’s first quarter, rising from 2009’s first quarter rate of $1004.44. 2009’s first-quarter average rent is the highest average rent yet recorded for the first quarter.

“The fact that average rents continue to rise shows that renter demand for these properties remains relatively high in spite of a soft job market,” said Ryan McMaken, a spokesperson for the Colorado Division of housing. “Owners can apparently manage to raise rents a little, but uncertainty about wages and job security for renters will put some downward pressure on rents also.”

Average rents for all counties were: Adams, $1099.39; Arapahoe, $1032.89; Boulder/Broomfield, $1684.57; Denver, $984.52; Douglas, $1367.76; and Jefferson, $969.50.

The Colorado Statewide Vacancy and Rent Study is released each quarter by the Colorado Division of Housing. The Report is available online at the Division of Housing web site: http://dola.colorado.gov/cdh. The Colorado Vacancy and Rent Survey reports averages and, as a result, there are often differences in rental and vacancy rates by size, location, age of building, and apartment type.

New foreclosure filings down 16.6 percent in April

Click here for full report.

Foreclosure filings in Colorado’s largest counties fell 16.6 percent last month as compared to April of last year. According to a report released today by the Department of Local Affairs’ Division of Housing, foreclosure filings also fell 12.7 percent from March to April of this year. Compared to April of 2008, April 2010 filings were also down 12.9 percent.

Foreclosure sales at auction fell 16 percent from March to April of this year, and rose 45.2 percent from April 2009 to April 2010. The year-over-year increase reflects the very low number of foreclosure sales that occurred during April 2009 due to last year’s voluntary moratoria on foreclosures.

Due to a national moratorium on processing foreclosures put in place in late 2008 and early 2009, foreclosure sales during the first half of 2009 fell significantly. Beginning in late 2008, several national mortgage servicers, with major investors like Fannie Mae, temporarily slowed or halted the processing of foreclosures to allow for new loss mitigation policies to be put in place. Consequently, few foreclosures proceeded to final sale during the first several months of 2009, driving down foreclosure sales totals for the period.

Foreclosure filings are the initial filing that begins the foreclosure process, and foreclosure sales totals are the total number of foreclosures that have been sold at auction at the end of the foreclosure process.

“The number of new people entering foreclosure in April is clearly down from a year earlier, but the overall trend is pretty flat.” said Ryan McMaken, a spokesperson for the Division of Housing. “Homeowners and foreclosure counselors are still dealing with a very large number of new filings from last year, and that’s keeping foreclosure sales numbers high as well.”

Foreclosure activity varied by county. The counties with the largest decreases in foreclosure filings from April 2009 to April 2010 were Pueblo County and Denver County, where filings decreased by 34.4 percent and 30.6 percent, respectively. The largest increase was in Mesa County where filings increased 100 percent year-over-year.

Over the same period, foreclosure sales increased in all counties except Denver County and Pueblo County where foreclosure sales fell by 16.4 percent and 0.4 percent, respectively. The largest increase was found in Mesa County where foreclosure sales increased 675 percent from April 2009 to April 2010.

The county with the highest rate of foreclosure sales was Weld County with a rate of 473 households per foreclosure sale. Adams County came in second with 585 households per foreclosure sale. The lowest rate was found in Boulder County where there were 2,142 households per foreclosure sale. The largest increase in foreclosure rates since 2009 was found in Mesa County where the foreclosure rate increased more than seven fold year-over-year.

The Division of Housing’s monthly foreclosure report surveys foreclosure activity in the twelve largest counties of Colorado. The report is a supplement to the Division’s quarterly foreclosure report that includes all counties in Colorado.

Job Opening: foreclosure/housing counselor

From Colorado Housing Assistance Corp.
Position announcement: Housing Counselor

CHAC is a private, non-profit agency dedicated to providing home ownership opportunities for lower income families. CHAC is a 501c-3, a HUD Certified Counseling Agency, A Community Development Financial Institution, and has been a recognized leader in affordable housing for over 27 years.

Position overview: The Housing Counselor’s responsibilities, will be to counsel in areas of prepurchase homeownership, post-purchase homeownership, default and foreclosure prevention and credit and financial management. The selected applicant must be comfortable with managing a caseload, providing educational presentations, communicating with clients, attorneys, lenders and community partners and be knowledgeable of real estate and mortgage terms. Computer skills required

Specific Job Functions:
a. Manage a caseload
b. Prepare reports for governmental entities, and local funders
c. Educate small classes
d. Input on Excel, Microsoft outlook, Word and housing counseling data management system.
Qualifications:
a. Three years work experience including one year in mortgage lending, banking, real estate, housing counseling, or related field. Post secondary education may be substituted for some direct work experience.
b. Excellent verbal and writing skills(bilingual English-Spanish preferred)
c. Math skills necessary to understand and evaluate information specific to mortgage loans and financing.
d. Good organizational and priority management skills to ensure deadlines are met.
Job requirements:
a. Willingness to work occasional weekend or evening hours(may happen sporadically)
b. Demonstrate ability to work as a team player, and to respect diversity
c. Manage multi tasks with efficiency, and professionalism.
Compensaton:
a. Salary is negotiable, based on qualifications and experience
b. Excellent benefits
c. Free parking

To apply, please submit resume by fax to 303-573-9214 or email to [email protected].

Colorado apartment vacancies fall, rents stable

Click here for full report.

The Colorado statewide apartment vacancy rate for 2010’s first quarter decreased to 6.6 percent, falling from 2009’s first quarter rate of 8.5 percent. According to a report released Thursday by the Department of Local Affairs’ Division of Housing, the statewide decline in vacancies was driven by declines in vacancies in Grand Junction, metro Denver, Colorado Springs and along the eastern plains. Fort Collins and Pueblo were the only metropolitan areas reporting higher vacancies, year-over-year.

Numerous mountain areas also reported vacancy rate increases from the first quarter of last year to the same period this year, including Aspen, Durango, Eagle County, Glenwood Springs, Steamboat Springs and Summit County.

Vacancy rates in all metropolitan areas were Colorado Springs, 6.9 percent; Ft. Collins/Loveland, 4.9 percent; Grand Junction, 11.6 percent; Greeley, 6.9 percent; Pueblo, 12.6 percent.

The metro Denver vacancy rate, measured in a separate survey, was 6.5 percent for the first quarter.

The first quarter’s statewide average rent fell from $844 during 2009’s first quarter to $840 during the first quarter of this year. Among metropolitan areas, average rents fell year-over-year in Fort Collins, Grand Junction and the metro Denver area, but were up in Colorado Springs, Greeley and Pueblo. Average rents rose year-over-year in several mountain areas including Aspen, Alamosa, Buena Vista, Eagle County, Glenwood Springs and Summit County.

“The statewide average rent fell slightly, but we see a lot of smaller markets with rising rents, and given the overall drop in vacancies over the last year, a slow movement upward for rents seems likely,” said Ryan McMaken, a spokesperson for the Division of Housing. “Fort Collins and Grand Junction are the only large markets where rents have fallen by more than a few dollars over the last year.”

The average rent in Fort Collins fell from $854 during the first quarter of last year to $837 during the first quarter of this year. In Grand Junction, where vacancies hit 13.3 percent during 2009’s fourth quarter, first quarter average rents fell from $680 to $663, year-over-year.

“The cost of operating rental units continues to increase, so there is upward pressure on rents driven by costs,” said Gordon von Stroh, a professor of business at the University of Denver, and the report author. “But the employment and wage situation is putting downward pressure on rents, so we’re not seeing many big changes right now.”

Average rents in all metropolitan areas measured were Colorado Springs, $709.99, Ft. Collins/Loveland, $837.99; Grand Junction, $663.47; Greeley, $660.86; Pueblo, $547.03.

The metro Denver average rent, measured in a separate survey, was $877.16 for the first quarter.

Upcoming releases of housing data

May 20, 2010: Colorado Statewide Vacancy and Rent Survey
Week of May 24: April monthly foreclosure report, metro Denver single-family rental survey

Monthly foreclosure data for March now available

In addition to the statewide quarterly foreclosure reports, the Division of Housing also provides monthly reports on foreclosures in Colorado's metropolitan counties.

The March report is available here.

Rocky Mountain Community Land Trust awarded $61,000

The Colorado Department of Local Affairs has announced that $61,000 in HOME funds has been awarded for increasing the availability of affordable housing in El Paso County.

Rocky Mountain Community Land Trust (RMCLT) received a grant of $61,000 to support their on-going scattered-site homeownership program in Colorado Springs and El Paso County. These funds will be used to assist with the acquisition of four (4) properties. Through the Community Land Trust model, the RMCLT acquires and holds title to the land permanently and grants to the homeowner use of the land investment via a 99-year land lease that can be renewed for an additional 99 years. The RMCLT connects with potential homebuyers through the Realtor community, the City of Colorado Springs acquisition/rehabilitation program, and new homebuilders.

Funding from the Colorado Division of Housing assists communities in meeting the affordable housing needs throughout the state. The Division targets its resources to address the growing housing need of households with lower incomes. The Division estimates that 66,479 lower-income households in Colorado are in need of affordable housing.

HUD Event in Greeley

HOUSING AND URBAN DEVLEOPMENT SECRETARY DONOVAN, CONGRESSWOMAN MARKEY, GOVERNOR RITTER, MAYOR NORTON TO HOLD SUSTAINABILITY PANEL DISCUSSION IN GREELEY, CO

(WASHINGTON, D.C.) - U.S Housing and Urban Development (HUD) Secretary Shaun Donovan will travel to Greeley, CO, on Friday, May 14, to tour Fox Run Apartments and meet residents with disabilities. Following the tour, Secretary Donovan will join Congresswoman Betsy Markey, Governor Bill Ritter and Mayor Tom Norton for a panel discussion focused on developing affordable, sustainable housing and communities, particularly in rural areas and small towns. The tour and panel will be followed by a media availability.

WHAT: Tour of Fox Run Apartments, Accessible Space, Inc.

Rural Sustainability Panel Discussion

Media Availability

WHEN: Friday, May 14, 2010, at 12:30 p.m. MT

WHERE: Fox Run Apartments, 1300 60th Ave., Greeley, Colorado, 80634

WHO: HUD Secretary Shaun Donovan

Congresswoman Betsy Markey

Governor Bill Ritter

Mayor Tom Norton

For more information, contact Andrea Mead at (202) 569-9676 or [email protected].

New foreclosures filings up 6 percent in Colorado

Click here for full report.

New foreclosure filings rose to 11,136 in Colorado during 2010’s first quarter, rising 6 percent over 2009’s first-quarter total of 10,509. Compared to 2008’s first-quarter total of 11,634, first-quarter filings this year were down 4.3 percent. According to a report released Thursday by the Colorado Department of Local Affairs’ Division of Housing, 2010’s first quarter filings were down 1.3 percent compared to 2009’s fourth-quarter total of 11,282.

Foreclosure sales at auction, the event that completes the foreclosure process, increased 13.3 percent from the first quarter of 2008 to the same period this year, rising from 5,899 to 6,686. From the fourth quarter of last year to the first quarter of this year, sales rose 22.3 percent from 2009’s fourth-quarter total of 5,466.

Due to a national moratorium on processing foreclosures put in place in late 2008 and early 2009, foreclosure sales during the first quarter of 2009 fell significantly to a total of 4,354. Beginning in late 2008, several national mortgage servicers, with major investors like Fannie Mae, temporarily slowed or halted the processing of foreclosures to allow for new loss mitigation policies to be put in place. Consequently, few foreclosures proceeded to final sale during the first quarter of 2009, driving down foreclosure sales totals for the period. Comparing the first quarter of 2009 to the first quarter of 2010, foreclosure sales were 53.6 percent higher in 2010.

“Looking quarter to quarter, there’s quite a bit of stability in foreclosure activity right now,” said Ryan McMaken, a spokesperson for the Division of Housing. “Since 2008, quarterly totals have not changed very much if we account for events like the moratorium. But, while foreclosure activity isn’t increasing much, it’s not going away either.”

Nevertheless, 2010’s first-quarter total for foreclosure sales at auction was the highest since the third quarter of 2007. Driving the large number of foreclosure sales were the record-high totals of new foreclosure filings experienced during the second and third quarters of last year.

“With more than 12,000 new foreclosure filings each quarter during mid-2009, there are a lot of foreclosures now reaching final sale in the foreclosure process. Fortunately, the number of new filings has started to go down again,” McMaken said.

According to the Division’s report, an “examination of month-by-month data has shown that, generally speaking, there is a six to eight-month delay between a change in new foreclosure filings totals, and a subsequent change in foreclosure sales totals,”

Foreclosure activity has varied from county to county. Since the first quarter of 2009, foreclosure filings have fallen in Adams, Denver, El Paso and Larimer counties. Among metropolitan counties, the largest decreases were found in Larimer and Pueblo counties where filings fell year-over-year by 15.1 percent and 9.7 percent, respectively.

Mesa County reported the largest increase among metropolitan counties during the first quarter with new filings increasing 126.9 percent, year over year.

Although new foreclosure activity in Weld County has been increasingly stable in recent quarters, Weld reported the highest foreclosure rate among all metropolitan counties with 178 households per foreclosure sale at auction during the first quarter. There were 192 households per foreclosure sale in Adams County, and 234 households per foreclosure sale in Arapahoe County.

Boulder County reported the lowest foreclosure rate among metropolitan counties with 605 households per foreclosure sale during the first quarter of this year.

In Denver County, there were 329 households per foreclosure sale.

Although the number of foreclosure sales has increased, thousands of Colorado residents continue to avoid foreclosure through loss mitigation efforts like the Colorado Foreclosure Hotline.

“We’ve seen only growth in demand for housing counseling and the hotline counselors have been seeing more and more clients as time goes on,” said Stephanie Riggi, manager of the Foreclosure Hotline Call Center. “During the first quarter of 2010 alone, 2,473 homeowners worked with housing counselors and avoided foreclosure either through short sales, loan modifications or other strategies.”

Foreclosure sales are opened foreclosures that have proceeded through the full foreclosure process to final sale at public auction. Filings denote the beginning of the foreclosure process, and once a foreclosure is filed, the borrower has approximately four months to work with the lender to avoid a completed foreclosure. It is during this period that borrowers work with lenders and housing counselors to work out loan modifications, short sales, or other ways of curing the foreclosure.

Many Tax-Exempt Organizations Must File Form 990 by May 17 Deadline to Preserve Tax-Exempt Status with IRS

A note to our non-profit partners:

Many Tax-Exempt Organizations Must File Form 990 by May 17 Deadline to Preserve Tax-Exempt Status with IRS


Audio File for Podcast: Don't Throw Away Your Tax Exempt Status

IR-2010-59, May 7, 2010

WASHINGTON — A crucial filing deadline of May 17 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.

The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches and church related organizations, must file an information form with the IRS. This requirement has been in effect since the beginning of 2007, which made 2009 the third consecutive year under the new law. Any organization that fails to file for three consecutive years automatically loses its federal tax-exempt status.

Form 990-series information returns are due on the 15th day of the fifth month after an organization’s fiscal year ends. Many organizations use the calendar year as their fiscal year, which makes May 15 the deadline for those tax-exempt organizations. May 15 falls on a Saturday this year so the deadline this year is actually Monday, May 17. Organizations can request an extension of their filing date by filing Form 8868 by the original due date. Absent a request for extension, there is no grace period from filing by the original due date.

Small tax-exempt organizations with annual receipts of $25,000 or less can file an electronic notice Form 990-N (e-Postcard). This asks for a few basic pieces of information. Tax-exempts with annual receipts above $25,000 must file a Form 990 or 990-EZ, depending on their annual receipts. Private foundations file form 990-PF.

Any tax-exempt organization that has not filed the required form in the last three years automatically will lose its tax exempt status effective as of the due date of the annual filing. Under the law, the IRS does not have discretion in this matter.

A list of revoked organizations will be available to the public on IRS.gov.

If an organization loses its exemption, it will have to reapply with the IRS to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be taxable.

For more information, see the Exempt Organizations: Status Revoked for not Filing Annual Returns or Notices page on this website; or the ABC's for Exempt Organizations page.

Job Opening: foreclosure/housing counselor

New job opening for experienced foreclosure/housing counselor:

USDA Seeks Applications for Grants to Improve the Quality of Rural Housing

USDA Seeks Applications for Grants to Improve the Quality of Rural Housing

Eligible Applicants Include Public Agencies, Private Non-profit Organizations, Federally Recognized Indian Tribes, and Owners of Rental and Cooperative Housing

WASHINGTON, DC - April 29, 2010 - Agriculture Secretary Tom Vilsack today announced that USDA is accepting applications for grants to help low- and very-low-income rural residents repair their homes. “The costs associated with maintaining a home are a challenge for many rural homeowners and the funding we are announcing today will help low- and very-low-income residents in rural areas maintain and repair their homes,” Vilsack said. “The Obama Administration and USDA are working to ensure that rural homeowners have safe, sanitary, energy-efficient places to live.”

Housing Preservation Grants are provided to intermediaries such as town or county governments, public agencies, federally recognized Indian Tribes, and non-profit and faith-based organizations. The grants are then distributed by the intermediary to qualified homeowners or owners of multi-family rental properties or cooperative dwellings who rent to low- and very-low-income residents. The grants can be used to weatherize and repair existing structures, install or improve plumbing or provide access to people with disabilities.

USDA may award up to $10.1 million in competitive grants through the Notice of Funds Availability (NOFA) published in the April 27, 2010 Federal Register. The grants to be awarded are part of USDA Rural Development’s annual budget and are not funded through the American Recovery and Reinvestment Act of 2009.

USDA, through its Rural Development mission area, administers and manages more than 40 housing, business and community infrastructure and facility programs through a national network of 6,100 employees located in the nation’s capital and 500 national, state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of more than $134 billion in loans and loan guarantees.

CDOH welcomes Janet Hildebrandt

DOH welcomes Janet Hildebrandt as our newest team member, coming to us from DOLA’s Accounting section.

Janet joins DOH on May 4 as the new HERA/ARRA Administrative Assistant. Janet brings
enthusiasm for the cause of housing with her. In addition to her accounting experience, Janet has been a public school teacher, and had a successful business as a personal chef.

New grants from the Multi-Family Weatherization Program

The multi-family weatherization program is funded by the Department of Energy and the American Reinvestment Recovery Act and administered by the Governor's Energy Office and Energy Outreach Colorado.

As mentioned in the Interest Form email reply, we are sending providing an invitation to submit additional information regarding your building in preparation for the 2010-2011 competitive, multi-family grant application process which will officially start on July 1, the first day of the weatherization program fiscal year.

In preparation for July 1, please submit information that will allow EOC to divide properties into two groups:

Multi-family properties that are centrally heated (boiler systems)

Multi-family properties where each unit is individually heated (individual furnaces in each unit)

Energy Outreach Colorado will be responsible for administering the multi-family-centrally heated program.

The Governor's Energy Office is in the process of establishing a Statewide Agency that will be responsible for administering the multi-family-individually heated program.

After you complete the property information form, you will be given instructions specific to your property type to begin collecting additional information in anticipation for a full multi-family grant application.

Please click on the link below and complete the entire form. The data that you provide will be saved in preparation for the July 1 competitive multi-family grant application process.

www.energyoutreachcolorado.org/getstarted