Down Payment Assistance Program
Through this program, DCHP provides low- and moderate-income households with the opportunity to purchase their first home in Douglas County. This program increases a buyer’s purchasing power by enabling these households to borrow at a low interest rate, ultimately bridging the gap between lower wages and higher-cost housing.
Qualifications include:
- Borrowers must be first-time homebuyers as defined by HUD
- Preference is given to borrowers currently living or working within Douglas County
- Borrowers’ Income must be at or below 80% of the Area Median Income
- Borrowers must contribute at least $1,000 of their own money towards the purchase
- Borrowers must occupy the home as their primary residence a minimum of 10 years (subject to HUD affordability regulations)
- Property must meet HUD guidelines
- Property purchase price cannot exceed $456,000
Foreclosure Mitigation Counseling
This program is a mediation service only and is available at no cost to Douglas County residents. The Program was established in cooperation with the Douglas County Public Trustee’s Office to reduce foreclosures in Douglas County by providing borrowers with tools and resources to use during the foreclosure process. DCHP will educate borrowers on their consumer rights and act as a mediator between the lender and the borrower.
Reverse Mortgage Program
DCHP offers HUD-certified counseling required for persons interested in obtaining a reverse mortgage. A Reverse mortgage, also called a Home Equity Conversion Mortgage (HECM), is a loan for people aged 62 or older that uses a percentage of a home’s equity as collateral in exchange for cash to the borrower, most often in monthly payments. Typically, the loan is not repaid until the last surviving homeowner either permanently moves out of the home or passes away.
Rental Housing Voucher Program
As of July 2023, the Douglas County Housing Partnership has become a subcontractor of the Colorado Division of Housing to administer a portion of their rental assistance vouchers in Douglas County. If you have a voucher in another jurisdiction and would like to move to Douglas County, you may be able to port in. For porting information, please call 720-673-4036.