HOUSING HELP: The first use of financial assistance in La Plata County to help low and moderate income families get into their own home is virtually assured, Jennifer Lopez, executive director of the La Plata County Regional Housing Authority, said Friday.
The agency has received a $256,800 grant from the federal Department of Housing and Urban Development through the state Division of Local Affairs to create a revolving loan fund to assist with down payments and closing costs.
A family of four with an income of $48,500 or less annually could qualify for financial aid. This is the first down payment assistance program in Durango or La Plata County where appreciation of real estate prices has impacted the purchasing ability of low and moderate income buyers.
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