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HERO Alliance: Home-ownership Assistance in Colorado

Published: 2013-01-22 - Updated: 2021-12-25
Author: Thomas C. Weiss | Contact: Disabled World (Disabled-World.com)

Synopsis: The HERO Alliance is a nonprofit organization providing people with disabilities seeking home-ownership in Colorado with resources, education, and assistance. For people with disabilities who are interested in owning their own home, the organization has a general guide that can help to determine if a person is ready for homeownership. HERO Alliance partners offer people with disabilities who are qualified buyers a number of financing options that are many times combined as needed. The options work because partners leverage mortgages and often times draw upon more than just one program.

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Main Digest

The HERO Alliance, "Home-ownership Education and Resource Opportunities," is a nonprofit organization that provides people with disabilities who are seeking home-ownership in the State of Colorado with resources, education, and assistance. HERO has been helping low-income people with disabilities by empowering them with assistance and information they need to achieve home-ownership since the year 1992. Since that time, the organization has helped more than 1,800 people and families to become successful homeowners.

Other Disability Housing Publications (65)

HERO is a collaboration of people with disabilities, lenders, realtors, advocates, government personnel, and others who have committed themselves to the creation of homeownership opportunities for people with disabilities who have low-incomes in Colorado. The organization has demonstrated that collaboration reduces the barriers to homeownership while information builds confidence and self-sufficiency. The organization offers people with disabilities some different programs.

Programs Through HERO Alliance

The HERO Alliance offers people with disabilities some different programs to assist with homeownership. The programs the organization offers people include the following:

The HERO Alliance is aware that buying a home can be a complex, frustrating, and often times overwhelming experience - even more so for a person with a disability. The organization believes that with additional resources and education, the process can be easier. For people with disabilities who are interested in owning their own home, the organization has a general guide that can help to determine if a person is ready for homeownership.

There may be times when you have to turn from the path presented by this guide to deal with one issue or another. You can always return to it when you are ready for the next step. Bear in mind that the process can take some time, but the path is always there for you to finish. The path to homeownership described by the HERO Alliance involves a series of questions which include:

Do I have my basic needs met?

Am I ready for homeownership?

Do I have the knowledge I need?

Can I qualify for a loan?

Am I ready for a loan?

Which home is right for me?

I am ready for Homeownership!

The Future: Am I planning for long-term success

Loans for Persons with Disabilities

HERO Alliance partners offer people with disabilities who are qualified buyers a number of financing options that are many times combined as needed. The options work because partners leverage mortgages and often times draw upon more than just one program. The HERO Alliance may provide lender contact information. A person's housing counselor or lender can help them to determine which program is best suited for them. Some of the programs in Colorado State include the following:

Organizations in Colorado that a person has used a Section 8 voucher for rental assistance through may also provide assistance with paying a mortgage such as:

The HERO Alliance can provide you with more detailed information on disability loan programs and contact information. Call them at: 720-941-8901.

The Section 8 Voucher Program and Public Housing Authorities (PHA's)

The, 'Housing Choice Voucher Program (HCVP),' or, 'Section 8,' is the federal government's program for helping families that are very low-income, people with disabilities, and seniors to afford housing that is decent, safe, and sanitary in the private housing market. The most common type of Section 8 housing assistance is the tenant-based rental assistance. The people who participate are free to choose any housing that meets the requirement of the program and is not limited to units located in subsidized housing projects.

Another type of Section 8 assistance is the, 'low-income public housing program,' which is project-based, and provides low-rent units for families and individuals who are low-income. It might be easier to get into this particular program, but the people who participate are limited to the supply of houses designated by the PHA.

The homeownership program under the HCVP is another one. In this program, if a family is authorized by the PHA, they can use their voucher to purchase a home. The people who participate need to have held a rental voucher from that PHA for at least a year in good standing in order to be eligible for the homeownership program.

To apply for Section 8 housing, a person has to apply at a local PHA. PHA's differ greatly in their particular policies related to handling of applications. Some PHA's have year-round sign-up for their waiting lists, while others have short enrollment periods. Others distribute Section 8 vouchers through a one-day lottery system. To find out how your PHA works you will have to contact it and discover how it treats their waiting list.

PHA's might establish local preferences where selecting applicants from their waiting lists are concerned. For example; PHA's might give preference to a family that is:

Families who qualify for any local preference move ahead of other families on the list who do not qualify for these preferences. Every PHA has the discretion to establish local preferences in order to reflect the housing priorities and needs of its specific community. A housing provider must; however, make reasonable accommodations for applicants with special needs.

Eligibility for a housing voucher is something that is determined by the PHA based upon the total annual gross income and size of the family. It is limited to U.S. citizens and specified categories of non-citizens who have eligible immigration status. Generally, a family's income must not exceed 50% of the median income for the metropolitan area or county in which they choose to live. By law, a PHA has to provide 75% of its vouchers to applicants whose incomes do not exceed 30% of the area's median income.

Receiving a Section 8 voucher can be hard, but it is possible. For people with special needs on low-incomes, the public housing subsidy is an essential part of living independently in housing that is both quality and affordable. Everyone deserves the right to homeownership if they can.

Author Credentials:

Thomas C. Weiss is a researcher and editor for Disabled World. Thomas attended college and university courses earning a Masters, Bachelors and two Associate degrees, as well as pursing Disability Studies. As a Nursing Assistant Thomas has assisted people from a variety of racial, religious, gender, class, and age groups by providing care for people with all forms of disabilities from Multiple Sclerosis to Parkinson's; para and quadriplegia to Spina Bifida.

Disabled World is an independent disability community established in 2004 to provide disability news and information to people with disabilities, seniors, their family and/or carers. See our homepage for informative news, reviews, sports, stories and how-tos. You can also connect with us on Twitter and Facebook or learn more about Disabled World on our about us page.

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Disabled World provides general information only. The materials presented are never meant to substitute for professional medical care by a qualified practitioner, nor should they be construed as such. Financial support is derived from advertisements or referral programs, where indicated. Any 3rd party offering or advertising does not constitute an endorsement.


Cite This Page (APA): Thomas C. Weiss. (2013, January 22). HERO Alliance: Home-ownership Assistance in Colorado. Disabled World. Retrieved May 22, 2022 from www.disabled-world.com/disability/housing/hero.php