Most individuals and families face some sort of financial burden at some point in their life. Whether the stress of finances begins with losing a job, incurring medical debts, or struggling to get through a divorce, it’s very common for people to feel like there’s no one there to help.
Fortunately, there is a way to get help. Thousands of people seek financial assistance from state programs every year. Colorado has something for anyone who needs it. Today, we’re looking at some of the options when it comes to Colorado’s various financial assistance programs.
Mortgages & Foreclosure Assistance
The U.S. Department of Housing and Urban Development has approved of multiple Colorado housing counseling agencies, all of which can provide help in many situations. For example, special foreclosure lines are available to those who are facing foreclosure on their home. These agencies can connect you with mortgage counselors who can provide you with your options when it comes to the next steps to relief. Additionally, they may be able to act as facilitators between yourself and your creditors if you need help relaying information about what you owe and how you are going to pay it back.
You may be able to get some help even if you are not facing the threat of foreclosure. In fact, Colorado encourages everyone, even those who are up-to-date on their mortgage, to check into their local program to see how it can help to deal with managing the financial responsibility of homeownership.
In the modern era, everyone should have access to a telephone. Every telephone company that operates in Colorado is required to provide their customers the Low-Income Telephone Assistance Program, also known as LITAP. Even if it’s a big company, like AT&T or Verizon, those companies must comply with the law and offer LITAP.
LITAP is available to low-income families with some restrictions (for example, there is only one phone available per household.) You may also be eligible for LITAP if you receive some form of public aid, such as food stamps, Medicaid, or Supplemental Social Security,
If you need help paying your electric, water, heating, or other utility bills, you may be eligible to receive some form of assistance such as a reduced payment. The availability of utility payment assistance may vary based on your location within Colorado due to certain towns or counties in Colorado offering more or less depending on whether non-profit organizations are active in that community.
Low-income Colorado families can also look to the Colorado Low-Income Energy Assistance Program (LEAP) for assistance in paying utility bills. Additionally, funds from LEAP may also be used to aid in weatherization of your home. While LEAP is federally funded, but applications are taken on a county level from November through April.
Every-Day Living Assistance
It’s simple – we all need shelter and stability. When it comes to making sure your family has food on the table every day, the Supplemental Nutrition Assistance Program (SNAP) is available in Colorado to low-income households that can’t afford nutritious food on an every-day basis. Colorado also provides access to the WIC program, Women, Infants, and Children, which provides healthy food, nutrition, education, breastfeeding support, and more to mothers and children under 5.
Additionally, Colorado has its own Medicare program, Health First Colorado. Health First Colorado is Colorado’s public health insurance that can cover you and your children. It’s available to those under a certain income, specifically if you are an adult whose household income does not exceed 133% of the Federal Povery Level.
Overall, low-income families are encouraged to inquire about their eligibility for state programs eligibility through the Colorado PEAK website at Colorado.gov/PEAK. If you’re interested in learning more about how Colorado programs can help you and your family, contact one of our family law specialists today.
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