DENVER (AP) -- Homeowners facing foreclosure and veterans in need of temporary housing are among the recipients of Colorado's portion of a $25 billion settlement with mortgage lenders.
Colorado Gov. John Hickenlooper and state Attorney General John Suthers announced details Friday on how Colorado will spend its $51 million in discretionary money from the settlement reached last month. Most of the rest of the money goes directly to homeowners affected by the mortgage crisis.
Colorado plans to spend $24 million on supplemental loan-modification programs that could help an estimated 2,000 homeowners over the next three years. Affordable housing programs will receive more than $18 million.
A former state prison in Bent County will receive $5 million to repurpose the facility as temporary housing for up to 400 veterans.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus