COLORADO — On Wednesday, the Department of Local Affairs (DOLA) Division of Housing announced they spent all $30 million of the Temporary Rental Assistance (TRAG) funding.
DOLA says they have served around 47,000 households across all 64 counties in Colorado since 2021, including the latest figures of households supported by TRAG and Emergency Rental Assistance funding.
They also say they have supported almost 4,000 households through TRAG funding and around 2,000 households through Emergency Rental Assistance this calendar year.
DOLA says now that the TRAG initiative has been spent, they will be spending the one-time Federal ERA funds.
___
Is it 'truly' affordable to live in Colorado Springs?
How easy is it to find an affordable home? If someone earns $51,000 a year and a third of their income goes to rent, they would need to find an apartment for about $1,280 a month. News5's Eleanor Sheahan takes you on a journey searching for this answer.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
