...or search hundreds of Colorado charities:
Add as a favorite »Contact Info
| Phone | |
|---|---|
| (720)941-8901 | |
| Address | |
Recommendations
We've found some other organizations you might be interested in.
HERO Alliance, Inc.
Mission
The HERO Alliance provides homeownership education and resources for persons with disabilities seeking homeownership in Colorado.
What's New
During 2009, HERO implemented post-purchase support for disabled homeowners. This on-going education and support will assist HERO homeowners to continue to live successfully in their homes.
| Executive director(s) | |
|---|---|
| Tax ID number | 84-1549032 |
| Geographic areas served |
Colorado, Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson, Metropolitan denver area, Gilpin, Clear creek, Elbert, Grand, Park, Summit, Boulder, Lake county, Chaffee, Delta, El paso, Pueblo, Alamosa, Archuleta, Baca, Bent, Cheyenne, Conejos, Costilla, Crowley, Custer, Dolores, Eagle, Fremont, Garfield, Gunnison, Hinsdale, Huerfano, Jackson, Kiowa, Kit carson, La plata, Lake, Larimer, Las animas, Lincoln, Logan, Mesa, Mineral, Moffat, Montezuma, Montrose, Morgan, Otero, Ouray, Phillips, Pitkin, Prowers, Rio blanco, Rio grande, Routt, Saguache, San juan, San miguel, Sedgwick, Teller, Washington, Weld, Yuma
|
Financial graphs
 |
 |
|
Photos/Video
Click on a photo to view it full-size.
Statements
Impact Statement
Since 1994, over 1900 persons with disabilities purchased a home through one of the disability loan programs, with loans totaling over $10 million. Of these loans, 80% of them were to individuals with incomes that were less than 40% of AMI (Area Median Income).
Over 200 persons have utilized a Section 8 voucher to assist in the purchase of their home. The average income of Section 8 homeowners is $12,400.
The HERO Alliance information and referral resources assisted over 4300 individuals and professionals in 2009. Our outreach and education efforts reached over 1500 individuals and professionals, including two Realtor Continuing Education classes to 25 Real Estate Professionals. This Continuing Education class is part of the Denver Board of Realtors Certified Affordable Housing Specialists Certified course. In 2009, HERO hosted a HUD Housing Choice Voucher training for Public Housing Authorities in Colorado. This training will allow for more persons with disabilities to utilize their Section 8 vouchers for homeownership.
Needs Statement
The greatest need that the HERO Alliance faces right now is funding for post-purchase support. Specifically, the HERO Alliance is seeking support for an emergency assistance fund to help disabled homeowners with large-item costs that they are unable to cover. Many HERO homeowners receive Medicaid and are unable to save more than $2000 due to asset limits or they will lose their services. This revolving loan-fund will help clients remain in their homes as long as they are able.
Background Statement
In 1992, Supportive Housing and Homeless Programs surveyed approximately 1,600 participants of its Section 8 program to find out what services they would like to see included. A large number of those surveyed indicated that they would like assistance in purchasing a home since lenders generally would not consider a person with significant disabilities at that time. Pilot programs funded through HUD’s Hope 3 program and Wells Fargo Bank demonstrated the success of individuals with cognitive or significant physical disabilities becoming homeowners.
In 1996, a small task force of individuals from state and federal agencies, nonprofit service providers, lenders, and Realtors expanded the concept of assisting individuals with any ADA defined disability in Colorado. They networked with other lenders and agencies to encourage the housing industry to make homeownership more available to individuals with disabilities. By 2001, the task force secured stable lending sources and took the steps necessary to become a 501(c)(3) nonprofit organization. The HERO Alliance has since become a true collaborative alliance, whose members have assisted over 1,800 persons with disabilities to become homeowners.
Executive Director Statement
Homeownership provides stability, security, self-sufficiency, and freedom. It offers hope of prosperity and provides a sense of pride and accomplishment. For low-income persons with disabilities in Colorado, the dream of homeownership was out of touch until the HERO Alliance developed innovative and affordable programs to assist them with their goal. These programs provide people with disabilities access to the dream of owning their own home and becoming a true part of the community. Since 1994, over 1900 individuals and families have achieved their goal of homeownership thanks to the efforts of the HERO Alliance.
Board Chair/President Statement
The HERO Alliance helps Coloradoans with disabilities negotiate the complex path to sustainable homeownership. We help them find the resources they need, specialized lenders and prime lending products, including some Section 8 products, and down payment and closing cost assistance. We also train Realtors, service providers and individuals interested in helping people with disabilities become homeowners.
Testimonials
“What does homeownership mean to me? As someone who is disabled, who has always had a sense that they were less than others, I can now become part of the community.” Chris
“Finally I can sleep soundly knowing the things I treasure are safe in my own home.” Louise
“HERO has been extremely generous in supporting me in my path towards homeownership and pursuing my options. The amount of care and detail has been wonderful. Working with HERO, I have felt like a person, not just a number. They have worked with me with respect and compassion, but with a realistic approach.” Judy
