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Housing authority reports repair grants paid and HOA reserve study that lowers 10-year cost estimate
Summary
APHA reported the essential-repairs grant program has paid more than $600,000 through 121 awards and presented a capital-reserve study of 27 HOAs showing average 10-year capital needs of $7–$12 million across participating associations; staff said education, seminars and homeowner classes will follow.
Matthew Gillen, director of APHA, told the Pitkin County Board of County Commissioners that the agency has made the essential-repairs grant program permanent and has paid out more than $600,000 across about 121 approved grants.
"The average repair cost was $10,000 and the average actual grant given was nearly $6,000," Gillen said, noting windows and hot water heaters were among the most common repairs. He said keeping the program will help maintain existing housing stock.
Gillen walked…
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