COLORADO SPRINGS - The City of Colorado Springs has been awarded grant funding of $5.9 million to acquire properties in southwest Colorado Springs that were impacted by landslides that began in 2015.
Twenty-seven homeowners qualified to be included in the Hazard Mitigation Grant Program application.
However, the $5.9 million doesn't cover all of them. The City plans to prioritize the homes it will purchase now, and it will continue to search for additional funding to buy out the rest.
“The City is pleased to have successfully secured grant funding to provide financial relief to those residents who have been struggling since May 2015 with significant damage to their homes from landslide activity. This grant funding will allow the city to purchase many homes that were significantly damaged or destroyed. In turn, and by FEMA rules, the land will be converted to open space to mitigate future damage,” said Bret Waters, Deputy Chief of Staff and Director of the Colorado Springs Office of Emergency Management.
City officials will provide information and a timeline to those residents as the process moves forward.
These funds come from the Federal Emergency Management Agency through the Colorado Division of Homeland Security and Emergency Management.
FEMA will provide a maximum reimbursement of up to 75 percent of the total eligible project cost.
The project cost includes items such as title search and appraisal fees, property acquisition and cost of demolition. The property owner is responsible for the remaining 25 percent of the project cost. The City will apply in-kind services and staff time towards the required 25 percent grant match, which will lessen the cost to the property owners.
This comes after the heavy rain that hit Colorado Springs during the spring and summer of 2015.
READ MORE: Landslide still slowly, surely moving in Colorado Springs
It caused significant damage to public infrastructure and prompted FEMA to issue a Major Disaster Declaration on July 16, 2015
Rainfall also triggered several landslides in isolated areas on the city’s west side.
The City of Colorado Springs applied in February 2016 for a FEMA Hazard Mitigation Grant Program.