Rep. Joe Neguse | Rep. Joe Neguse Official U.S. House headshot
Rep. Joe Neguse | Rep. Joe Neguse Official U.S. House headshot
Lafayette, CO — On May 15, 2023, Congressman Joe Neguse announced that the United States Department of Housing and Urban Development (HUD) has taken action to prevent undue foreclosures for victims of the Marshall Fire. HUD flagged all properties located within Louisville, Superior, and unincorporated Boulder County in their servicing system to require additional HUD approval before Due and Payable actions are taken. In March, Rep. Neguse wrote to federal administrators requesting an update to the Home Equity Conversion Mortgage (HECM) occupancy requirements for borrowers following a natural disaster.
The foreclosure notice sent to Ed Sharp, an 80-year-old Superior resident who lost his home as a result of the Marshall Fire, has also been rescinded. Congressman Neguse took action shortly after being made aware of Sharp’s situation and the impact this occupancy requirement could have on other residents with reverse mortgages.
“It was unconscionable that families impacted by the Marshall Fire would be at risk for foreclosure because they are unable to inhabit a home that is literally no longer standing. I am proud of my team, who took decisive action to rectify the issue, and am grateful that the Department of Housing and Urban Development listened to our calls and decided to take action to protect those not only impacted by the Marshall Fire, but by natural disasters across the nation,” said Congressman Neguse.
The Marshall Fire devastated communities across Colorado’s 2nd Congressional District, destroying over 1,000 homes and businesses in Louisville, Superior, and Unincorporated Boulder County. In the year since the Marshall Fire, Rep. Neguse emerged as a leader in the fight against wildfires. He helped to secure over $11 Billion in federal funds related to helping families impacted by Marshall Fire. He introduced 3 bills to directly benefit Marshall Fire victims and led the House-passed Wildfire Response and Drought Resiliency Act, a monumental legislative package composed of over 50 stand-alone bills all focused on tackling wildfires, boosting firefighter pay, and funding resiliency and mitigation projects for communities impacted by recent climate-induced disasters.
Original source can be found here.
Alerts Sign-up