The Mortgage Relief Program helps homeowners cope with the state’s housing crisis
On the heels of last year's declaration of a housing affordability crisis by County Mayor Daniella Levine Cava, April serves as Fair Housing Month.
Mayor Levine Cava has spent the last year exploring options for how the county may aid residents whose livelihoods have been disrupted by the region's spiraling housing costs. Her strategy to keep people in their homes by allocating $85 million in rental-assistance money for eligible households was a significant part of the endeavor. Her latest initiative to help homeowners in Miami is the Mortgage Relief Program.
Get the details about this The Mortgage Relief Program helps homeowners cope with the state’s housing crisis. program and if you qualify to apply below.
About the Mortgage Relief Program
Levine Cava announced a mortgage-relief initiative in collaboration with Neighborhood Housing Services of South Florida during a speech at the Culmer community-resource facility in Overtown. Commissioner Marleine Bastien of District 2 and head of the Committee on Housing, Recreation, Culture, and Community Development thinks these efforts will be helpful for low-income households trying to keep up with mortgage payments.
Homeowners who have fallen behind on their mortgage, HOA dues, house insurance, and/or utility bills can apply for help through the Mortgage Relief Program. To help with items like missed mortgage payments, HOA fees, and property coverage, the program provides eligible families with a single installment payment of $1,500.
Who qualifies for the program?
Applicants must own a principal property in Miami-Dade County and have an annual household income that does not exceed 140% of the local median income. Eligible households have an annual income between $95,620 for a single individual and $180,180 for a family of eight.
Applicants who are 65 or older, deal with a disability, have children in the home, or whose mortgage is more than three to twelve months overdue will be given preference. To apply, visit https://nhssf.org/mortgage-relief-program/ or stop by one of the 12 community resource centers spread around the county.
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