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Miami Beach First-Time Homebuyer Assistance Program
Miami Beach Community Development Corporation
www.miamibeachcdc.org

Contact


Julia Martinez
Miami Beach Community Development Corporation 945 Pennsylvania Ave. Second Floor
Miami Beach Florida 33139
(305) 538-0090






Program Overview


Miami Beach First-Time Homebuyer Assistance Program is a program that offers low- or no-interest loans or grants for down payment or closing cost assistance. Property must be within the city of Miami Beach.


Who is eligible for thisTest program?


First-time homebuyers purchasing a property as a principle residence. Buyers will be considered “first-time” if they have not owned a home in the three years prior to their application. Exceptions are made to allow displaced homemakers and single parents to participate. Borrowers must have a satisfactory credit history.

Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


Property must be in the city of Miami Beach
Allowable property types: Studios, one, two, or three bedroom single family homes, condominium units and attached town houses.


Benefit Details


Benefit may be a grant or a loan, depending upon income.

Benefit: Low-interest or no-interest grants or loans for down payment or closing cost assistance.
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:Borrowers may not borrow more than the assessed value of the property. All properties are inspected to assure they meet structural standards. Application is made after attending a homebuyer class.

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