NOTICE OF FUNDING AVAILABILITY
Palm Beach County Department of Housing and Economic Development (HED) announces the availability of SHIP Foreclosure Prevention funds and Round 3 of its Community Development Block Grant Coronavirus funds (CDBG-CV) Program funding. Applications will be available online on the following dates by visiting the website below. Applications will be accepted on a first submitted, first qualified, first served basis, subject to funding availability.
SHIP Foreclosure Prevention Program -
June 27, 2022 - until ALL funding is expended. Funding will be provided to assist with delinquent mortgage payments (PITI), up to three (3) months additional payments, property taxes, and homeowners insurance. Additionally, funding may assist with late fees, attorney's fees, homeowners' association payments, special assessments, other foreclosure associated costs, and mortgage delinquency and default resolution counseling.
Maximum Award Amount is up to $20,000. Assistance will be awarded as a deferred loan
Household Size and Income Categories to be served:
|
Number of Persons
in Household
|
Moderate 140% AMI
(Less than or Equal to)
|
|
1 |
$90,160 |
|
2 |
$103,040
|
|
3 |
$115,920 |
|
4 |
$128,800 |
PROGRAMS REQUIRED DOCUMENTS: A list of required documents is located
HERE.
ALL documents must be provided at the time of application – for ALL household members. If the applicant's property is located in the incorporated areas of Boca Raton, Delray Beach, Boynton Beach, and West Palm Beach, the applicant must apply for assistance with the city where the property is located.
Click Here for Foreclosure Prevention Application
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CDBG-CV Mortgage Assistance Program – June 27, 2022 – until ALL funding is expended. Funding will assist applicants, impacted by COVID19, with financial assistance to help with paying delinquent first mortgage, escrow payments (PITI), second mortgages, late fees, condominium and homeowners' association payments, special assessments, and other mortgage associated costs related to COVID-19.
Maximum Award:
$20,000 (Up to six {6} months mortgage and HOA payments, but not to exceed $20,000. Assistance will be awarded as a grant or forgivable loan.
Household Size and Income Categories to be served:
|
Number of Persons
in Household
|
Low 80% AMI
(Less than or Equal to)
|
|
1 |
$51,500 |
|
2 |
$58,900 |
|
3 |
$66,250 |
|
4 |
$73,600 |
PROGRAMS REQUIRED DOCUMENTS:
A list of required documents is located
HERE. ALL documents must be provided at the time of application – for ALL household members. If the applicant's property is located in the incorporated areas of Boca Raton, Delray Beach, Boynton Beach, and West Palm Beach, the applicant must apply for assistance with the city where the property is located.
Click Here for Mortgage Assistance Application
For additional information, please contact:
Palm Beach County
Department of Housing and Economic Development (HED)
Mortgage and Housing Investments Division
100 Australian Avenue, 5th Floor, West Palm Beach, FL 33406
Telephone: (561) 233-3600 Receptionist or Antoinette (561)233-3606 or Shannon Ellison (561)233-3693
Website:
https://pbcgov.com/HED