PALM BEACH COUNTY CDBG-CV Mortgage Assistance Program (Round 2)

   NEW APPLICATIONS ARE NO LONGER BEING ACCEPTED FOR THIS PROGRAM

  

AVAILABLE FUNDING:  $1,900,000

 

GRANT MAXIMUM AWARD:  $10,000

(Up to six (6) months mortgage and /or HOA payments, but not to exceed $10,000.  Assistance will be awarded as a grant or forgivable loan.)​ 

ELIGIBLE MORTGAGE ASSISTANCE:  Funding will provide assistance to income eligible households who are at least one-month (30 days) delinquent in their first mortgage and escrow payments (PITI), late fees,  condominium and homeowners' association payments, special assessments, and other mortgage associated costs related to COVID-19.  NOTE: If required assistance exceeds $10,000, applicant(s) will be required to pay the difference, when they are notified of the amount approved by Palm Beach County.

HOUSEHOLD SIZE AND INCOME CATEGORIES TO BE SERVED:    

Number of Persons          
in Household ​

(Moderate - 80% AMI)
(Less than or Equal to)
1 $47,950
2 $54,800
3 $61,650
4 $68,500
5 $74,000
6 $79,500
7 $84,950
8 $90,450​​
 

APPLICANT SELECTION CRITERIA: Applications will be accepted on a first come, first qualified, first served basis, subject to funding availability.  

REQUIRED DOCUMENTS:   At the time of application submittal, applicant must be able to provide the following documents:

      1. Proof of loss of income, reduction in hours, or une​mployment as a result of the COVID-19 pandemic, on or after March 1, 2020; 

      2. Copy of most recent paycheck stub for applicant, co-applicant and ALL working adult household members  (OR) a current completed verification of employment (VOE) within 30 days of application submission​;  

      3.   If Self Employed, a completed 2021 YTD profit and loss statement for applicant, co-applicant and ALL working adult household members and most recent two (2) years tax returns;; 
 
      4.  Copy of most recent social security, retirement and/o​r disability award letter for applicant, co-applicant and ALL household members;
     
      5.   Copy of valid drivers' license or state identification for applicant, co-applicant and ALL adult household members;
 
      6.  Copy of court ordered child support documentation/ALL appropriate legal documentation for adoption, divorce, battered spouse and restraining order for all applicable household members;
 
      7.   Copy of most recent bank statements, (OR) current completed verification of deposit for applicant, co-applicant and ALL adult household members;

      8.   Most recent mortgage payment statement showing proof of the applicant's 30+ days delinquency; and
   
      9.   Copy of homeowners'/condominium association 30+ days delinquent statement (if applicable)
 
    • NOTE: Mortgage  and HOA payments must have been current as of February 29, 2020.  Individuals with a forbearance and/or mortgage modification plan in place will be evaluated on a case-by-case basis.

ADDITIONAL INFORMATION:

  • Homeowners who received first mortgage financing through Palm Beach County Department of Housing and Economic Development, are not eligible to participate in this program.
  • Property must be applicant(s) primary residence.
  • Property must be located in Palm Beach County.
  • Applicants' Assessed value of their property may not exceed $331,888 (current maximum sales price for PBC housing programs)
  • Applicants who already received mortgage and/or HOA assistance through the CDBG-CV Program (Round 1) are not eligible to apply.

 

Access for Current Mortgage Assistance Applications

FOR MORE INFORMATION CONTACT:

Mortgage and Housing Investments (MHI) Division, 100 Australian Avenue, 5th Floor, West Palm Beach, FL 33406

Hours of Operation: 8:00am - 5:00pm

Telephone: Antoinette Prescott at (561) 233-3606 or Shannon Ellison at (561) 233-3693

Email Address:  HESVerify@pbcgov.org ​​​​​​​​