NOTICE OF FUNDING AVAILABILITY

 

Palm Beach County Department of Housing and Economic Development will begin Round 2 of its Community Development Block Grant Coronavirus funds (CDBG-CV) Program.  The program allows new applicants, impacted by COVID19, to apply for 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: $10,000 (Up to six {6} months mortgage and HOA payments, but not to exceed $10,000.  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$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:
Applicants must complete an online application by visiting the Website at:  http://pbcgov.com/hed/, beginning Monday, August 16, 2021 through Tuesday, September 7, 2021.  Applications will be accepted on a first come, first qualified, first served basis, subject to funding availability.  Applicants must meet the program requirements, and must provide the following updated required documents:

(1) Proof of loss of income, reduction in hours, or unemployment 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 submission of application;
(3) A completed 2021 YTD profit and loss statement (if self-employed) for applicant, co-applicant and ALL working adult household members;
(4) Copy of most recent social security, retirement and/or 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 delinquency; and 
(9) Copy of homeowners'/condominium association 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 MUST BE at least one-month (30+ days) delinquent at the time of application submittal.
  • Applicants who already received mortgage and/or HOA assistance through the CDBG-CV Program (Round 1), are not eligible to apply.

 
For More Information Contact:
Mortgage & 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: HEDVerify@pbcgov.org

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