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- Purchase Assistance Program
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The City of Miami Gardens through the State Housing Initiative Program (SHIP) has a Purchase Assistance Program to include assistance with down payment and closing costs. These are typically available for persons who meet particular income requirements.
• Eligible applicants can receive up to $20,000.00 in assistance.
• Assistance will be provided on a first-qualified, first-ready, first served basis, funds are limited.
• Homebuyer must complete an education course by a HUD certified Housing Counselor.
• A first-time buyer is considered someone hasn’t owned a home in the last three years
• Applications are provided once fully executed sales contract and Lender approval letter have been received.
Household Size | 1 Person | 2 People | 3 People | 4 People | 5 People | 6 People |
120% | $75,960.00 | $86,880.00 | $97,680.00 | $108,480.00 | $117,240.00 | $125,880.00 |
• Participants with income less than or equal to 120% of median income for family size.
• Property must be located within the City of Miami Gardens city limits.
• City of Miami Gardens, single family homes, including town homes, duplex, and condominiums
• Property sales price does not exceed $ 331,881.00
• Forgivable at the End of Thirty (30) years
• Maximum assistance is up to $20,000.00
• Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note.
• Interest Rate: 0 % rate