January 13th is international "Make Your Dreams Come True" day, and Miami-Dade County wants to help you achieve your homeownership dreams with a variety of programs to assist you:
"Public Housing and Community Development will work with you and local mortgage lenders to provide a low-interest second and/or a third mortgage (of between 0-6 percent) using the appropriate source of funds to bring your out of pocket costs to an affordable level."
"First-time homebuyers can get a below-market mortgage rate. This program works with lenders to create a special package of first, second and, if necessary, third mortgages to finance a home you can afford."
"The Infill Housing Program's main goal is to increase the availability of affordable homes for very-low, low- and moderate-income families. Every dwelling unit developed through the Infill Housing Program must be sold to a qualified household to be used as their primary residence.
Americans with Disabilities Act (ADA) accessible homes are available through the Infill Housing Program Infill Developers are required to build a minimum of one unit or 5% (whichever is greater) of the total awarded or approved homes it develops for the program."
"The Workforce Housing Development Program is a voluntary program that provides density bonuses, and other incentives for the development of affordable housing for working families and individuals.
Workforce Housing is defined as housing that is affordable for families whose incomes are within 60 to140 percent of the Country’s area income as reported by the United States Department of Housing and Urban Development and adjusted to family size ($50,820 to $118,580, respectively, for a family of four)."
Generally, the Miami-Dade home ownership programs are open to anyone in Miami-Dade County who do not own a home at the time of application and meets the following minimum requirements:
> has an income not exceeding the limits
> has been employed in the same line of work for at least 24 months
> has a good, established credit history and been approved for credit by a participating lender
> be either a U.S. Citizen, or have obtained legal permanent residency immigration status
> has completed a Homebuyers Training Program
Specific program requirements will vary.
Today is the day to make your dreams come true. Contact Miami-Dade County's Department of Public Housing and Community Development at 786-469-4100 or firstname.lastname@example.org for more details.