Miami-Dade County is offering some condo owners loans up to $50,000 to cover costs associated with special assessments.
Miami-Dade County is now providing funding assistance to help condominium owners pay for special assessments that can arise from building recertifications. Qualifying owners making less than 140% of the area median income (AMI) can get up to $50,000 in assistance to pay for these assessments. Individuals earning less than $95,620; couples making less than $109,200; three-person households earning less than $122,920; and households of four making less than $136,500 may be eligible.
The Condominium Special Assessment Program will assist owner occupied condominium homeowners with limited finances, address special assessment requirements associated with repairs due to recertification. Surtax funds will be in the form of a loan at zero interest rate and a household income up to 140% of the Area Median Income.
- Program Overview and Application
- Program Overview and Application – Spanish
- Program Overview and Application – Russian
- Program Guidelines
- Program Guidelines – Spanish
- Program Guidelines – Russian
For more information, visit Miami-Dade County’s website. For additional information or questions refer to the Program Guidelines or contact Shawn Topps at 786-469-2209.