If you are a person with a low or moderate income who is planning to buy a house in Coral Springs, it wouldn’t be a bad idea to visit City Hall South on Monday.
Starting Feb. 2, the city will give applications for those seeking financial help for the purchase and rehabilitation of foreclosed homes in Coral Springs. Applicants will be prioritized on a first-qualified, first-served basis. The last date to receive an application is March 6. The city has contracted with Community Redevelopment Associates of Florida, Inc. to implement the program.
The city has been allocated $3,378,142 by the U.S. Department of Housing and Urban Development to implement the neighborhood stabilization program. The money will be used to assist qualified buyers in purchasing a foreclosed property that comes under the program. Eligible properties include single-family detached homes, condos, town homes, and villas that have been foreclosed for at least 90 days.
The city hopes to help 60 families through the program, said Susan Hess, Coral Springs director of community development. “We will focus on homes that fall within the 33065 zip code area. However, it is a city wide program, and if there is a home outside the area, we will consider it. We are working to put together a list of eligible properties. We are hoping to get the first family into a home in May.”
Twenty-five percent of the funds have to be set aside for low-income households, said Shekeria Brown, CRA community and economic development manager. “A person who qualifies will get up to $25,000 for purchase assistance and up to $25,000 for minor repairs. You can live anywhere and still apply for the program.”
Call Community Redevelopment Associates of Florida, Inc. at 954-431-7866. City Hall South, 9530 W. Sample Road, is open Monday through Friday from 7:30 a.m. to 5 p.m. Visit www.coralsprings.org.