Apply Now: City Receives $700,000 in Mortgage Assistance for Residents
September 28, 2021 • By Sharon Aron Baron
By Sharon Aron Baron
Residents suffering financial hardship can apply for mortgage assistance through the City of Coral Springs.
As part of the Community Block Grant Program, the city received a federal funding allocation from the U.S. Department of Housing and Urban Development to provide mortgage assistance for homeowners.
To qualify, residents must demonstrate they experienced a loss of income, reduction in hours of employment, or unemployment, as a direct result of the COVID-19 pandemic, according to a statement from the city.
“In addition to the more than $2 million in CARES Act funding the city distributed for rental and utility assistance, I am so proud that we are also assisting homeowners who suffered financial hardship as a result of the COVID-19 pandemic,” said Mayor Scott Brook. “The coordination and allocation of funds by city staff truly demonstrates our commitment to ensure Coral Springs receives our fair share of federal funding, which directly benefits residents.”
Eligibility
Applicant(s) who own a home in Coral Springs must have documentation about the loss of income, reduction in employment hours, or unemployment resulting from the COVID-19 pandemic, which contributed to missed mortgage payments escrow, or HOA payments. View other eligibility requirements.
If granted, assistance will be provided for past-due mortgage payments, escrow, or other fees from April 1, 2020, until the present.
Financial assistance must be paid directly to the service provider/lender and is limited to a maximum award of $10,000 per homeowner.
Apply
Print the (single-sided), in-color application from the city’s website, www.coralsprings.org/mortgage, then complete the application in blue or black ink and provide copies of all required documentation.
For residents who cannot print the application, copies are available for pick up at City Hall at 9500 W. Sample Road from September 29 through October 10, 2021, during operational hours.
Once the application is complete, residents may apply in person at City Hall on the following dates: Monday, October 11 – 8:00 a.m. to 5:30 p.m., Tuesday, October 12 – 8:00 a.m. to 5:30 p.m., or Wednesday, October 13 – 8:00 a.m. to 5:30 p.m.
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