By Jon Schaefer
Good news for Coral Springs residents feeling the effects of inflation. The city is offering assistance to help with the higher cost of living.
Thanks to the CARES Act, which allocated $25 million dollars to Broward County for rental assistance in 2020, residents whose annual rent increased more than 5% from the beginning of the pandemic can apply for a maximum grant of $3,600.
This program pays landlords directly, and residents are eligible if they meet the following requirements:
- Must have documented evidence of annual lease agreements that have increased more than 5% in one leasing period.
- Must be listed as primary or secondary leaseholders on the annual lease agreement.
- Must not have received any other financial assistance for the period in which they are requesting assistance.
- Must meet the gross annual income not exceeding 80% of the Area Median Income (AMI) limits established by HUD for the jurisdiction of Broward County, FL. The applicable low-income limits for determining program eligibility are published by HUD in the federal register and are updated annually.
For more information on the rental assistance program, visit Rental Assistance or call 954-344-1161.
Send Your News to Coral Springs #1 Award-Winning News Site Here. Don’t miss reading Margate Talk, Parkland Talk, and Tamarac Talk.
Author Profile
Related
NewsNovember 1, 2024Broward Commissioner Michael Udine: Grateful and Ready for November’s Events and Community Initiatives
NewsNovember 1, 2024Coral Springs Commission: November Packed with Events, New City Manager Appointment, and Voting Information
Crime & SafetyOctober 6, 2024Fire Chief Whalen: Annual Traditions and Community Events for Coral Springs-Parkland Fire Department
NewsOctober 6, 2024Coral Springs Police Chief McKeone: As the Holidays Approach, Join Our Toy Drive, Vacation Watch Program, and Community Conversations
