General Overview

The Miami Beach Community Development Corporation First Time Home Buyer Assistance Program provides training, counseling, and financing to assist qualified home buyers in the purchase of property to be used as their principle residence. The program is administered by MBCDC and is funded by the City of Miami Beach, Miami-Dade County, the State of Florida and the U.S. Department of Housing and Urban Development. The organization has been designated as a Community Housing development Organization by the City of Miami Beach and Miami-Dade County.

This program is available to families that earn no more then 80% of the Miami-Dade County median income level adjusted for family size. Additional assistance may be available to very low income families, earning less then 50% of median income.

Applicants must demonstrate steady employment or other means of stable income as well as an acceptable credit history. They must be first time home buyers purchasing the property as a principal residence. Applicants will be considered first time home buyers if they have not owned a home during the three year period prior to participation in this program. Special exceptions enable participation in the program by displaced homemakers and single parents. MBCDC provides housing counseling to prospective first time home buyers to prepare them for the acquisition and ownership of their first home.

Eligible properties include studios, one, two, or three bedroom single family homes, condominium units and attached town houses located within the City of Miami Beach. Properties are inspected by government funding agencies to assure they meet structural and other applicable housing standards. MBCDC will undertake to rehabilitate the property to comply with the standard requirements of the funding sources. The contract purchase price to be paid by the applicant may not exceed the property appraisal.

For more information and an application contact Julia Martinez, Housing Assistant, at 305-538-0090.