City Receives $733,522 in Mortgage Assistance for Residents
Published on September 28, 2021
Coral Springs, FL – The city has received federal funding allocation as part of the Community Block Grant Program, from the U.S. Department of Housing and Urban Development, to provide mortgage assistance for homeowners in Coral Springs. 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.
Of the financial assistance available for residents, Mayor Scott Brook, said, “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. 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.”
If granted, assistance will be provided for past due mortgage payments, escrow, or other fees from April 1,2020 until present. Financial assistance must be paid directly to the service provider/lender and is limited to a maximum award of $10,000 per homeowner.
To be eligible, applicant(s) who own a home in Coral Springs, must have documentation about loss of income, reduction in employment hours, or unemployment, as a result of the COVID-19 pandemic, which contributed to missed mortgage payments, escrow, or HOA payments. View other eligibility requirements.
To apply, print (single-sided), in color application available on the city’s website, www.coralsprings.gov/mortgage. Complete the application in blue or black ink and provide copies of all required documentation.
If you are unable to print the application, copies are available for pick up at City Hall (9500 W. Sample Road) from September 29 through October 10, 2021, during operational hours.
Once the application is completed, residents may apply in person at the 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.
- Wednesday, October 13 – 8:00 a.m. to 5:30 p.m.
Please note, that incomplete applications or applications without the required supporting documentation will not be accepted. Funding is limited and assistance will be provided on a first-come, first-ready, and first-approved basis. Assistance is contingent upon funding availability; therefore financial assistance is not guaranteed.