Hallandale Beach Affordable Housing Program

About This Building

Homeownership Assistance Program in Hallandale Beach Benefits for Homebuyers - Financial support from the City of Hallandale Beach - Assistance for new construction or purchasing an existing home, condo, or townhouse - Choice between a lump sum of $25,000 or $50,000 - Allocation of funds for lot purchase, construction costs, closing costs, or mortgage reduction Preference for Essential Professionals - Police, firefighters, teachers, and City employees given priority - Recognition of their valuable service within the community No Interest Second Mortgage - Assistance provided through a second mortgage with no interest - No required payments as long as the homeowner resides in the house Additional Financing and Disbursement - Application and approval required from a financial institution (bank, credit union, or mortgage broker) for additional construction funds - City disburses assistance upon loan closing with the lender Opportunity to Purchase Vacant Lots - City-owned vacant lots available for purchase at assessed value Requirements for Eligibility - Employment or retirement status - Acceptable credit score - First mortgage from a financial institution for additional funds - Ability to provide a 3% down payment of the mortgage amount