First-time homebuyers in Hallandale Beach, Florida, could receive up to $100,000 in assistance with no repayment required \u2014 if they keep the property as their primary residence for 10 years.<\/p>\n
Here’s what to know<\/p>\n
Hallandale Beach’s redevelopment agency is accepting applications for its 2026-2027 homebuyer assistance program, according to CubaHeadlines<\/a>.<\/p>\n Only properties in the redevelopment district of this Broward County city qualify.<\/p>\n The 2026 median income is $102,500, as determined by the Department of Housing and Urban Development.<\/p>\n The assistance is intended for buyers earning between 50% and 120% of Broward County’s median income.<\/p>\n The program includes condominiums, newly built homes, townhouses, and existing single-family homes within the district.<\/p>\n Assistance can cover a down payment, closing costs, and gap financing. However, limited funding could end the application period early if the money runs out.<\/p>\n Otherwise, buyers have until June 30, 2027, to apply.<\/p>\n More background<\/p>\n The $100,000 is structured as a loan with 0% interest, not an unconditional cash grant.<\/p>\n A sale or transfer during the first 10 years triggers repayment of the entire assistance amount.<\/p>\n To receive forgiveness, recipients must use the home as their primary residence throughout that decade.<\/p>\n If an owner chooses to sell, the agency can buy the home at its appraised value. Its right of first refusal gives the agency 30 business days to do so.<\/p>\n As much as $25,000 of a condominium buyer’s total $100,000 in assistance may be provided as an outright grant rather than included in a second mortgage.<\/p>\n The agency may make that conversion if the buyer’s lender requires mandatory capital contributions.<\/p>\n What can be done?<\/p>\n The program’s office at 400 South Federal Highway does not accept walk-ins.<\/p>\n Prospective buyers must schedule an appointment to apply; applications are accepted on a first-come, first-served basis.<\/p>\n A credit report dated within the past 90 days is among the required application documents.<\/p>\n Applicants must also provide three months of bank statements, six months of pay stubs, copies of identification, and two years of tax returns with W-2s.<\/p>\n Teachers, nurses, and first responders are eligible for an additional $5,000 program incentive.<\/p>\n A separate workforce-housing tier provides up to $10,000 for buyers earning 120%-140% of the county median, with forgiveness over five years.<\/p>\n According to CubaHeadlines, applicants should note that the Spanish-language link on the agency’s website directs users to a form from 2024-2025, not the 2026-2027 program.<\/p>\n Where can I learn more?<\/p>\n Hallandale Beach’s program offers help with upfront costs, but buyers still need to account for the ongoing expense of owning a home. These stories examine resale losses, homeowners association fees, and mortgage affordability.<\/p>\n \u2022 Florida’s 2023 homebuyers are now selling at a loss<\/a>, with St. Johns County topping the list.<\/p>\n \u2022 Florida has 7 of the 10 metros where HOA fees bite hardest<\/a> relative to mortgages.<\/p>\n \u2022 A first-time buyer approved for $440,000 faces a $3,600 monthly mortgage<\/a>, consuming half their pay.<\/p>\n Get TCD’s free newsletters<\/a> for easy tips, smart advice, and a chance to earn $5,000 toward home upgrades. To see more stories like this one, change your Google preferences here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"First-time homebuyers in Hallandale Beach, Florida, could receive up to $100,000 in assistance with no repayment required \u2014…\n","protected":false},"author":2,"featured_media":444941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-444940","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-florida","tag-florida-headlines","tag-florida-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/444940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=444940"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/444940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/444941"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=444940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=444940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=444940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}