PALM BEACH COUNTY — The Palm Beach County Department of Housing and Economic Sustainability announces the availability of the Community Development Block Grant Coronavirus (CDBG-CV) Mortgage Assistance funds. This program will provide emergency financial assistance to <80% (or less) AMI homeowners who suffered adverse financial impact from COVID-19, and are delinquent in their first mortgage and escrow payments (PITI). Additionally, providing the homeowner is delinquent, funding may assist with second mortgages, late fees, condominium and homeowners’ association payments, special assessments, and other mortgage associated costs related to COVID-19.
Up to six months of assistance (not to exceed $10,000) will be provided to income eligible households who are at least one-month delinquent (after February 29, 2020) in their home mortgage, escrow payments (PITI) and/or condominium and homeowners’ association payments. Assistance cannot be used to cover payments already made; and will be provided as a grant or a forgivable loan.
All requests for assistance will be reviewed based on approved criteria. To qualify, all homeowners must demonstrate that the costs are directly tied to COVID-19. Additional criteria include but is not limited to: income eligibility, residence must be owner occupied, not under contract or listed for sale within the past 60 days, property must be in Palm Beach County, and the assessed value cannot exceed $331,888.
All applications must be submitted online and will be processed on a first come, first eligible basis. The online application will open on Friday, May 7, at 8 a.m., and close Monday, June 7, at 11:59 p.m. Applications can be accessed at the County’s Department of Housing and Economic Sustainability’s website http://pbcgov.com/hes