If you’re a condo owner in Miami-Dade County, there’s some major news that could save you thousands of dollars. A new county program is offering up to $50,000 to help residents cover special assessments—those hefty, unexpected fees often tied to structural repairs and new safety mandates like the Structural Integrity Reserve Study (SIRS).
This initiative is a lifeline for homeowners struggling to keep up with rising costs and new regulations. In this quick video, I break down who qualifies, how to apply, and why you should act fast.
🏢 Who Qualifies for This Program?
To be eligible, you must:
✅ Live in the condo as your primary residence (no investor-owned units)
✅ Earn less than 140% of the Area Median Income
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That’s about $95,620 for individuals or $136,500 for a family of four
💡 Bonus for low-income households: You may be able to repay the loan at *just $50/month for 40 years—interest-free!
📌 How to Apply
Applications must be submitted in person or by mail. Make sure to gather these documents:
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🏠 Proof of ownership
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🧾 Proof of income
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🏦 Mortgage statement and HOA payment history
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🪪 Government-issued ID, recent tax returns, and bank statements
🔗 More details:
Miami-Dade Program Info
📄 Application PDF:
Download here
🗣️ Help Us Spread the Word!
Many Miami-Dade condo owners have no idea this funding exists—so please, share this video with your neighbors, HOA board, or community WhatsApp groups.
If you have any questions or need help navigating the application process, drop a comment on the video or reach out directly. And don’t forget to like, subscribe, and hit the bell icon for more useful real estate updates.