CITY OF WESTON PROGRAMS
Broward County Housing Finance and Community Redevelopment Division, in partnership with the City of Weston, Florida, is now offering two new programs for Weston residents:
Down Payment Assistance
For qualified persons wishing to purchase a home within the City of Weston. These funds will be available after November 1, 2015. The maximum amount of assistance is $40,000 and will be determined on need. Households must have incomes less than 80% of the Area Median Income, adjusted by family size (Income Chart).
Buyer must first be able to obtain a first mortgage through a bank and must contribute 3% of the total costs towards the down payment, including closing costs, insurance, inspection fees, and other required fees from their own funds.
Down Payment funds will be in the form of a second mortgage. There will be no interest, and as long as the borrower owns, occupies, and maintains the home for a period of 15 years, the loan will be forgiven.
Information on how to apply for this program will be available on or about November 1, 2015.
Funds for this program are limited and applicants will be served on a first come, first qualified basis.
Home Repair Assistance
Eligible homeowners may apply for assistance with repairs to their home. The maximum amount of assistance is $40,000 and will be determined by the actual cost of the work. Eligible households must have incomes less than 80% of the Area Median Income, adjusted by family size (Income Chart).
Repairs will be limited to:
· Roof repair and/or replacement; complete repair/replacement of deteriorated roofing system
· Window replacement
· Door replacement
· Insulation
· Hurricane/storm shutters
Home repair funds will be secured with a junior note and mortgage on the property. There will be no interest and as long as the borrower continues to own, occupy, and maintain the home for a period of 10 years, the loan will be forgiven.
Funds for this program are limited and applicants will be served on a first come, first qualified basis.
Minor Home Repair & Exterior Paint Assistance
Due to the large volume and limited availability of funds, we are no longer accepting applications for the Minor Home Repair & Exterior Paint Assitance Programs, effective October 1, 2015.
New Homes for Sale
The Housing Finance Authority of Broward County (HFA) in partnership with Broward County Housing Finance and Community Development (HFCDD) is financing the construction of 18 new homes in the unincorporated neighborhood of Franklin Park Estates. Applications are still being accepted on a first come, first qualified, first served basis and dependent upon the availability of homes, qualification, funding, etc.; qualified applicants will be added to a waiting list.
Housing Finance and Community Development Division Programs
Consolidated Plan and Action Plan
