Florida Homebuyer Opportunity Program in Miramar

During the 2009 regular legislative session, the Florida Homebuyer Opportunity Program (FHOP) was created. This program requires that funding be used to provide up to $8,000 in purchase assistance to applicants that are eligible to receive the federal first-time homebuyer tax credit created through The American Recovery and Reinvestment Act of 2009. Properties must be purchased for owner-occupied primary residences. Assistance received under FHOP must be repaid by the income tax refund the homebuyer is entitled to under the First Time Homebuyer Credit.

Allocation

The City of Miramar received $87,543 under the Florida Homebuyer Opportunity Program (FHOP) for fiscal year 2009-10.

Eligible Applicants

The City of Miramar is currently accepting applications for this program on a first come, first served basis, until no more funding remains. Applications will be processed on a first come, first served basis with proof of an executed purchase contract and mortgage pre-approval from a participating lender, until funding runs out.

Maximum Assistance

The maximum assistance available to any applicant under this program is $8,000.

Income Limits
Up to $75,000 for single taxpayers or $150,000 for joint filers.

Budget

Program Description	Allocated amount
First-Time Homebuyer Program – Provides down payment and closing cost assistance for first-time homebuyers.	$78,788.70
Planning and Administration	$8,754.30

Application Availability

Applications may be downloaded at Community Redevelopment Associates of Florida, Inc at www.crafla.com . Applications can also be obtained at the following address:

Community Redevelopment Associates of Florida, Inc.

8569 Pines Boulevard, Suite 201

Pembroke Pines, FL 33024

Hours: Monday -Friday 8:30 a.m. to 5:00 p.m. (Closed 12:30 p.m. to 1:30 p.m. each day)

For More Information: (Option 3.

Applications will be available until all funds are expended.

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