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LTC 423-2024 First-Time Homebuyer Program Applicant UpdateMIAMI BEACH OFFICE OF THE CITY MANAGER NO. LTC # 423-2024 LETTER TO COM MISSION TO: Honorable Mayor Steven Meiner and Members of the City Commission FROM, Eric T. Carpenter, City Manager� � DATE: September 23, 2024 SUBJECT: First-Time Homebuyer Program Applicant Update The purpose of this Letter to Commission ("L TC") is to advise of the income eligibility and application approval of a First-time Homebuyer Program Applicant for the purchase of a condominium unit located at 737 11th street, Unit 6, Miami Beach, FL 33139. The household is income-eligible to receive down payment assistance funding from the HOME Investment Partnership (HOME) and Statewide Housing Initiatives Partnership (SHIP First-time Homebuyer Programs in the amount of $100,000 consisting of $40,000 from FY 20/21 HOME funds and $60,000 from FY 22/23 SHIP funds. Currently, there are 45 households in the process of completing their application for the First-time Homebuyer Program. The Administration continues to work with applicants on a first-qualified, first-served basis. For more information, please contact Alba Tarre, Director, Office of Housing and Community Services, at 305.673.7491 or via email at albatarre@miamibeachfl.gov. &T