LTC 361-2023 First-Time Homebuyer Program Applicant UpdateMIAMI BEACH
OFFICE OF THE CITY MANAGER
NO. LTC #
TO:
FROM: Alina T. Hudak, City Manag
DATE: August 9, 2023
LETTER TO COM MISSION
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 1925 Calais Drive, Unit 3, Miami Beach, FL 33141.
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 $140,000 consisting of $40,000
from FY 20/21 HOME funds and $100,000 from FY 22/23 SHIP funds. The household
will also meet the SHIP statutory set-aside, requiring all jurisdictions to spend 20% of
funding on households with special needs.
The Administration is currently working with the lender, title company, realtor,
condominium association, and the Miami-Dade Economic Advocacy Trust (MDEAT) in
preparation for the closing. In addition to the City's assistance, the MDEAT is providing
the homeowner with $28,500 in down payment/ closing cost assistance.
Currently, there are 112 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. Currently, there is approximately $860,765.03 remaining
in HOME funds and $515,500 remaining in SHIP funds.
For more information, please contact Alba Tarre, Director, Office of Housing and
Communi�ervices, at 305.673.7491 or via email at albatarre@miamibeachfl.gov.
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RW/AAT
361-2023