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Additional homes will be posted here in the coming months. Please continue to check back.
The eligibility criteria primarily includes, but is not limited to:
- the individual's or family's income cannot exceeding 120% of the Area Median Income; however, as per HUD requirements, 25% of the homes for sale will be set aside for individuals or families that are at or below 50% of the Area Median Income
- the buyer must be able to qualify for a Mortgage Loan
- the buyer must occupy the home as their primary residence
2014 Area Median Income
|Household Size||50% of AMI||120% of AMI|
The City of Miami Gardens received an allocation of $6,866,119.02 from the Federal Government to carry out the Neighborhood Stabilization Program (NSP). As per the guidelines, the City's use of these funds is limited to specific activities. The City's plan as approved by HUD includes acquiring, rehabilitating and re-selling abandoned and foreclosed homes throughout the City of Miami Gardens. The acquisition component of the project is just about completed, with the rehabilitation of many of these units is underway. Several have been completed and sold but there are many other homes that remain available. So as the rehabilitation of these homes reaches a level of substantial completion, the City will make these homes available for re-sale to eligible buyers.
In addition to these homes being rehabilitated with Energy Star and Water Sense improvements and being hardened against Hurricanes, there is also Homebuyer Assistance available. The assistance is an amount of up to $55,000 per home, based on need. The assistance can be used towards the down payment and closing costs or could also be used to buy-down the established sales price.