The Palm Beach County Department of Housing & Economic Development is about to begin Round 2 of its Community Development Block Grant Coronavirus (CDBG-CV) Mortgage Assistance Program. This program allows new applicants, impacted by COVID-19, to apply for financial assistance to help with paying delinquent first mortgages, escrow payments, second mortgages, late fees, condominium and homeowners’ association payments, special assessments and other mortgage-associated costs.
Up to 6 months of assistance, not to exceed $10,000, will be provided to income-eligible households who are at least one-month delinquent after Feb. 29, 2020 in their home mortgage, escrow payments and/or association payments. Assistance cannot be used to cover payments already made and will be provided as a grant or a forgivable loan.
All requests for assistance will be reviewed based on approved criteria. To qualify, all homeowners must demonstrate that the costs are directly tied to COVID-19. Additional criteria include but are not limited to income eligibility, residence must be owner-occupied, not under contract or listed for sale within the past 60 days, the property must be in Palm Beach County and the assessed value cannot exceed $331,888.
All applications must be submitted online and will be processed on a first come, first qualified, first served basis, subject to funding availability. The online application will be open Monday, Aug. 16 at 8 a.m. through Tuesday, Sept. 7 at 11:59 p.m. Applications can be accessed at www.pbcgov.com/hed.
