Homeowners and tenants in Miami will be paid financial aid: how much can you get

Authorities in Miami, Florida on Thursday, July 23, approved $ 1,6 million in assistance for tenants, homeowners and mortgage payers affected by the COVID-19 pandemic. Writes about it Miami Herald.

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Most of the money, $ 1,3 million, will go towards a mortgage assistance program for low- and middle-income homeowners who have lost their jobs. Of this total, $ 131 will fund the management of the program, and $ 000 million will be distributed to people in grants at $ 1,1 per person. The money for mortgage assistance comes from the federal CARES law.

Authorities have also approved $ 300 assistance for tenants. Low-income renters who have lost their jobs during the pandemic and are faced with the threat of eviction can apply for assistance of up to $ 000.

The Eviction Prevention Program redirects funds from a 2016 program created to help residents of West Grove, a black neighborhood where residents have been gentrified. The money was left unspent due to a restriction that allowed West Grove tenants to receive grants only if they moved somewhere within Miami.

Commissioner Ken Russell offered to take money from this program, which has not been used in several years.

“I asked if we could use this money now for the crisis we are in,” Russell explained.

On the subject: Situation worsens: Florida runs out of intensive care beds

He was the author of both bills for financial aid, which were unanimously passed at the meeting of the city council on Thursday, July 23rd. The programs are expected to launch in the coming weeks, with application deadlines to be announced later.

Demand for both programs is expected to be strong. In May, the city used more than $ 3 million in federal housing funds to distribute loans and grants to business owners and tenants.

Russell said the authorities should devote more funds to such programs as the economic impact of the pandemic drags on and the moratorium on evictions will eventually be lifted.

“We need this help from the state and federal governments so that we can bring our community together,” Russell concluded.

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