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Workforce Housing Program
North Bay Village Launches Workforce Housing Pilot Program
North Bay Village Workforce Housing Program, designed to assist Village residents and attract essential workers to our community. The program addresses the diverse housing needs of the community by offering three tiers of assistance: down payment/homebuyer assistance, utility assistance, and rental assistance.
The program prioritizes income-eligible residents and essential workers, including North Bay Village police, fire personnel, Miami-Dade County school employees working in Village schools, and licensed health professionals. Here is a breakdown of the three assistance tiers:
- Down Payment/ Homebuyer Assistance
- Rental Assistance
- Utility Assistance
Down Payment/ Homebuyer Program
North Bay Village (NBV)provides Down Payment/ Homebuyer Assistance Pilot program. The program assists eligible participants with down payment/ homebuyer assistance to purchase a residential property in the village. The assistance is provided as a zero percent interest loan.
 Eligible participants can receive up to $30,000.
 Priority is given to essential workers identified as follows:
- NBV residents.
- NBV Police, Fire Department employee or general employees of NBV.
- Miami-Dade County Public School employees working at a school in NBV; and
- Licensed health professionals working in NBV.
To apply for the program, applicants must meet the following criteria to submit an application:Â
- Read, understand, and sign program application disclosures. All program disclosures must be signed and submitted with the program application. Applications without disclosures will not be accepted.
- Meet the appropriate income guidelines as established (see income chart below).
- Have pre-qualification/approval for a mortgage by an approved lender*.
- Have an executed purchase contract to condo unit or townhouse in NBV.
- Have not owned or had any ownership in a principal residence during the last 3-year period ending on the date of the application.
- Property must be located in NBV.
- Property must be primary residence.
*Approved lenders- Martiza Vazquez (Bank of America) 786-767-5259 [email protected] and Catherine Albamonte (Truist) 954-753-7714 [email protected]
Utility Assistance Program
North Bay Village (NBV) provides utility assistance to long-term owner-occupied village residents (5 years or more) on a fixed income.
Eligible participants can receive up to $1,000.
To qualify for the program, applicants must meet the following criteria:Â
- Resident of the Village for 5 or more years
- On a fixed income
- Three months of delinquent utility bills
- Legal owner of the property
- Property must be located in the Village.
Rental Assistance Program
North Bay Village (NBV) provides rental assistance to eligible participants with new leases that require an upfront rental deposit (security deposit, first and/or last month’s rent only). The assistance is provided as a zero-interest loan.
Eligible participants can receive up to $4,500.
Priority is given to essential workers identified as follows:
- NBV residents
- NBV Police, Fire Department employee or general employees of NBV.
- Miami-Dade County Public School employees working at a school in NBV; and
- Licensed health professionals working in NBV.
To qualify for the program, applicants must meet the following criteria:Â
- Applicants must qualify for a rental housing unit or submit a lease application prior to submitting an application for assistance.
- Applicants must enter into a 12-month lease to qualify for assistance.
- Applicants must meet the appropriate income guidelines as established. (see income limits chart below).
- Property must be located in NBV.
- A lease application, lease approval or signed lease must be provided with the rental program application. A signed lease must be provided for NBV to issue payment to the owner/management company.