By Sharon Aron Baron
Through the State of Florida, the City of Coral Springs has received $502,500 in coronavirus relief funds to be used for rental and mortgage assistance for those who have suffered a loss of income, reduced hours or unemployment as a direct result of COVID-19.
Income-eligible residents with proof of significant impact caused by the pandemic can apply by registering in line from Monday 24 August. Funds are limited and will be granted to residents on a first-come, first-served basis.
City Manager Frank Babinec said the unforeseen challenges this pandemic has caused, including the financial burden on residents, is something city staff have been working on solutions to address.
“Allocating over $500,000 in coronavirus relief funds for this program is one of the ways we are trying to alleviate the financial hardship families in our city have endured,” he said. declared.
This period of crisis also presented a unique opportunity, leading to a significant drop in mortgage interest rates. There are mortgage affordability calculators available online which can help determine whether or not refinancing is possible and/or financially responsible.
Assistance will only be provided for mortgages and rent due from April 1, 2020 through December 2020. If granted, assistance will be paid directly to the mortgage company or landlord.
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Editor of Talk Media and writer for Coral Springs Talk. CST was established in 2012 to provide information, views and entertainment to residents of Coral Springs and the rest of South Florida.