State Housing Initiative Partnership Program (SHIP) funds will be used to provide assistance to owner-occupied households that are at or below the very low income (VLI) level (50%) of area’s median income to make emergency repairs. The maximum award is set at $10,000.

Applications will be accepted as they are received.  Prior to any processing of the application, the emergency conditions must be verified by HANDS staff.  Following verification, the application, certification and required work will proceed as expeditiously as practicable to resolve the emergency. 

Emergency repairs will be limited to the minimum necessary to resolve the immediate threat to the homeowner.  An emergency repair is the minimum necessary to correct a verified safety or health hazard.  This is not a rehabilitation strategy; it is limited to making emergency repairs.  Specific decisions on necessary repairs shall be determined by the HANDS staff and will be final.

Please call the HANDS Office at 321-952-3429 for assistance.

Notice of Funding Availability

NOTICE OF FUNDING AVAILABILITY

CITY OF PALM BAY

2009/2010

STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM (SHIP) FUNDING

FLORIDA HOMEBUYER OPPORTUNITY PROGRAM (FHOP)

**FHOP UPDATE**

(November 9, 2009)

The federal First Time Homebuyer Tax Credit (FTHBTC) program has been officially extended as of November 6, 2009. This extension allows for homebuyers that have an executed contract on a home on or before to April 30, 2010 which is closed on or by June 30, 2010 to apply for the tax credit.

This affects the Florida Homebuyer Opportunity Program (FLHOP) administered through HANDS  Division for the fiscal year 2009-2010 due to the Legislative language for FLHOP providing that if the FTHBTC is extended, then FHLOP is automatically extended.

All FY 2009-2010 funds are required to be expended under the FLHOP strategy in the LHAP (excluding program income) through June 30, 2010.

In the extension of the FTHBTC, provisions were added to allow for a tax credit of up to $6,500 for non first time homebuyers and for higher income limits. These provisions do not apply to FHLOP due to the Legislative language restricting FLHOP funds to first time homebuyers and to the established income limits of $75,000 for a single tax filer and $150,000 for a joint tax filers

Applications are being accepted at the Housing and Neighborhood Development office located at 5240 Babcock Street Suite 212 Palm Bay, Florida 32905 More Info

Housing Rehabilitation, Utility Hook-up and Rental Assistance
Programs

The City regrets to inform you that all available funds for this fiscal year have been committed. The City has been notified through the Florida Housing Finance Corporation that no funding will be available next fiscal year. The earliest new funding might be available around July 1, 2010.