Hallandale Beach Affordable Housing Program

Hallandale Beach Affordable Housing Program Apartment Details

The City of Hallandale Beach assists homebuyers with the cost of construction of a new single family home or the purchase of an existing home, condominium, or townhouse.
The City provides a lump sum of $25,000 or $50,000 that can be used to purchase a lot, construction cost and/or closing costs or to lower mortgage. Preference is given to Police, Fire Fighters, Teachers and City employees.
The assistance will become a second mortgage with no interest. No payments will be due as long as you live in the house.
Highland Park Village
You must apply and be approved by a financial institution (bank, credit union or mortgage broker) for the additional funds to pay for the cost of the new construction. The assistance will be disbursed upon the closing on the loan with the lender.
The City owns several vacant lots that may be purchased at the assessed value.

Requirements
You are employed or retired.
You have an acceptable credit score.
You obtain a first mortgage from a financial institution for the additional funds.
You are able to provide 3% of the mortgage amount as a down payment.

Important information
Waiting Lists
Most low income apartments have waiting lists. Some of these lists can take years until you can be called for openings. The key is to try to get on as many waiting lists as possible.

Call The Apartments Directly
We provide phone numbers and websites. Call the apartments directly if they have openings or open waiting lists.

Apartment Rates
We provide current apartment rates on many listing pages. Most HUD listings do not have published rates. They are based on 30% of the renters adjustable gross income. You will need to contact the apartments to determine if you qualify for income based rent.

Apartment Rental and informational statistics for zip code

Median apartment rental rate in this zip code	$1,247
Population in zip code	41,578
Median age of those living in this zip code	45
Average household income of those living in this zip code	$38,665
Average home value in this zip code	$204,326