Program officials, using the HUD data, will take it from there, he said. Galetta says homeowners will have to provide their household size and adjusted gross income from Line 22 of their Form 1040 IRS tax statement. With so many figures to check, low- and moderate-income homeowners will likely need help determining whether they qualify to apply during the first 60 days after the program resumes taking applications. The figure is below $60,000 in 11 rural counties. For counties in the Orlando-Kissimmee-Sanford Metropolitan Statistical Area, it’s $85,700. It’s $74,700 in Miami-Dade County and $98,300 in Palm Beach County. ![]() The state’s four-person median income is $85,500. But HUD’s figure, which again uses other cost-adjustment factors for federal program eligibility, sets the limit at $115,200.Īlso, qualifying household incomes will vary from county to county. In Broward County, a family of four would not be allowed to make more than $106,200 if the $88,500 median is multiplied by 120%. The bills that would authorize this year’s funding defines “moderate income” households as earning 120% of the median adjusted gross income of the state, metropolitan area or county, whichever is higher. If the My Safe Florida Home program uses the latter figure, that would mean more households would qualify. It is $76,800, because the calculation includes other cost-adjustment factors. But its low-income limit for a four-member household is not 80% of $88,500, which would be $70,800. For example, HUD determined that a four-member household’s median income in the 2023 budget year is $88,500 in both Broward County and the Fort Lauderdale metro area. Low or moderate income? It’s complicated.ĭevin Galetta, spokesperson for the Florida Department of Financial Services, said the program plans to use a database developed by the federal Department of Housing and Urban Development for rental assistance and other programs to confirm whether households are low- or median-income.īut that database does not rely upon straightforward calculations. ![]() Moderate-income households qualify if they earn up to 120% of the median income level where the house is located. Unlike moderate- and higher-income applicants, who must spend $1 for every $2 they get from the state (up to $10,000), low-income applicants will not have to provide any matching dollars.īut figuring out who qualifies under the low- and moderate-income definitions used by the program could be confusing.Īs explained in the legislative bills, low-income households refer to those that earn 80% of the median income level for the state, metropolitan statistical area or county - whichever is higher - where the house is located. ![]() Except for low-income applicants, the insured value of the home cannot exceed $700,000. After 60 days, from all owners of qualifying homes.Ī qualifying home is defined as a homesteaded property with a building permit for initial construction made before Jan.From all moderate-income owners of qualifying homes for the next 15 days.From moderate-income owners of qualifying homes who are at least 60 for the next 15 days.From all low-income owners of qualifying homes for the next 15 days.From low-income owners of qualifying homes who are at least 60 years old for the first 15 days.The $100 million budget is enough for 10,000 applicants to be approved for the maximum $10,000 grant.Īccording to the bills, the program would accept applications: “So many people live paycheck to paycheck and if they don’t have the resources to repair their homes, they can end up homeless, which would cause grave hardship.” ![]() “This would also help ensure that in the event of the more and more destructive storms, their fortified home should end up less damaged,” said Barbara Zaretsky, a Sunrise resident who sought information about the program last year. That’s OK with Florida residents who say low- and moderate-income residents need help the most.
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