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Staff previews updated SHIP/LHAP plan: purchase price cap raised to $450,000; asset cap tiered

2890866 · April 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City of Tamarac community development staff previewed updates to the Local Housing Assistance Plan (LHAP) funded through SHIP, including raising the maximum purchase price to $450,000 and moving to a tiered asset cap with partial applicant contribution.

City of Tamarac community development staff previewed updates to the Local Housing Assistance Plan (LHAP) funded through the State Housing Initiatives Partnership (SHIP) program, including changes to eligibility limits and program design intended to reflect current market conditions.

Mohammad Sur, assistant director of community development, said the prior LHAP (adopted 2022, amended 2023) expires in June 2025 and that…

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