Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County weighs $5 million homebuyer match pilot to help first-time buyers
Summary
Housing staff proposed a $5 million home-buyer match pilot to provide forgivable second mortgages (up to $50,000) for eligible buyers earning 80–140% of area median income; the board discussed selection method (first-come-first-served vs. lottery) and a proposed two‑year prior-homeownership exclusion.
Palm Beach County staff presented a proposed $5 million home buyer match pilot on Jan. 6 intended to expand homeownership among households earning roughly 80 percent to 140 percent of area median income.
Jonathan Brown, Department of Housing and Economic Development, told commissioners the program would provide a forgivable 15‑year second mortgage for down payment assistance, closing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
