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County seeks $5 million to launch homebuyer match pilot targeting 80–140% AMI
Summary
County staff proposed a $5 million Homebuyer Match pilot from the Workforce Housing Trust Fund to provide up to $50,000 in forgivable second-mortgage assistance to eligible buyers (80–140% AMI); staff asked the board to weigh lottery vs first-come rules and a two-year prior homeownership restriction.
Palm Beach County staff presented a proposed Homebuyer Match pilot program and asked the board to approve a $5 million allocation from the Workforce Housing Trust Fund to support down-payment and closing-cost assistance for eligible buyers.
Jonathan Brown of the Department of Housing and Economic Development described policy elements: the program would provide a cash match up to $50,000 per buyer for down payment, closing…
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