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Palm Beach County outlines lottery priority and six-month hold for homebuyer assistance
Summary
County staff told commissioners the proposed homeownership assistance program will screen applicants for income eligibility, prioritize applicants with contracts for first-come funding, and reserve up to $50,000 per buyer for approximately six months with up to two 90‑day extensions; remaining slots would be filled by lottery.
County staff and commissioners clarified how a proposed homeownership assistance program would select and hold funds for buyers, balancing priority for applicants ready to close with a lottery for the broader applicant pool.
During a detailed question-and-answer period, Commissioner Flores pressed staff on how the county would ensure applicants were “ready to buy” rather than holding a slot indefinitely. Staff said income eligibility will be the primary screening criterion and that the…
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