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NMCRA approves $100,000 first-time home buyer guidelines, raises AMI cap to 140%
Summary
The North Miami CRA approved guidelines for a first-time home buyer program funded at $100,000 that provides up to $10,000 per home in down-payment assistance, with an amendment to expand eligibility up to 140% of area median income; board voted 5'00.
The North Miami Community Redevelopment Agency approved guidelines for a first-time home buyer program funded with $100,000 in the FY25-26 NMCRA budget, authorizing up to $10,000 in down-payment assistance per home. The board amended the guidelines during debate to raise the program's income eligibility cap from 120% of area median income (AMI) to up to…
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