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Committee asks staff to craft condo assessment‑relief program options for financially vulnerable residents
Finance & Economic Resiliency Committee, City of Miami Beach · March 5, 2026
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Summary
Staff briefed commissioners on county and potential city options to assist condo owners facing large special assessments. The committee asked staff to recommend eligibility criteria and funding options (developer contributions, revolving loan fund, SHIP dollars) and return with a proposal.
Housing staff reviewed the county’s paused condo special‑assessment program and sketched how a city‑level program might work. The county program, staff said, would provide up to $50,000 per property at 0% interest for 40 years and is expected to…
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