TAMARAC – Congresswoman Sheila Cherfilus-McCormick (D-FL) joined the Metropolis of Tamarac to announce $350,000 in vital Group Venture Funding that the town has acquired for the First-Time Homebuyer Purchase Assistance Program.
“South Florida is on the frontlines of our nation’s housing disaster. We can not sit by as a complete technology of People are denied the American Dream,” mentioned Congresswoman Cherfilus-McCormick. “I used to be proud to ship this vital funding, which can assist extra Floridians discover an reasonably priced place to dwell and never have to fret about placing a roof over their heads. With its current funds, Tamarac was solely in a position to help 5 to seven households per yr. Due to this funding, Tamarac can now assist triple the variety of households.”
Supporting Homeownership in Tamarac
“The Tamarac neighborhood could be very grateful to Congresswoman Cherfilus-McCormick for supporting homeownership and being a champion for reasonably priced housing,” mentioned Carolyn Francis-Royer, Tamarac Housing & Group Growth Supervisor. “With out these funds, many households won’t expertise the enjoyment of homeownership. This funding will definitely strengthen our buy help program, permitting us to assist extra households notice their American Dream.”
In Florida’s twentieth Congressional District, 63.1% of households spend greater than 30% of their revenue on hire — in comparison with 47.3% nationally. In Broward County, single-family home median prices not too long ago jumped 11 p.c to $600,000.
Tamarac’s First-Time Homebuyer Buy Help Program aids certified people with purchasing their first home in Tamarac. Funds are used to help with down fee and shutting prices. With current program funding, the Metropolis of Tamarac was solely in a position to help 5 to seven households per yr. With this extra funding, this system can now assist triple the variety of households.
The funding for the Metropolis of Tamarac was included in Congresswoman Cherfilus-McCormick’s request for Group Venture Funding (CPF) in Fiscal 12 months (FY) 2023. The request delivered over $14 million in vital sources to offer housing, financial alternative, and healthcare to those that want it most.
For extra details about Congresswoman Cherfilus-McCormick’s FY23 CPF requests, please click on here.
