Wednesday, September 27, 2023

Condo owners facing special assessments can apply for assistance

Miami-Dade County is now providing funding assistance to help condominium owners pay for special assessments that can arise from building recertifications. Qualifying owners making less than 140% of the area median income (AMI) can get up to $50,000 in assistance to pay for these assessments. Individuals earning less than $95,620; couples making less than $109,200; three-person households earning less than $122,920; and households of four making less than $136,500 may be eligible.

The Condominium Special Assessment Program is designed to assist condominium owners in addressing and paying for special assessment requirements that arise from rehabilitation and repairs due to applicable building integrity recertification requirements. 

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