Update: October 19, 2020

The City of Boca Raton has received an additional $230,285 in Phase 2 Coronavirus Relief Funds (CRF) from Florida Housing Finance Corporation (FHFC).  When combined with the $317, 322 in Phase 1 funds previously received from FHFC, the City has received a total of $547,617 in CRF funds to assist eligible City of Boca Raton homeowners and renters who have experienced a financial hardship as a result of the COVID-19 pandemic.

The maximum assistance under the guidelines established when we received the Phase I funds was $5,800 per household for the Rental Assistance and Mortgage Foreclosure Prevention Assistance programs.  With the receipt of the Phase 2 funds, the maximum assistance for both programs has been increased from $5,800 to $10,000 per household.

All other program conditions and applicant requirements remain the same: 

• all CRF funds must be fully expended by December 30, 2020;
• applications are only accepted via the online application on our website through November 30, 2020, pending the availability of funding;
• and applicants will be served on a first come, first qualified, first served basis.

Remember, applicants can receive assistance for affected months not covered by other agencies’ assistance programs.

For information regarding program requirements or guidelines, please call 561-544-8667 (or 561-393-7043 for the hearing impaired) from 8am to 5pm, Monday through Friday.

Coronavirus Relief Fund (CRF) Program Rental Assistance and Foreclosure Prevention Programs

Applications for both programs are now being accepted through November 30, 2020, pending funding availability. For pre-application / application instructions and for the application, please scroll down.

The City of Boca Raton is projected to receive $317,322 in Coronavirus Relief Funds from the Florida Housing Corporation (FHFC). (The City of Boca Raton has received an additional $230,285 in Phase 2 Coronavirus Relief Funds from FCFC bringing the total to $547,617 in CRF funds to assist eligible City of Boca Raton homeowners and renters who have experienced a financial hardship as a result of the COVID-19 pandemic.)

The City has approved Rental Assistance and Foreclosure Prevention Programs that can provide assistance to tenants that are delinquent on their rent payments or homeowners that are more than 30 days delinquent on their mortgage payments and association payments (if applicable), as well as any late fees for the period beginning March 1, 2020 through November 30, 2020. The maximum assistance is $5,800 per household. (New maximum assistance per household is $10,000.)

To be eligible for assistance, applicants must reside within Boca Raton city limits and have a household income that does not exceed 120% of area median income (AMI) based on household size. Assistance may be provided for households that have experienced a financial hardship such as unemployment as a result of business closure, being laid off, furloughed or having current employment hours reduced due to COVID-19.

View the:

• Boca Raton CRF NOFA Notice (PDF)

Rental Assistance

• The tenant must have a signed written lease effective at the time of application;
• All pages of current signed written lease;
• The tenant must be at least 30 days delinquent with their rent; and
• Households cannot have liquid assets that exceed $25,000.

Foreclosure Prevention for Homeowners

• The homeowner's mortgage(s) must have been issued by an FDIC-insured lender. Private mortgages, balloon payments and home equity lines of credit (HELOCs) are not eligible;
• The homeowner must have been current with their mortgage(s) prior to March 1, 2020;
• The homeowner must be at least 30 days delinquent with their mortgage(s);
• Households cannot have liquid assets that exceed $25,000;
• The assessed value of the property cannot exceed $350,000, based on the Palm Beach County Property Appraiser's most recent valuation; and
• Homeowners may request assistance with delinquent association dues in addition to mortgage payment assistance, if applicable. Assistance will not be provided for association dues only.

The City is now accepting online applications for both programs for October 1, 2020 through November 30, 2020, pending funding availability. Eligible applicants will be served on a first-come, first-qualified, first-served basis, and may be placed on a wait list pending availability of funding. Current income limits are provided in the chart below.

Florida Housing Finance Corporation Household Income Limits (as of 4/1/2020)

For information regarding program requirements or guidelines, please call 561-544-8667 (or 561-393-7043 for the hearing impaired) Monday through Friday between 8am and 5pm. Please leave a message that includes your name and a daytime phone number so that a CRF team member can call you back.