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In September 2020, the City of Boca Raton received $547,617 in Coronavirus Relief Funds (CRF) to assist residents experiencing financial hardship as a direct result of the COVID-19 pandemic. The funds were used to help eligible residents in need of rental and mortgage foreclosure assistance. As a stipulation of the CRF, the funds had to be expended by December 30, 2020.
The program was established by the City’s Community Improvement staff and included an online application system, a CRF telephone assistance line, and a community-wide marketing and outreach campaign. After reviewing 166 applications, 78 resident households were approved for CRF assistance; 62 received rental assistance and 16 received mortgage assistance. As of December 22, 2020, all City CRF funds were expended for direct assistance to residents.
Applications for both programs were accepted from October 1 through December 4, 2020.
The City of Boca Raton received $547,617 in Coronavirus Relief Funds (CRF) from the Florida Housing Finance Corporation (FHFC) to assist eligible City of Boca Raton homeowners and renters who experienced a financial hardship as a result of the COVID-19 pandemic.
The City approved Rental Assistance and Foreclosure Prevention Programs to assist residents with housing payments for the period beginning March 1 through December 2020. The maximum assistance was $15,000 per household.
To be eligible for assistance, applicants were required to reside within Boca Raton city limits and have a household income that did not exceed 120% of area median income (AMI) based on household size. Assistance was for households that experienced a financial hardship such as unemployment as a result of business closure, being laid off, furloughed or had current employment hours reduced due to COVID-19.