Rental and Foreclosure Programs
Coronavirus Relief Fund (CRF) Program Rental Assistance and Foreclosure Prevention Programs
Latest Update: December 28, 2020
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.
Update: As of 5pm on Friday, December 4, 2020, applications are no longer being accepted.
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.