Miami · Business

City of Miami offers up to $130,000 for first-time homebuyers

The City of Miami's First-Time Homebuyer Program offers up to $130,000 in forgivable, interest-free assistance for eligible buyers.

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Photo: Illustrative: Alicia Christin Gerald / Unsplash

The City of Miami is promoting its First-Time Homebuyer Program, which helps eligible residents pay for a home inside city limits. The city says the program provides up to $130,000 in assistance through a no-interest loan that is forgiven over time.

The city’s social media post invites residents to learn how the program works, why homeownership can make a difference and whether they might qualify. Interested residents can visit miami.gov/FTHB, call 305-416-2080 or email FTHBapplication@miami.gov.

For Miami renters weighing a purchase, the program is one of the larger down-payment resources the city has advertised. The post did not list eligibility requirements, application deadlines or income limits, so applicants should check the city’s website for those details.

This story is a summary based on reporting by City of Miami (IG). Read the original for full details.

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