MIAMI - Miami-Dade
Mayor Daniella Levine Cava will be present at a town hall in
Aventura on Wednesday to discuss a new program the county is
rolling out regarding condo owners facing special
assessments for structural repairs.
Going forward the
county will have a zero percent interest 40-year loan for
qualifying condo owners facing special assessments for
The county knows the financial burden homeowners have faced
because of these special assessments. Many times, like the
case in the 5050 NW 7th Street building, homeowners have had
to pay assessment fees and mortgage payments on top of new
housing costs because they were forced out. The owners were
out their homes for more than a year after the building was
deemed unsafe and repairs were made.
Homeowner Mayra Gutierrez, who lives in the 5050 building,
told CBS4, "Luckily my unit is paid for but I was still
paying the monthly maintenance fee and, so far, two
assessment fees and paying rent at the other place. So, it's
homeowners will qualify. The program includes anyone making
up to 140% of the median income for Miami-Dade County. That
is $95,620 for a single person household, $109,200 for a two
person household, and $136,500 for a family of four.