Congresswoman Cherfilus-McCormick Funds Tamarac’s First-Time Homebuyer Program

TAMARAC –  Congresswoman Sheila Cherfilus-McCormick (D-FL) joined the Metropolis of Tamarac to announce $350,000 in vital Neighborhood Undertaking Funding that the town has acquired for the First-Time Homebuyer Buy Help Program.

Tamarac First-Time Homebuyer program

“South Florida is on the frontlines of our nation’s housing disaster. We can’t sit by as a complete era of Individuals are denied the American Dream,” mentioned Congresswoman Cherfilus-McCormick. “I used to be proud to ship this vital funding, which can assist extra Floridians discover an reasonably priced place to dwell and never have to fret about placing a roof over their heads. With its present funds, Tamarac was solely capable of help 5 to seven households per 12 months. Due to this funding, Tamarac can now help triple the variety of households.”

Supporting Homeownership in Tamarac

“The Tamarac group could be very grateful to Congresswoman Cherfilus-McCormick for supporting homeownership and being a champion for reasonably priced housing,” mentioned Carolyn Francis-Royer, Tamarac Housing & Neighborhood Improvement Supervisor. “With out these funds, many households won’t expertise the enjoyment of homeownership. This funding will definitely strengthen our buy help program, permitting us to assist extra households notice their American Dream.”

Tamarac First-Time Homebuyer In Florida’s twentieth Congressional District, 63.1% of households spend greater than 30% of their revenue on hire — in comparison with 47.3% nationally. In Broward County, single-family dwelling median costs lately jumped 11 p.c to $600,000.

Tamarac’s First-Time Homebuyer Buy Help Program aids certified people with buying their first dwelling in Tamarac. Funds are used to help with down cost and shutting prices. With present program funding, the Metropolis of Tamarac was solely capable of help 5 to seven households per 12 months. With this extra funding, this system can now help triple the variety of households.

The funding for the Metropolis of Tamarac was included in Congresswoman Cherfilus-McCormick’s request for Neighborhood Undertaking Funding (CPF) in Fiscal Yr (FY) 2023. The request delivered over $14 million in vital sources to supply housing, financial alternative, and healthcare to those that want it most.

For extra details about Congresswoman Cherfilus-McCormick’s FY23 CPF requests, please click on right here.