Are seeking affordable rental properties located in Bay County, Florida.To qualify, household income must not exceed 50% AMI (refer to income limit table below).įinancing is distributed as a one-time grant to applicants that:.Rent subsidy payments for applicants who are homeless.To qualify, household income must not exceed 80% AMI (refer to income limit table below).Eviction prevention payments for applicants that are no more than six (6) months past-due on rent payments, including late fees.To qualify, household income must not exceed 120% AMI (refer to income limit table below).ReHouse Bay will pay the landlord and utility company directly. Rental, security, and utility deposits payments on a newly leased rental property.There are three forms of rental assistance made available to income-eligible applicants: ReHouse Bay can provide short-term rental assistance to eligible applicants in Bay County. Homeless Prevention and Rental Assistance (NO FUNDING AVAILABLE) If you are a current or future resident of Panama City seeking Purchase Assistance, please visit the City of Panama City Community Development webpage or contact them via phone at (850) 872-7230. To register for an upcoming homebuyer education course, applicants may contact Melanie Taylor with the UF/IFAS Bay County extension at (850) 784-6105. It is highly recommended that applicants do not enter into a sales contract until they have been approved for assistance by ReHouse Bay. The current estimated waiting period to receive assistance is 4-6 weeks. Prepare and gather all required documentation identified on the Purchase Assistance Program Documentation Checklist.Įligible properties must be in one of the areas listed below with a maximum sales price of $349,525.80.Not exceed income limits for their household size (see income limit table below).Not have purchased or owned a home within the last 3 years.Disclaimer: ReHouse Bay and Bay County are not responsible for the borrower’s selection of lender and/or Homebuyer Education class, financing terms, actions or decisions made by lenders or counseling agencies.Be pre-approved for a first mortgage loan before submitting an application.Complete a first-time homebuyer course offered by a Certified HUD-Approved Counseling Agency before closing on a home.To participate in the First-Time Homebuyer’s Program, eligible applicants must: Are an eligible property type including single family, townhouse, condominium, one side of a duplex that will be owner-occupied, or mobile home built after July 1994.Do not exceed a sale price of $349,525.80 and.Are located in Bay County, Florida (see below for a list of eligible areas).ReHouse Bay financing is distributed as a second mortgage on purchased homes that: In addition to funding, program participants will also receive first-time homebuyer counseling. ReHouse Bay provides up to $50,000 to eligible individuals and families to lower up-front costs (like down payment and closing costs) and keep mortgage payments affordable. The First-Time Homebuyers Program helps current and future Bay County residents purchase affordable homes. Provide documentation of any funding or benefits received from FEMA, the Small Business Administration (SBA), Insurance, or other social assistance (verified during the program qualification process) andįor questions pertaining to the Housing Repair and Recovery Program, or for assistance with completing an application, please contact Rebuild Bay County at (850) 215-8702 or (850) 215-8705.Not exceed income limits for their household size, (see income limit table below).Demonstrate that they own the property (verified through a title search).Confirm that this home is their primary residence.Offer additional assistance for repairs already funded by some other source, like FEMA or SBA.Reimburse for repairs that have already occurred or.ReHouse Bay financing is distributed as a second mortgage on repaired or reconstructed homes that are: After an applicant qualifies for the program, ReHouse Bay will complete a home inspection to confirm damages, develop a construction plan, and partner with contractors and builders to repair the home. ReHouse Bay can provide funding to repair or – for homes with substantial damage – demolish and reconstruct eligible homes.
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