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    Homeownership Assistance Program (HAP)

    The Miami-Dade Economic Advocacy Trust HAP is designed to address the need of low/moderate income families in Miami-Dade County by providing down payment and closing costs assistance to purchase their first home. It serves as a primary channel through which financial assistance flows to assist in purchasing a home.

    The zero interest deferred loan program provides funding for first-time homebuyers towards down payment and/or closing costs. This helps reduce the up front costs of purchasing a home -- making it easier for prospective homeowners to qualify for a mortgage. Homebuyers can not directly apply to Miami-Dade Economic Advocacy Trust for HAP funds. Application files must be submitted to Miami-Dade Economic Advocacy Trust HAP by an approved lender or mortgage broker.

    The Miami-Dade Economic Advocacy Trust HAP utilizes documentary surtax dollars to provide funds in the form of a 0 percent-interest, non-amortized (no payment), mortgage. The HAP loan is forgiven if the borrower owns and occupies the property for 10 years without doing a cash-out refinance.

    The Miami-Dade Economic Advocacy Trust HAP works in partnership with real estate professionals, financial institutions, mortgage lenders & brokers, housing counseling agencies, community-based organizations and several other Miami-Dade County, local cities and some state assistance programs that actively pursue and assist the low to moderate-income market.

    How to Qualify

    Download the following in PDF format for more information:

    How to Apply

    Below is a of Miami-Dade Economic Advocacy Trust-approved Realtors, Closing Agent/Title Companies and Title Attorneys prospective homebuyers can select from during the homebuying process::

    Miami-Dade Economic Advocacy Trust HAP Partners

    Please download and review the above lists to verify your certification status and that your contact information is correct and up-to-date.  You would have to have attended a Miami-Dade Economic Advocacy Trust HAP Partners Certification Workshop since 2008, completed and submitted appropriate documents to the Miami-Dade Economic Advocacy Trust office (attn: Program Administrator). Please contact the Program Administrator if there are any corrections, deletions, omissions or needed updates.

    Public-Private Partnerships

    The successful public-private partnership between Miami-Dade Economic Advocacy Trust and SFBR is emulated in the growing number of participating housing professionals.  One of the major reasons for such a high participation rate is the incorporation of a fiscally sound fast-track system in qualifying and approving homebuyers for deferred loans.

    Homeownership Education

    Understanding consumer guidance and education are vital links to helping ensure responsible maintenance of a mortgage and avoiding pitfalls detrimental to home retention, MMAP Trust also partners with non-profit organizations and Community Development Corporations. Recipients of MMAP funds are required to attend first time home buyer seminar. These alliances help to provide a comprehensive housing education program for participating MMAP HAP homebuyers

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