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 (i.e., Approved Miami-Dade Economic Advocacy Trust HAP Mortgage Lenders, Mortgage Brokers, Realtors, Housing Providers and Closing Agents)
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 |
files, you can download 
