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Section 504 Home Repair Program – This program provides loans and grants to low-income and elderly homeowners, respectively, to help cover the cost of repairing or modernizing their single ...
Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20 ...
Miami-Dade’s four property taxes fund county operations, generating more than $2 billion a year. Combined, they total $929 for every $100,000 of a property’s taxable value.
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Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949.Borrowers may obtain loans for purchasing or repairing new or existing single-family housing.
Map of the municipalities (colored) and census-designated places (gray) of Miami-Dade County. Communities in Miami-Dade County , all located in the county's eastern half, include 34 municipalities (19 cities, 6 towns and 9 villages), 37 census-designated places , and several unincorporated communities.
A typical homeowner’s annual tax bill for schools would be $240, up from $168, based on a Miami-Dade home assessed at $265,682 (the assessed value of your primary residence is what you pay taxes ...
There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien.