CITY OF MIAMI
STRATEGIC PLANNING
& PERFORMANCE
DASHBOARD
 |
CITY OFMIAMIFLORIDA |
QUALITY OF LIFE
RESILIENCE
PATHWAY TO PROSPERERITY
3.1 Maintain and grow a diverse and inclusive economy
3.3 Foster and promote job training and education
3.4 Position all for success by providing access to critical services
3.5 Increase and enhance housing options
Households assisted under the Down Payment Assistance Program (number)
| 2026 FYTD |
| 8 |
This performance measure is associated to the First Time Home Buyer Program. Buyer Eligibility Requirements: Must not have owned a home in the past 3 years; Household income less than or equal to 80% of the area median income adjusted for family size. Must be able to afford a monthly payment based on income and debt. Must contribute at least $500 of personal funds towards down payment and closing costs. Property Eligibility Requirements: Single Family Residences; townhomes, condominiums. Property must be located in the City of Miami; The folio number will begin with "01". Property must meet Housing Quality Standards as per HUD.
This measure tracks the total number of eligible households assisted through the First Time Home Buyer Program to evaluate the department’s effectiveness in expanding homeownership opportunities for low- to moderate-income residents. Monitoring this measure supports compliance with HUD regulations, ensures proper allocation of federal funding, and aligns with strategic objectives related to housing stability and community development. During the month of February, no households were assisted through the First Time Home Buyer Program. The program provides down payment and closing cost assistance to eligible first-time homebuyers meeting HUD and City of Miami eligibility requirements, including income at or below 80% of Area Median Income (AMI) and property eligibility standards within City limits.
Managed and monitored by the Department of Housing and Community Development.