CORAL SPRINGS, FL – More money is coming to help Coral Springs residents pay for housing-related and other expenses resulting from the coronavirus financial crisis.
Coral Springs approved this week plans to spend $502,500 to provide rental assistance, mortgage assistance, rehabilitation, and counseling for income-eligible residents who have been hit hard by COVID-19.
The money will come out of the city’s portion of the federal CARES ACT which established $150 billion for coronavirus relief.
City Commissioner Joshua Simmons encouraged using the money primarily to help residents with rental and mortgage assistance.
No details are available yet on what the qualifications are for residents to apply for funds.
City officials said the money needs to be spent by the end of December.
Coral Springs has various home assistance programs paid through state and federal funds.
Last week, the city announced that 26 families received up to three months of rental assistance through one of those programs that relies on State Housing Initiative Partnership (SHIP) funds.
The SHIP program is open to residents based on their income and other qualifications.
Broward County Minority Builders Coalition Inc. will be administering the new funding.
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