City of Hollywood First Time Home Buyer Program 
Hollywood Housing and Community Redevelopment
www.hollywoodfl.org/housing

Contact

Neighborhood Housing Services of South Florida

Florida 
954 622-4182 

City of Hollywood Department of Housing and Community Redevelopment P.O. Box 229045 
Hollywood Florida 33020-9045 
(954) 921-3271 

Program Overview

City of Hollywood First Time Home Buyer Program is a program that provides no-interest, deferred payment loans for closing costs and down payments. Property must be located in the city of Hollywood. 

The application fee is $ 12.

Who is eligible for this Test program?

Borrowers must not have owned a home in the preceding three years. Applicants must meet income guidelines. Funds may be used for closing costs, down payment, or the purchase of a lot for new construction. 

Maximum % of Sales Price: 3% 
Household Income Limit: $ 119280 
Is thisTest program for first time buyers only? No 

Property Eligibility Requirements

Property must be located in the city of Hollywood. 
The sales price cannot exceed $ 292150. 
Allowable property types: Single-family homes, town homes, condominiums, owned occupied duplexes permitting fee simple ownership, or multi-family properties with a maximum of four units with one owner-occupied unit.

Benefit Details

No-interest second mortgage to pay closing costs or down payment,. No repayment is required unless the borrower sells or refinances the property. A deed restriction regarding repayment is placed on the deed at closing. Maximum loan is $40,000. 

Benefit:No-interest deferred payment second mortgage to pay closing costs or down payment.Loan Term:40 years Homebuyer Counseling /
Education Required:Yes Owner Occupancy Required:Yes Other Program Comments:Applicants are placed in a buyer pool that allows them to apply to purchase a City-owned property, or to wait for subsidy funding to purchase anywhere in the city.