Local

Deadline Approaching For Tamarac Home Lottery

View Comments
Tamarac City Hall (Source: City of Tamarac)

Tamarac City Hall (Source: City of Tamarac)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Top Spots For Shopping In South Florida

FT LAUDERDALE (CBSMiami) – Time is running out for potential buyers who want to get in on the City of Tamarac’s home lottery.

The city used $800,000 in federal money to buy and extensively renovate five homes in the Mainland Ten community.

The homes, which have up to four bedrooms, are expected to sell anywhere from $100,000 to $160,000, according to the Sun-Sentinel.  The money from the sales will go toward buying and renovating more homes.

The deadline to file an application to take part in the lottery is 4 p.m., March 12th, at City Hall, Room 206.

Only individuals or families who meet income requirements can apply. An individual cannot earn more than $57,960 a year while a family of four must not earn more than $82,800.

The locations and costs of the homes will be revealed after a mandatory orientation meeting on March 12th at Tamarac Community Center at 8601 W. Commercial Blvd.   Applicants will then submit their information for a specific house by March 21, according to the paper. After the lottery drawing on March 24th, each winner will have five days to get a mortgage approval.

Tamarac is just one of a couple of Broward cities taking part in the federal government’s Neighborhood Stabilization Program meant to help neighborhoods which have a high rate of foreclosure. Cities receive federal money to help potential homeowners put down a down payment or buy the house outright.

Among the other communities also accepting housing-related applications under the same federal program are Deerfield Beach, Coral Springs and Hollywood.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,540 other followers