2025 Program Update

Hallandale Beach First-Time Homebuyer Program

Receive up to $50,000 in down payment and closing cost assistance with a 0% interest, forgivable loan.

See If You Qualify →

Minimum contribution: Only $2,000 required.

About the Hallandale Beach CRA Grant

The City of Hallandale Beach Community Redevelopment Agency (HBCRA) has launched this initiative to help residents achieve the dream of homeownership. This program is specifically designed for first-time buyers who may struggle with the upfront costs of purchasing a home.

Eligible applicants can receive up to $50,000 to cover down payments and closing costs. Unlike traditional loans, this assistance is structured as a 0% interest, forgivable loan. This means that for every year you reside in the home, a portion of the loan is forgiven, reaching 100% forgiveness after ten years.

This program targets the CRA district, revitalizing the community while making housing more affordable for working families.

Why Apply Now?

The City of Hallandale Beach Community Redevelopment Agency (HBCRA) makes homeownership achievable.

$

$50,000 Assistance

Get substantial funding to cover your down payment and closing costs, drastically reducing your upfront cash needs.

0%

Forgivable Loan

0% interest rate. If you live in the home for 10 years, the loan is fully forgiven—you pay back nothing.

Achievable Terms

Qualified buyers only need a minimum credit score of 640 and a personal contribution of just $2,000.

Simple Path to $50,000

We make accessing these funds as easy as possible.

1

Check Your Status

Use the secure form below to instantly see if you meet the basic criteria for the program.

2

Get Connected

Our specialists will review your results and help guide you through the grant application.

3

Buy Your Home

Use the funds for your down payment and closing costs to purchase your new home.

Check Eligibility Now →

Eligible Property Types

You have flexibility in choosing your dream home within the Hallandale Beach CRA District.

Single Family Homes

Traditional detached homes perfect for growing families.

Condominiums

Low-maintenance living in established communities.

Townhomes

The perfect balance of space and community amenities.

Maximize Your $50,000 Benefit

The Hallandale Beach First-Time Homebuyer Program offers incredible flexibility. You aren't restricted to just one type of cost. The funds can be strategically applied to where you need them most.

  • ✓ Down Payment: Increase your equity immediately and potentially remove PMI requirements.
  • ✓ Closing Costs: Cover title fees, origination charges, and pre-paids so you bring less cash to the table.
  • ✓ Principal Reduction: Lower your overall loan amount for smaller monthly mortgage payments.

Total Potential Savings

$50,000

0% Interest • Forgivable

Funds applied directly at closing

Who Is Eligible?

  • First-Time Buyer: Have not owned a home in the last 3 years.
  • Credit Score: Minimum 640.
  • Employment: Currently employed or retired.
  • Location: Purchase must be within the Hallandale Beach CRA district.

Income Limits (120% AMI)

Household Size Max Income
1 Person$88,725
2 Person$101,325
3 Person$114,075
4 Person$126,675
5 Person$136,800

*Based on Broward County AMI for 2024.

Why Buy in Hallandale Beach?

Hallandale Beach is one of the fastest-growing coastal communities in South Florida. By purchasing in the CRA District, you aren't just buying a home—you are investing in a community undergoing a vibrant revitalization. Enjoy proximity to beautiful beaches, world-class dining, and the excitement of Gulfstream Park, all while building generational wealth.

See If You Qualify for $50k

See If You Qualify Today

Complete the secure form below to check your eligibility status instantly. No obligations.

Your information is secure and will be used solely for eligibility determination.

Frequently Asked Questions

Do I have to repay the $50,000 assistance?

The assistance is provided as a 0% interest loan. However, it is forgivable! If you live in the home for ten years, the loan is fully forgiven and does not need to be repaid.

What is considered a "First-Time Homebuyer"?

A first-time homebuyer is defined as someone who has never owned a home OR has not owned a home in the last three years.

Can I use this for any home in Florida?

No. The program is specifically for homes located within the Community Redevelopment Agency (CRA) district of Hallandale Beach.