Miami-Dade County Mayor Daniella Levine Cava said Sunday that not many people know there is a fund to help old condominiums that need repairs. It was created after the 2021 Surfside condominium collapse.
Levine Cava said the county fund aims to help Miami-Dade County property owners in old condominiums that require special assessments for vital repairs because of inadequate reserves.
Levine said her administration created a fund that pays up to $50,000 for 40 years - zero interest, for people earning up to 140% of the area median income.
"It's a middle-class program as well, and many hundreds of people have already benefited from that program," Levine Cava said. "We really want to encourage people to take advantage of that. We don't want to see them losing their homes. We want them to stay and we want to make sure these buildings are safe."
Related page: Condominium Special Assessment Program
