News Flash

Home

Posted on: October 23, 2020

Broward County CARES Act Assistance Programs

Mortgage Assistance for residents impacted by COVID-19

Homeowners affected by COVID-19 may apply for up to 10 months assistance to pay delinquent mortgage payments, association dues and / or utility bills. Eligible homeowners must have a current homestead exemption on homesteaded residences in eligible Broward County cities, with household income at or below 140% of the Area Median Income, and have been impacted by COVID-19.

Due to State expenditure deadlines, complete applications must be received no later than Tuesday, December 11, 2020. Assistance is on a first come, first qualified, first served basis, until available funds are expended.

The application, eligibility guidelines and application instructions are located on the Broward County Housing Finance and Community Redevelopment webpage.

CARES Act Grant Update

The CARES Act Small Business and Non-Profit Grant Application deadline has been extended until December 2nd.

Additionally, changes have been made to the eligibility criteria to help more businesses. Changes include:

  • Business Revenue increase from $1.5M to $2M
  • Prior funding from PPP, EIDL, and FL State Bridge Loan increased from $15K to $100K

Important Note: If you previously applied and were deemed ineligible, but you are now eligible due to the eligibility criteria changes, you can reapply. A new Access Broward Account using a new email address will be required.

Additionally, the County is offering free technical assistance to applicants which can be scheduled through their website.

Applicants are encouraged to review the application process, and what to do before they apply.

Visit Broward County's CARES Act Assistance Programs webpage for eligibility and application requirements, or call 954-357-6400

CARES Act Small Business and Non-Profit Grant Program Information

The Board of County Commissioners allocated $35 million from the County's federal CARES Act funds to support this grant program; $25 million for small businesses and $10 million for non-profits.

The program will award grants in the amounts of $5,000, $10,000, and $15,000. The grants can only be used for costs incurred due to the COVID-19 pandemic.

Broward County's Small Business CARES GRANT Program

The purpose of Broward County's Small Business CARES GRANT program is to aid small businesses that employ 20 employees or less via a working capital grant in support of their general operations. Grants to small businesses under the program will be used to reimburse the cost of business interruption related expenditures caused by COVID-19's required closures and / or operating restrictions.

Broward County's Non-Profit CARES GRANT Program

The purpose of Broward County's non-profit CARES GRANT program is to aid non-profits that employ 25 employees or less via a working capital grant in support of their general operations. Grants to non-profits under the program will be used to reimburse the cost of business interruption related expenditures caused by COVID-19 required closures and / or operating restrictions.

South Florida Regional Planning Council Small Business Loans

The South Florida Regional Planning Council currently has two programs to assist small businesses through their Revolving Loan Program.

Revolving Load Fund CARES Act Program

The South Florida Regional Planning Council (SFRPC) has secured funds from the U.S. Department of Commerce Economic Development Administration to capitalize a small business revolving load fund for businesses adversely impacted by COVID-19. These funds, provided pursuant to the March 2020 Coronavirus Aid Relief and Economic Security Act (CARES Act), will be administered by the SFRPC through its Revolving Loan Fund CARES Act program.

For more information, such as how to apply, view the Revolving Loan Fund CARES Act Program Flyer (PDF).

Traditional Revolving Loan Fund Program

Access to capital can be a challenge for many of the region's small businesses. To address this need, the SRFPC Revolving Loan Fund (RLF) professionals work with the U.S. Department of Commerce's Economic Development Administration to provide low-interest loans to small-size and medium-size businesses in Broward County.

For more information, such as how to apply, view the Revolving Load Fund Informational Flyer (PDF).

Facebook Twitter Email

Other News in Home

Hybrid Meeting Instructions

Posted on: July 1, 2020

Lighthouse Point Yacht Club

Posted on: June 9, 2020
Lighthouse Point is Open for Business, shop local, eat local, support local

Support Your Local Businesses

Posted on: June 18, 2020