HomeMy WebLinkAboutExhibit A SUBTHIS DOCUMENT IS A SUBSTITUTION.
THE ORIGINAL CAN BE SEEN AT THE
END OF THE DOCUMENT.
Exhibit A
Miami For Everyone Rental Assistance Program
Program Description
Affordable housing is tied to AMI so rental
increases are capped. This is intended for the
middle class who do not have those
guardrails and aren't financially able to
absorb large rent increases. Priority shall be
given to seniors and families with children.
Funding
$5,250,251.19 Gift from CityCoin
AMI Requirements
80% or below of the City of Miami's AMI
Residency Requirements
City of Miami resident for at least three (3)
years at the time of application
Rent Increase
Rent in the current lease agreement has
increased 20% or more above the rent in
your immediately previous lease agreement
Maximum Assistance
Up to $1,000 per month for 6 months for
amounts above the 20% Rent Increase. To be
paid to the Landlord directly.
File No 11561 Exhibit A SUB
Substituted.
Exhibit A
Miami For Everyone Rental Assistance Program
Program Description
Affordable housing is tied to AMI sr. rental
increases are capped. This is int- ded for the
middle class who do not have . ose
guardrails and aren't financi., ly able to
absorb dramatic rent incr- ses.
Funding
$5,250,251.19 Gift f om CityCoin
AMI Requirements
Less than 10/ of the AMI
• Ho .ehold Size of 1: $63,313
• Household Size of 2: $72,313
• Household Size of 3: $81,375
• Household Size of 4: $90,350
Residency Requirements
City of Miami resident for at least three (3)
years at the time of application
Rent Increase
Rent in the current lease agreement has
increased 20% or more above the rent in
your immediately previous lease agreement
Maximum Assistance
Up to $1,000 per month for 6 months for
amounts above the 20% Rent Increase