INCOME

    2026 INCOME LIMITS

(Effective Date HOME June 1, 2026; SHIP Effective Date April 01, 2026)

• Annual income cannot exceed the amounts determined by HUD. 
• Child support is included in the income calculation.
• Third-Party Verifications are required. For applicants with employers that participate in The Work Number, please call your employer's Human Resources Department for verification instructions.
• All household members' income must be included in the income determination.

ELIGIBLE PROPERTIES Purchase price limits are subject to change annually. New and existing units: single-family, villa, townhome, or condominium located within Lauderhill city limits.

2025 MAXIMUM HOUSING PURCHASE PRICE LIMITS

Housing values are subject to change by HUB and U.S. Treasury Department

SHIP housing value is from IRS Rev. Proclamation 2025-18.

*According to 420.40975 (5) (f), F.S.

Housing value cannot exceed the following for the Broward County Median Purchase Price:

• SHIP – 90% average area purchase price
• HOME – 95% average area purchase price
• Properties with unpermitted structures, unsatisfactory title searches, and multiple mortgages will be deemed ineligible.
• Applicants of the owner-occupied rehabilitation program must reside in the property and occupy it as the primary residence for at least one year from the date of application submittal.

All properties assisted by the City must be located within the city limits of the City of Lauderhill. The property shall not consist of more than one (1) residential unit. The property must serve as the homeowner’s primary residence. Examples of ineligible units include multi-unit dwellings, such as mobile homes, duplexes, triplexes, and quadruplexes. Examples of eligible units include single-family homes, townhomes, condominiums, and villas. Applicants must provide proof of homeowner insurance, as required by an Interlocal Agreement or funding source.

MINOR HOME REPAIR

Properties with unpermitted structures and unsatisfactory lien and/or title searches will be deemed ineligible. Applicant must cure the deficiencies before further consideration can be given. For City permit and lien matters, applicant must consult with the City’s Customer Service Division for corrective action(s). For title issues, the applicant must consult the named mortgagee listed on their title report for corrective action(s). Proof of correction must be submitted by the applicant, then placed in the applicant’s file.

ASSETS

The applicant’s household cannot own or have assets exceeding $45,000. Monetary gifts and real estate are included in the asset calculation.

• This includes assets located in foreign countries.
• Explanations of deposits are required for all deposits made for $100 and greater.

CONFLICT OF INTEREST

No assistance will be provided to City of Lauderhill employees. No assistance will be provided to immediate relatives of employees without the expressed written permission of the City Manager or the funding source if required.  Full disclosure on the part of the applicant will be required at the time of application through the use of the Conflict of Interest Disclosure Form. Failure to disclose said relationship will result in an immediate rejection of the loan or may require full repayment of the loan including interest accrued at the maximum interest rate allowed. Immediate relative for this purpose is defined as a spouse, parent, child, brother or sister of the applicant. All program participants will be required to sign a Conflict of Interest Disclosure by the provisions of 24 CFR §570.611 with respect to conflicts of interest.

Applicants with reverse mortgages will not be assisted. Applicants are required to be current on all City service, mortgage, property taxes, homeowner association fees, and property/flood insurance policies/payments. Applicants seeking funding with cash value assets that exceed $45,000 at the time of application are considered ineligible. Monetary gifts and real estate are included in the asset calculation. This includes assets located in foreign countries.

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