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Home Business News and Economic Updates in Sebastian, Florida

City of Sebastian offering COVID-19 temporary mortgage and rental assistance

Andy Hodges by Andy Hodges
Oct 19, 2020 / 7:48 PM
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City of Sebastian

City of Sebastian

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The City of Sebastian is offering a grant program on a first completed, first-served basis to provide temporary mortgage or rental assistance to eligible applicants whose household has been economically affected by the COVID-19 Pandemic.

The assistance is limited to the actual missed or currently due mortgage or rent payments due after April 1, 2020, and may not exceed $1,500.00 per month (may include late fees and charges, security deposits, and required tax and insurance escrow deposits).

Payments may be for one to three months, but the total may not exceed $4,500.00. Grants shall only be paid directly to the mortgage holder or to the landlord. The amount of total grants is subject to the availability of funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

For more information on eligibility requirements, visit the city’s website.

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