Miami-Dade Offering Condo Owners Assistance If Hit With Repair Assessments

By Nicole Lauren, CBS Miami

March 3, 2023

Miami-Dade Mayor Daniella Levine Cava will be present at a town hall in Aventura on Wednesday to discuss a new program the county is rolling out regarding condo owners facing special assessments for structural repairs.

Going forward the county will have a zero percent interest 40-year loan for qualifying condo owners facing special assessments for structural repairs.

The county knows the financial burden homeowners have faced because of these special assessments. Many times, like the case in the 5050 NW 7th Street building, homeowners have had to pay assessment fees and mortgage payments on top of new housing costs because they were forced out. The owners were out their homes for more than a year after the building was deemed unsafe and repairs were made.

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