The State Housing Initiative Partnership (SHIP) Program is a Martin County sponsored program to provide loans to very-low, low, and moderate income persons to assist them in obtaining a home or rehabilitating their existing home. Under the SHIP program, qualified Martin County homeowners can request income-related housing rehabilitation assistance. Learn More
Down payment assistance / closing cost assistance: Martin County has available funding for down payment assistance. This funding is intended to make purchasing a home more affordable by providing down payment and/or closing cost assistance.
Martin County provides up to a 20-year amortized mortgage with 0% interest. The county presently provides up to $50,000 in assistance. Borrowers must be first-time homebuyers who have not owned a principal residence during the past three years and must occupy the purchased home as their principal residence.
Household income may not exceed the following limits within Martin County:
The single-family home may be attached or detached, a condominium, a townhouse, or a townhome. Homes must be located within the unincorporated areas of the county. The total purchase price of a home cannot exceed $301,000.00.
The Community Development Block Grant (CDBG) Program provides grants to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low and moderate income (LMI) persons. The strategies for these grants are as follows:
Infrastructure in LMI neighborhoods at least 51% must be LMI.
- Eligible activities: water, sewer, roads, storm drains, neighborhood centers, parks, sidewalks.
Rehabilitation/repair in LMI households.
- Eligible activities: code, safety and hardening.
CRA improvements in LMI CRA-wide at least 51% in the CRA.
- Eligible activities: sidewalks, parking, lighting, building code, sewer, water, flood and drainage.
Infrastructure needed for business expansion or new business – job creation is required.
- Eligible activities: water, sewer, rail, traffic, roads, gas, fiber.