North Miami offering $1 million for renters and $600K for businesses
North Miami offering $1 million for renters and $600K for businesses hurt by COVID-19
The North Miami Community Redevelopment Agency (NMCRA) has approved a $1 million rent relief package and $600,000 for small business owners impacted by the coronavirus epidemic.
The renters’ relief program will cover two months of rent for qualified residents who live within the NMCRA boundaries. Applicants must have resided in the city for a minimum of one year, show proof they have lost their jobs or been otherwise impacted by the COVID-19 outbreak, and provide their landlord’s information.
Paper applications are available at the Joe Celestin Center, 1525 NW 135th St. Online applicants can email email@example.com.
Due to the anticipated demand, applicants will be chosen at random via lottery selection. Applications must be received by 2 p.m. May 29.
The NMCRA also added another $600,000 in relief money to its existing Emergency Relief to Jump Start Businesses fund. The one-time grant provides up to $5,000 for small business owners located within the NMCRA boundaries for future operational expenses such as payroll, utilities and rent.
To qualify, business owners must have been denied for federal and state SBA loans. The funds will be made available once the city is allowed to reopen, but eligible business owners can apply here or call 305-895-9839.
“During this time of crisis, the North Miami CRA is working tirelessly to offer both residents and businesses alike a reprieve on their financial burdens while they wait for other benefits to materialize,” said North Miami Mayor Philippe Bien-Aime, chairman of the North Miami CRA Board.
“We also understand that small businesses are the backbone of a thriving economy, so providing additional funding for our emergency commercial aid programs will allow even more North Miami businesses to be prepared for a quick recovery when the time comes.”
North Miami has a population of 62,308 and a median household income of $39,273.