The City of Bradenton Housing and Community Development Division received $482,236 in State Housing Initiatives Partnership (SHIP) funding from the Florida Housing Finance Corporation for the 2008-09 program year. The City has approximately $125,000 available for down payment assistance for persons earning up to 80% of the Area Median Income (AMI). The maximum annual income must not exceed the following income limits:

Family size:            1 Person    2 Person    3 Person   4 Person   5 Person   6 Person   7 Person    8 Person

   $33,400      $38,150     $42,950   $47,700    $51,500    $55,350     $59,150    $62,950

The City will accept applications for the down payment assistance program starting January 20, 2009 until January 29, 2009. Applications will be available at the following locations:

City of Bradenton

Housing and Community Development Division

912 7^th Ave. E.

Bradenton, FL 34208

Hours: 7:30 am-5:30 pm Monday-Thursday

Bradenton City Hall

101 12^th St. W.

Bradenton, FL 34205

Hours: 7:30 am-5:30 pm Monday-Thursday

The applicants must be approved for a mortgage prior to applying for down payment assistance. Applicants must also complete a HUD approved first-time homebuyer’s homeownership training class and receive a certificate of completion prior to making or submitting an application. Down payment assistance will be awarded on a first-come, first-ready basis to persons purchasing homes within the City of Bradenton city limits.