From David Volz
The rate of inflation and rise in rental costs is a financial burden for many of our residents. As a result, the City Commission asked city staff to look for solutions to address the dramatic increase in rising residential rental costs. City staff presented a plan to reallocate more than $1 million of federal funding through community development block grant funds to address the issue; during the July 20 Commission meeting, the City Commission voted unanimously to approve the reallocation and implementation of the program.
The new program will offer financial assistance to eligible Coral Springs renters who experienced more than 5% increase from April 2020 until now. Eligible households can receive a maximum grant amount of $3,600 to assist with the difference in the rental increase (for up to six months). All financial assistance will be paid directly to the landlord.:
To be eligible, applicant(s) must rent in Coral Springs and have documented evidence of an annual lease agreement that has increased more than 5% in one leasing period
