Effective January 1, 2012, the City of Sunrise is reimbursing homebuyers up to $2,000 for select improvements to a newly-purchased single-family foreclosure or short sale home. Under its innovative New Homebuyer Incentive Program, the City is offering buyers just one more reason to focus their search in Sunrise.
“Sunrise is a great place to call your home town,” said Sunrise Mayor Michael J. Ryan. “We have everything you could want in a community – great services, world-class shopping and dining, many parks, terrific schools, and access to some of the best cultural programming in South Florida. I’m confident the New Homebuyer Incentive Program will attract new residents to Sunrise, and benefit existing residents by helping to improve the appearance and property values in our neighborhoods.”
The New Homebuyer Incentive Program is administered by the Redevelopment & Grants Division of the City of Sunrise Community Development Department. In an effort to simplify the reimbursement process, the City has a dedicated program facilitator.
In order to claim a rebate, homebuyers should:
Get prequalified for a conventional, fixed-rate mortgage or FHA mortgage
Work with their Realtor® to find a single-family foreclosure or short sale home in Sunrise
Get prequalified for the City's New Homebuyer Incentive Program
Purchase the foreclosure or short sale for use as their primary residence
Make one or more eligible improvements (including landscaping improvements, exterior house painting, roof replacement, or installation of energy-efficient appliances)
Submit their supporting documentation to the City of Sunrise
New Homebuyer Incentive Program documents are available for download below:
New Homebuyer Incentive Program - Summary
New Homebuyer Incentive Program - Application
New Homebuyer Incentive Program - Primary Residence Certification
New Homebuyer Incentive Program - Flyer
Prospective Sunrise homeowners are encouraged to call (954) 578-4767 for more information.
This news item is also available as a formatted press release.