Panama City Housing Assistance (SHIP Program)
In the wake of Hurricane Michael, the Florida Legislature appropriated funding to the City of Panama City to address unmet housing needs through the Hurricane Housing Recovery program (HHRP) and the State Housing Incentive Partnership (SHIP). The City's Community Development Team is working quickly and efficiently to assist people seeking housing assistance within the city limits of Panama City, Florida.
The City has funding available for a variety of programs and is currently accepting applications.
Program funding is limited to qualified applicants. Each program has specific requirements (like household income) that must be met before funding is awarded. If funding becomes limited, eligible applicants may be placed on a waiting list until additional funding is available. All programs are based on a “first qualified, first served” basis.
To apply for assistance, please complete the online application or call the Community Development Department at (850) 872-7230.
Purchase Assistance (First-Time Homebuyers)
The First-Time Homebuyers Program helps current and future Panama City residents purchase affordable homes. The program provides up to $50,000 to eligible individuals and families to lower up-front costs (like down payment and closing costs) and keep mortgage payments affordable. In addition to funding, program participants will also receive first-time homebuyer counseling. Financing is distributed as a second mortgage on purchased homes that:
To participate in the First-Time Homebuyers' Program, eligible applicants must:
Housing Repair and Recovery Program (Owner-Occupied Rehabilitation)
The Housing Repair and Recovery Program can provide funding to repair homes with substantial damage or demolish and reconstruct eligible homes. After an applicant qualifies for the program, the program will complete a home inspection to confirm damages, develop a construction plan, and partner with contractors and builders to repair the home.
Program financing is distributed as a second mortgage on repaired or reconstructed homes that are:
The program cannot:
Eligible applicants must:
Homeless Prevention and Rental Assistance
The Homeless Prevention and Rental Assistance Program can provide short-term rental assistance to eligible applicants in Panama City, Florida. There are three forms of rental assistance made available to income-eligible applicants:
Financing is distributed as a one-time grant to applicants that:
Foreclosure Prevention and Short-Term Mortgage Assistance
If you are a survivor of Hurricane Michael and are facing a income-related hardship that has resulted in difficulty paying your mortgage, the Foreclosure Prevention and Short-Term Mortgage Assistance Program may be able to help. Eligible applicants must be able to demonstrate hardship; staff will verify this when reviewing the application for assistance. Program financing is distributed as a short-term loan for applicants that:
Impact fee Assistance
The Impact Fee Assistance Program may be able to help eligible applicants* fund impact fees (like sewer or water connection fees) on some properties. Program financing is distributed as a short-term loan for applicants that:
*Note: this program may also be available to developers that are building houses that meet affordable housing criteria.
Other programs include Disaster Assistance, Emergency Assistance Repair, New Construction / Infill Development and Special Needs.
Income Eligibility Guide
Find the number of people in your household on the top row (1 – 8+). If your household’s combined gross income* is within the income range listed below your household size (found in the second row), you may qualify for assistance.
|Household Size||Percentage Category||1||2||3||4||5||6||7||8||9||10|
|Bay County / Panama City||30%||15,800||18,310||23,030||27,750||32,470||37,190||41,910||46,630||Refer to HUD||Refer to Hud|
*combined income includes ALL pre-tax income for individuals 18 years or older living in your home, including full-time, part-time, or overtime salary, social security, supplemental security, or disability income, pension(s), VA benefits, child support, etc.