The Real Deal Miami

Pompano gives away home in Leisureville retirement community

June 13, 2011 02:51PM

Residents of Pompano Beach, 55 years or older and meeting income requirements, may enter a draw to win a new home from the city, according to the Sun Sentinel.

Having bought and rehabilitated a foreclosed home in the Leisureville retirement community, the city now plans to give the property, worth $83,000, away. The aim is to encourage interest in homes it has rehabilitated for resale to qualified individuals and families through the Neighborhood Stabilization Program.

Applicants must not have a maximum household income exceeding $76,080 for a two-person family.

The winner will be picked out of the first 75 qualified applicants at a drawing on July 26. [Sun Sentinel]