Miami-Dade County has officially relaunched its Condominium Special Assessment Loan Program with approximately $15 million in funding available for eligible condo owners. The program offers loans of up to $50,000 per unit, including 0% interest loans for qualifying households, to help cover the cost of building repairs and recertification-related projects.

For years, one phrase helped sell millions of dollars’ worth of condominium units across Florida: “We’ll keep assessments low.” On the surface, that sounds like good news. Who wouldn’t want lower monthly fees? But what many owners are discovering today is that low assessments were often not a sign of a healthy community. In many cases, they were a warning sign.