FLORIDA HOUSING FINANCE CORPORATION
Request for Applications 2014-103 for Financing of Affordable Multifamily Housing Developments with SAIL Funding to be Used in Conjunction with Tax-Exempt Bond Financing and Non-Competitive HC
This Request for Applications (RFA) is open to Applicants proposing the development of affordable, multifamily housing utilizing State Apartment Incentive Loan (SAIL) funding in conjunction with Tax-Exempt Bond financing (issued by Florida Housing, a Public Housing Authority [established under Chapter 421, F.S.], a County Housing Finance Authority [established pursuant to Section 159.604, F.S.], or a Local Government) and Non-Competitive Housing Credits.
Under this RFA, Florida Housing Finance Corporation expects to have available for award an estimated $32.5 million of SAIL funding, to be distributed as follows: (i) $22.5 million for Elderly Demographic Developments, and (ii) $10 million for Family Demographic Developments, with 10 percent of the units required to be set aside for Persons with a Developmental Disability.
Applications shall be accepted until 11:00 a.m., Eastern Time, on Thursday, February 6, 2014, to the attention of Ken Reecy, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. For questions or additional information, please contact Ken Reecy at Ken.Reecy@floridahousing.org. The Request for Applications, which outlines selection criteria and Applicant’s responsibilities, can be downloaded from the Florida Housing Finance Corporation web site at:
http://www.floridahousing.org/Developers/MultiFamilyPrograms/Competitive/2014-103/.
Any modifications that occur to the Request for Applications will be posted at the website and may result in an extension of the deadline. It is the responsibility of the Applicant to check the website for any modifications prior to the deadline date.
