FLORIDA HOUSING FINANCE CORPORATION
Request for Applications 2016-112 – SAIL Financing for the Construction of Workforce Housing in Miami-Dade County and Monroe County
This Request for Applications (RFA) is open to Applicants proposing the construction of workforce housing for Families in Miami-Dade County and Monroe County. Under this RFA, Florida Housing Finance Corporation (the Corporation) expects to have up to an estimated $20 million of State Apartment Incentive Loan (SAIL) workforce funding available for proposed Developments located in Miami-Dade County and Monroe County. For proposed Developments located in Miami-Dade County, the Corporation will offer an estimated $17 million of Workforce SAIL funding, to be used with Tax-Exempt Bonds (issued by the Corporation or the Housing Finance Authority of Miami-Dade County) and Non-Competitive Housing Credits. For proposed Developments located in Monroe County, the Corporation will offer an estimated $3 million of Workforce SAIL funding and an estimated $900,000 of Competitive Housing Credits, as well as an additional $2.4 million of SAIL funding for proposed Developments committing to the 80 percent workforce set-aside.
Applications shall be accepted until 11:00 a.m., Eastern Time, on Friday, January 6, 2017, 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 or as otherwise directed in the RFA. This Request for Applications, which outlines selection criteria and Applicant’s responsibilities, can be downloaded from the Florida Housing Finance Corporation website http://www.floridahousing.org/Developers/MultiFamilyPrograms/Competitive/2016-112/.
Any modifications that occur to the Request for Applications will be posted at the web site 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.
