FLORIDA HOUSING FINANCE CORPORATION
Request for Applications 2014-111 for SAIL Financing of Affordable Multifamily Housing Developments to be used in Conjunction with Tax-Exempt Bond Financing and Non-Competitive Housing Credits
This Request for Applications (RFA) is open to Applicants proposing the development of affordable, multifamily housing for Families and the Elderly 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. The funding available under this RFA will include an Elderly Transformative Preservation goal to fund one (1) Development currently in the Corporation’s portfolio, that is currently targeted to serve elderly residents, to provide design and service supports to help elders stay in their homes as long as possible. Under this RFA, the Corporation expects to offer an estimated $64,408,800, comprised of the Family and Elderly Demographic portion of the SAIL funding appropriated by the 2014 Florida Legislature as well as SAIL Program income, with a required set aside for Persons with a Disabling Condition. The funding will be distributed as follows: (i) $17,578,800 of Elderly funding for proposed Developments with the Elderly Demographic Commitment (ALF and Non-ALF) and one (1) proposed Development with the Elderly Transformative Preservation Demographic Commitment; and (ii) $46,830,000 of Family funding for proposed Developments with the Family Demographic Commitment.
Applications shall be accepted until 11:00 a.m., Eastern Time, on Thursday, September 18, 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 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 at http://www.floridahousing.org/Developers/MultiFamilyPrograms/Competitive/2014-111/.
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.
