Subject


Florida Housing Finance Corporation will hold a Workshop on SAIL Program Pilot to Allow First Mortgage Refinancing for Recapitalization. Florida Housing Finance Corporation’s Portfolio Preservation Action Plan includes a strategy that would permit the refinancing of non-acquisition first mortgages without a SAIL paydown with moderate rehabilitation (i.e., $5,000 - $10,000/unit) of stabilized affordable multifamily developments, that are at least 20 years old. The Action Plan can be found at: http://www.floridahousing.org/docs/default-source/data-docs-and-reports/boardpackages/2018/september-14/information-supplement---full-package-fhfc-portfolio-preservation-action-plan-sept-2018-amended.pdf?sfvrsn=3756057b_2 The workshop is intended to discuss the pilot program approach with an opportunity for the public to provide comments and suggestions.