RFA 2026-203 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County
Forecasted
RFA 2026-203 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County supports developers financing affordable multifamily homes for families and older residents.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): July 2027 (Inquiries) | August 2027 (Application)
Funding Amounts: $10,935,850 in estimated Housing Credits for the 2026 cycle
Summary: Housing Credit financing supports affordable multifamily housing development in Miami-Dade County, Florida.
Key Information: Applicants must commit to 50-year affordability restrictions and waive early conversion to market-rate housing.
Description
Florida Housing Finance Corporation administers this competitive financing opportunity for affordable multifamily housing developments in Miami-Dade County. It supports new construction, rehabilitation, and acquisition with rehabilitation, with demographic commitments serving families, elderly residents in non-assisted-living housing, or elderly residents in assisted living facilities. This is housing development financing rather than funding for research projects.
The program combines income-restricted housing commitments with development-team experience, site control, proximity to transit and community services, and financial feasibility requirements. Funding selection includes application scoring, preferences, Review Committee recommendations, and Board consideration. Selection goals include a Family development qualifying for the Geographic Area of Opportunity/HUD-designated SADDA goal, an Urban Center or MetroRail-designated development, and an Elderly Non-ALF development.
