RFA 2026-204 SAIL Financing for the Preservation of Elderly Developments
Florida Housing Finance Corporation’s RFA 2026-204 SAIL grant supports science-based preservation and rehabilitation of affordable elderly housing developments across Florida.
Funder: Florida Housing Finance Corporation
Due Dates: November 10, 2026: Application Deadline
Funding Amounts: Up to $5,317,810 total available; maximum $5,317,810 per development and $115,000 per unit; minimum request $1,000,000; up to 35% of total development cost.
Summary: Financing for preservation and rehabilitation of affordable multifamily housing developments for elderly residents in Florida, using SAIL funds in conjunction with tax-exempt bonds and 4% housing credits.
Key Information: SAIL funding must be paired with tax-exempt bonds and 4% housing credits; developments must be at least 20 years old and meet extensive eligibility and construction requirements.
Description
This opportunity provides gap financing through the State Apartment Incentive Loan (SAIL) program to preserve, rehabilitate, and ensure the long-term sustainability of affordable multifamily rental housing for elderly residents in Florida. The program is administered by the Florida Housing Finance Corporation and targets developments that are at least 20 years old, with a focus on those at risk of losing affordability restrictions or critical rental assistance. Funding must be used in combination with tax-exempt bond financing and 4% non-competitive housing credits. The program prioritizes developments within the Florida Housing portfolio, as well as those with expiring affordability periods and those located in high-need counties.
