RFA 2026-205 SAIL Financing of Affordable Multifamily Housing Developments to Be Used in Conjunction with Tax-Exempt Bond Financing and 4% Housing Credits
Forecasted
RFA 2026-205 SAIL Financing supports developers with gap financing for affordable multifamily housing, paired with bonds and housing credits, to serve Florida families, older people, and special-needs residents.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): September 2027 (Application deadline)
Funding Amounts: Published cycle: $139,644,308 in SAIL financing, plus $7,315,781 in Live Local SAIL
Summary: Gap financing for affordable multifamily housing for Families and the Elderly, paired with tax-exempt bonds and 4% Housing Credits.
Key Information: Applicants whose tax-exempt bond financing has already closed before the application deadline are ineligible.
Description
Florida Housing Finance Corporation administers this competitive State Apartment Incentive Loan (SAIL) opportunity to support affordable multifamily housing development in Florida. SAIL provides gap financing alongside tax-exempt bonds and noncompetitive 4% Housing Credits. Eligible development categories include new construction, rehabilitation, and acquisition with rehabilitation. This is housing-development financing rather than research funding.
The program distributes financing across Family and Elderly demographic commitments and small, medium, and large counties. It includes funding for Extremely Low Income (ELI) households and Link Units for persons with special needs. A separate Live Local SAIL allocation targets Family urban-infill developments reserving units for youth aging out of foster care. Selection also considers development experience, proximity to services, financing commitments, and program-specific goals.
