RFA 2026-205 SAIL Financing Of Affordable Multifamily Housing Developments To Be Used In Conjunction With Tax-Exempt Bond Financing And 4% Housing Credits
Florida Housing Finance Corporation's RFA 2026-205 SAIL grant supports affordable multifamily housing development in Florida using SAIL funds, tax-exempt bonds, and 4% housing credits.
Funder: Florida Housing Finance Corporation
Due Dates: September 22, 2026: Application Deadline
Funding Amounts: ~$139.6 million total (Family & Elderly categories); typical awards vary by county and project; see RFA for county/demographic allocations and per-project limits.
Summary: Supports the development and preservation of affordable multifamily housing in Florida using SAIL funds, tax-exempt bonds, and 4% housing credits.
Key Information: Applicants must use SAIL funds in conjunction with tax-exempt bond financing and 4% Housing Credits; strict eligibility and documentation requirements apply.
Description
This opportunity from the Florida Housing Finance Corporation provides gap financing through the State Apartment Incentive Loan (SAIL) program to support the creation and preservation of affordable multifamily rental housing throughout Florida. Funding must be used in conjunction with tax-exempt bond financing (either Corporation-issued Multifamily Mortgage Revenue Bonds or non-Corporation-issued tax-exempt bonds) and non-competitive 4% Housing Credits. The program targets developments serving low- and moderate-income families and elderly residents, with specific set-aside requirements and additional goals for special populations such as youth aging out of foster care.
