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 affordable housing developers with gap financing for construction and rehabilitation to provide multifamily housing for families and elderly residents in Florida.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): September 2027 (Principals Disclosure advance review) | September 2027 (Application)
Funding Amounts: Estimated $139,644,308 in SAIL financing, plus $7,315,781 in Live Local SAIL
Summary: Gap financing for affordable multifamily housing serving families and elderly residents, combined with tax-exempt bonds and 4% Housing Credits.
Key Information: Projects with tax-exempt bond financing already closed before the application deadline are ineligible.
Description
Florida Housing Finance Corporation administers this competitive State Apartment Incentive Loan (SAIL) opportunity for affordable multifamily housing in Florida. It supports new construction, rehabilitation, and acquisition with rehabilitation for families and elderly residents, including assisted living facilities. SAIL serves as gap financing and must be combined with tax-exempt bonds and noncompetitive 4% Housing Credits.
Funding is distributed across family and elderly demographic commitments and small, medium, and large county categories. The program includes Extremely Low Income (ELI) funding and Link Units for persons with special needs. A separate Live Local SAIL allocation targets family urban-infill developments reserving housing for youth aging out of foster care. Selection also considers development experience, proximity to services, leveraging, and designated development goals.
