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 of Affordable Multifamily Housing Developments to Be Used in Conjunction with Tax-Exempt Bond Financing and 4% Housing Credits supports developers building affordable homes for Florida families and older residents.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): September 2027 (application deadline)
Funding Amounts: 2026 RFA: estimated $139,644,308 in SAIL financing, plus $7,315,781 in Live Local SAIL
Summary: SAIL gap financing supports affordable multifamily housing for families and older residents alongside tax-exempt bonds and 4% Housing Credits.
Key Information: Applicants must request the bonds and 4% Housing Credits through the SAIL application; previously closed bond financing makes an applicant ineligible.
Description
Florida Housing Finance Corporation administers this competitive request for applications to finance affordable multifamily developments in Florida. State Apartment Incentive Loan (SAIL) funding serves as gap financing alongside tax-exempt bonds and non-competitive 4% Housing Credits. The program covers family housing and housing for older residents, including assisted living facilities, through new construction, rehabilitation, or acquisition and rehabilitation.
The 2026 RFA also set goals for a family preservation development and an urban infill family development reserving units for youth aging out of foster care. Developments must make income-based unit set-asides, including commitments for extremely low-income households and Link Units for persons with special needs. Its financing and selection rules are specific to affordable rental development, rather than research projects.
