RFA 2026-206 HOME and Live Local SAIL Financing to Be Used for Rental Developments in Rural Areas of Opportunity
Forecasted
RFA 2026-206 HOME and Live Local SAIL Financing to Be Used for Rental Developments in Rural Areas of Opportunity supports developers building affordable rental housing for rural families and elderly residents.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): January 2027 (CHDO documentation and advance review) | January 2027 (Application)
Funding Amounts: Up to $7 million HOME financing plus $1.5 million Live Local SAIL per successful application, subject to limits and underwriting
Summary: Financing for new affordable rental housing developments in Florida’s eligible Rural Areas of Opportunity.
Key Information: Developments must contain 10–50 units and commit to at least 50 years of affordability.
Description
Florida Housing Finance Corporation administers this competitive financing opportunity for construction of affordable rental housing in Rural Areas of Opportunity (RAOs) designated by Florida Commerce. The program combines federal HOME Investment Partnerships funding with State Apartment Incentive Loan funding appropriated through the Live Local Act. It supports rental housing development rather than research or individual housing assistance.
Developments may serve families or elderly residents in non-assisted-living housing. Selection priorities include HOME and affordable housing development experience, matching contributions, job creation, and geographic distribution. Florida Housing has goals to fund one qualified Community Housing Development Organization (CHDO) application and at least one development in each eligible RAO. Selected applicants are invited into credit underwriting before financing agreements are completed.
