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 in designated rural Florida regions.
Funder: Florida Housing Finance Corporation
Due Dates (Anticipated): January 2027 (Advance review) | January 2027 (Application)
Funding Amounts: Up to $7 million in HOME financing per development, subject to per-unit limits; Live Local SAIL financing is also available
Summary: Financing supports construction of affordable rental housing in designated Florida Rural Areas of Opportunity.
Key Information: Developments must have 10–50 newly constructed units and a 50-year affordability commitment.
Description
Florida Housing Finance Corporation runs this opportunity through its competitive multifamily programs. It combines HOME Investment Partnerships Program financing with Live Local State Apartment Incentive Loan (SAIL) financing for affordable rental developments in Rural Areas of Opportunity designated by Florida Commerce.
Applicants may propose housing for the general population or elderly residents in non-assisted-living developments. The RFA sets a goal of funding at least one application in each of the Northwest, South Central and North Central Rural Areas of Opportunity, as well as one application qualifying under its Community Housing Development Organization (CHDO) goal. Selected applicants are invited to enter credit underwriting before financing is finalized.
