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Florida Housing Finance Corporation — SAIL Program

Florida Housing Finance Corporation (FHFC)FL-SAIL
Max per Applicant

$5.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Florida

About This Program

State Apartment Incentive Loans (SAIL) providing low-interest gap financing for affordable multifamily rental developments serving very-low-income households in Florida, often combined with federal LIHTC.

Key Requirements & Eligibility

  • 1Development must include units affordable to households at or below 60% AMI
  • 2At least 20% of units must be for households at or below 30% AMI
  • 3SAIL funds used as gap financing alongside LIHTC equity
  • 4Loan terms: 30 years at 0–3% interest depending on affordability levels
  • 5Annual competitive application through FHFC's Universal Cycle

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Real EstateConstructionGovernment & Nonprofit
Official Source