Florida Housing Finance Corporation’s Board of Directors approved $5 million in demonstration loan funds to create housing for Homeless individuals and families. The proposed demonstration RFA will provide forgivable loans of up to $750,000 to non-profit Applicants to finance small rental housing developments of no more than 10 units to serve as permanent housing to extremely low and low income homeless households. Proposed allowable developments shall consist of single family, townhomes, duplexes or quadraplexes on a single site or scattered through the community.
The purpose of the demonstration RFA is to pilot an approach to allocate resources to counties with populations up to 250,000 in order to support the development of permanent rental housing for homeless households that is appropriate for small and rural communities. Another objective of the proposed demonstration RFA is to help build the capacity of local non-profits that serve homeless households to develop and operate permanent rental housing.
FHFC hosted a workshop on Tuesday, April 26 to discuss with the public and stakeholders Florida Housing’s proposed approach to this Request for Applications (RFA).
