Florida Housing issued Invitation to Participate (ITP) Construction Housing Inflation Response Program (CHIRP), which provides funding to assist competitive projects in the development pipeline experiencing cost increases related to market inflation. CHIRP funding is intended to fill the funding gap experienced due to increased construction costs. CHIRP funding is not intended to support operating expenses or enhance cash flow. Applicants with an Active Award of Competitive Housing Credits or Competitive SAIL funding will have the opportunity to select National Housing Trust Funds (NHTF), Home Investment Partnerships Program (HOME) from the American Rescue Plan Act (HOME-ARP), additional Competitive Housing Credits, or loan funding as further explained in the ITP.
Prior to 3 p.m. ET on July 5, interested Applicants must submit the completed Exhibit A of this ITP confirming that the proposed Development of the Active Award meets the requirements contained within the ITP. Any modifications that may occur to the Request for Applications will be posted at the website and may result in an extension of the deadline. It is the responsibility of the Applicant to check the website for any modifications prior to the deadline date.
