The Florida Housing Finance Corporation plans to increase funding available and maximum request amounts for proposed developments in Monroe County in Request for Applications (RFA) 2021-208 SAIL and Housing Credit Financing for the Construction of Workforce Housing.
At the March 12 Board Meeting, Florida Housing will ask the Board of Directors to redirect the $3 million set aside for the recently workshopped Community Workforce Housing Loan (CWHLP) Program to the RFA 2021-208. Florida Housing will continue to workshop and develop the CWHLP; however, it is clear based on the recent February 10 workshop that continued development of that program will take time and the $3 million set aside for that program would be best used to leverage awards for additional workforce units in RFA 2021-208, particularly in Monroe County.
To accommodate the proposed changes, the issue date for RFA 2021-208 will be postponed to a later date. The RFA is now expected to be issued the week of March 15, incorporating any changes that were approved by the Board at the Board Meeting. The draft of RFA 2021-208 shows the proposed changes to the request amounts and selection process.
