Careers   |   Manage Profile   |   Print Page   |   Contact Us   |   Sign In
Affordable Housing News, Oct. 15, 2015 Vol 22 Issue 23
Share |
Affordable Housing News

Bookmark and Share   

   

Vol. 22 Issue 23

  

Senior Housing News from Florida Housing Finance Corporation -- The Florida Housing Finance Corporation recently updated us on the elderly housing Community Loan Program as well as some other issues.
  • The EHCL program is estimated to have $1.8 million available this year. Florida Housing Finance Corporation expects to issue a draft Request for Applications about a week before a workshop they will be holding by teleconference, currently scheduled for November 30. The RFA is scheduled to be issued December 18, and applications will be due on January 28, 2016. These dates may change.

  • For new construction developments, $16.2 million will be available for elderly developments – all of this will be paired with local or state issued bonds and 4% Low Income Housing Tax Credits. This RFA was issued on Friday, October 9, with applications due November 10.

  • Finally,$5.9 million in 9% Low Income Housing Tax Credits will be made available for preservation purposes – mainly for older HUD or USDA Rural Development properties, and most must be properties serving seniors. This RFA will be issued October 23 and applications are due December 4.
For more information about the Florida Housing Finance Corporation timeline, please click here.

The best way for anyone to keep up with RFAs and what’s going on is to sign up for webboard notices. Go to www.floridahousing.org, and click on “WebBoard” at the top of the page, and follow the directions to sign up. You must click on a group to follow, such as “FHFCMultifamilyPrograms”.
Membership Software Powered by YourMembership  ::  Legal