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Elderly Housing Community Loan Program
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Important Announcement!
The 2009 Elderly Housing Community Loan (EHCL) Cycle has been cancelled due to no appropriation of SAIL funds from the legislature.
Florida Housing will immediately post on its website, and issue a WebBoard announcement, should there be any changes to the 2009 EHCL Cycle.
Background
The Elderly Housing Community Loan (EHCL) program provides loans of up to $750,000 to developers that are making substantial improvements to elderly housing. The EHCL program generally has one funding cycle each year (with the option of a supplemental cycle should funds still be available) and the application period is open for a minimum of 30 days. These funds are available for the purpose of making building preservation, sanitation repairs or improvements required by federal, state or local regulation codes, or life safety or security related improvements.
These housing developments must provide housing for the elderly as defined in Section 420.503 Florida Statutes. Applicants may be any person or entity, public or private, for-profit or nonprofit that provides housing for the elderly.
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