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    THE LINK INITIATIVE - HOW IT WORKS

     

    Applicants that are requesting tax credits from Florida Housing are required to set aside for Extremely Low Income (ELI) households 10% of the total units for which they are applying. Florida Housing, through its Link Initiative, now requires Applicants to commit to reserving 50% of those ELI units for special needs households, defined as households consisting of homeless families, survivors of domestic violence, persons with a disability, or youth aging out of foster care.  Referral Agencies throughout Florida have agreed to provide a coordinated system to assist special needs households with supportive services to obtain and retain permanent housing in their community. The flow chart below shows how Link works.

    Developer applies to Florida Housing for Low Income Housing Tax Credits and commits to reserving special needs units.

     

    Developer wins award of in Florida Housing's competitive process and enters Credit Underwriting.

     

    Developer and Referral Agency create a Memorandum of Understanding (MOU). Executed MOU is a component of Final Credit Underwriting Report.

     

    Florida Housing’s Board of Directors or Multifamily staff Approves Developer’s Final Credit Underwriting Report and approves the development to move to loan closing.

     

    Referral Agency receives a letter from Developer stating that the loan has closed and the Approximate Placed in Service date.

     

    Referral Agency ensures that Special Needs Households targeted for the units are (a) receiving community based supportive services; (b) prepared to live in an independent living environment; and (c) able to pay the determined rent and other costs for the available unit. 

     

     

    Referral Agency creates and implements referral system to produce waiting list of eligible prospective tenants when units are completed.

     

    Upon notification that a reserved unit is available, the Referral Agency selects the household at the top of the waiting list and contacts the social service provider that a unit is available.

     

     

     

    Developer notifies Referral Agency three months before the Placed in Service date that units will be available and the lease-up period is forthcoming.

     
     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     


                       

    To ensure that the proper number of Special Needs Units are always maintained, Property Management must give next available ELI unit to Special Needs Household referred by Referral Agency to not fall below number committed.

    Developer’s Property Manager and Referral Agency should have quarterly contact to assure that the Link units remain available to eligible persons throughout the compliance period.

     
     

    Go to Florida Housing Finance Corporations Website
    Florida Housing Finance Corporation 227 North Bronough Street, Suite 5000 Tallahassee, FL  32301-1329 850.488.4197 SUNCOM 850.278.4197 Copyright 2007
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