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Contact:
Taylore Maxey (850) 488-4197
  • TALLAHASSEE, FL - The Florida Housing Finance Corporation (Florida Housing) is releasing $5 million in disaster funds to counties in the Panhandle that were ravaged by Hurricane Michael. After completing the evaluation process regarding the State Housing Initiative Partnership (SHIP) program disaster funds, Florida Housing is allocating the funding to nine impacted counties. The Tier 1 counties include: Bay, Calhoun, Gulf and Jackson. The Tier 2 counties include: Franklin, Gadsden, Liberty, Wakulla, and Washington. Click here to review the complete list of local governments approved to received disaster funding and allocation amounts.

    “Many of the counties affected by Hurricane Michael are small, rural counties, and the SHIP dollars allocated here will make a difference getting residents’ lives back in order,” said Trey Price, executive director for Florida Housing. “Florida Housing continues the long process of rebuilding the Panhandle with this much-needed allocation".

    The SHIP program provides funds to local governments for their homeownership and rental housing programs. Under Section 420.9073(5), Florida Statutes, Florida Housing is authorized to hold back up to $5 million each fiscal year from the SHIP appropriation for recovery efforts for declared disasters. In previous years, recovery efforts include response to hurricanes, tornadoes, flooding and wildfires.

    While SHIP’s role is primarily in long-term housing recovery, each SHIP local government has an adopted disaster strategy that allows for assistance in the immediate aftermath of a declared disaster.  The strategies include, temporary relocation, tree and debris removal, rent assistance, and short-term repairs to prevent further damage to the structure or to allow for occupancy until further repairs are made.

    Click here for additional disaster relief information that details Florida Housing resources available throughout the state, as well as other federal, state and local resources.

    Florida Housing was created by the Legislature more than 35 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for our hardworking and vulnerable Floridians across the State. For more information, please visit www.floridahousing.org.

     


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  • ~Hurricane Recovery for area severely impacted by Hurricane Irma~

     

    TALLAHASSEE, FL - The Florida Housing Finance Corporation (Florida Housing) Board of Directors approved the awarding of financing for the construction of two workforce housing developments in Monroe County during the board meeting held  in December. Florida Housing issued invitations to credit underwriting last week to the approved applicants..

    On October 8, 2018, the Corporation issued a request for application (RFA) offering over $1.8 million of Competitive Housing Credits and $15 million in State Apartment Incentive Loan (SAIL) funding to applicants proposing the development of workforce housing for hurricane recovery in Monroe County. This RFA was specifically created to assist with building affordable workforce housing in an area that was devastated by Hurricane Irma in 2017.

    “Florida Housing is keeping its commitment of providing long-term housing solutions and resources to the citizens of Florida,” said Trey Price, executive director for Florida Housing. “The construction of affordable workforce housing is imperative in Monroe County as the community continues to rebuild from Hurricane Irma.”

    The SAIL program provides developers with the gap funding needed to obtain full financing of affordable rental housing, and the Housing Credits program provides dollar-for-dollar reduction in federal tax liability in exchange for the development of affordable rental housing. SAIL loans are low-interest loans awarded on a competitive basis to developers of affordable rental housing. Click here to view additional information on the applications that were approved.

    Florida Housing was created by the Legislature more than 35 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for the citizens of Florida. For more information, please visit www.floridahousing.org.

     


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@ Florida Housing Finance Corporation. All Rights Reserved.