Tallahassee, FL - Florida Housing Finance Corporation (Florida Housing) proudly celebrates this year’s housing achievements under the leadership of Governor Ron DeSantis, our partners in the Florida Legislature, and the Florida Housing Board of Directors.

2025 Legislative Session:

For the seventh consecutive year, Governor Ron DeSantis recommended full funding for the state’s affordable housing trust funds. Florida Housing received a total appropriation of $435 million. This funding ensures Florida families have access to safe, quality, affordable housing. Florida Housing is proud of its lasting success and looks forward to delivering continued proven results to our state.

Florida Housing’s state appropriation for the 2025-2026 fiscal year:

• $71.2 million for Affordable Housing programs, predominantly the State Apartment Incentive Loan (SAIL) program, to provide low interest loans to developers building workforce housing.
• $150 million for the Live Local SAIL program, which is dedicated to financing innovative approaches to build affordable rental units for Florida’s workforce and military communities.
• $163.8 million for the State Housing Initiatives Partnership (SHIP) program to incentivize local governments to partner with developers who are preserving or producing affordable housing.
• $50 million for the Florida Hometown Heroes (HTH) Housing program to provide downpayment and closing cost assistance to first-time homebuyers in fields such as law enforcement, first responders, healthcare, education, childcare, and active-duty military and veterans.

Achievements for Policy and Special Programs:

• $191.8 million expended through SHIP from the fiscal year 2022-2023 allocation to assist more than 5,800 Florida families over the program’s three-year expenditure cycle. These funds incentivize local governments to provide downpayment assistance, emergency repairs, and to build partnerships with developers who are preserving or producing affordable housing.
• 273 multifamily properties certified for the Multifamily Middle Market Tax Exemption process affecting over 35,000 affordable rental units. This tax exemption process allows Florida Housing to expand affordable housing opportunities without using Florida Housing dollars.
• 12 Predevelopment Loans approved for non-profit developers that will create more than 400 new units through Florida Housing’s Predevelopment Loan Program.

Homeownership Accomplishments:

• Assisted 5,628 Florida families in purchasing their first home through the Homebuyer Loan Program by leveraging $1.5 billion through first mortgage assistance and providing more than $66 million in total downpayment and closing cost assistance.
• Launched the 2025 Florida Hometown Heroes program with an additional $50 million on August 18th.
• Florida Hometown Heroes program has provided 1,671 homebuyers with $27 million in downpayment and closing cost assistance, leveraging more than $535 million in first mortgage volume.

Successes for Multifamily / Rental Housing Development:

• The Live Local Program Tax Credit opened on October 1, 2023, giving businesses the opportunity to contribute to the Florida Housing Finance Corporation to benefit the SAIL Program. In return, these businesses receive dollar-for-dollar tax credit reduction. The Live Local Program has received $99,575,000 in 2023 contributions, and in 2024 received $18,136,667 in contributions with an additional 50,000 in reservations. This program has received $2,400,000 in contributions with an additional $28,250,000 in reservations for the 2025 tax year.
• 49 developments with various Florida Housing loan funding resources closed on their construction financing. These developments will deliver a total of 7,048 units. Total Florida Housing loan funding in these transactions equated to more than $1.1 billion comprised of:

• $809,310,000 Corporation-issued Multifamily Mortgage Revenue Bonds (MMRB)
• $227,995,792 from SAIL
• $32,437,800 from the Rental Recovery Loan Program (RRLP)
• $4,600,000 in Grants
• $28,889,400 from the National Housing Trust Fund (NHTF)

• Preliminary funding awarded to 51 developments by the Florida Housing Board of Directors through the following loans, bonds, grants, and housing credit allocations:

• $12,665,630 in 9% Housing Credits
• Issued 4 additional Requests for Applications (RFAs) offering $72,332,000 in 9% Housing Credits to be awarded at the January 30, 2026, Board Meeting, adding an additional estimated 1,700 – 1,900 units.
• $115,772,804 in SAIL funding
• $235,087,798 in Live Local SAIL funding
• $47,000,000 in Live Local Tax Credit program funding
• $26,550,000 in HOME funding
• $2,800,000 in Grant funding
• $6,061,400 in HOME-ARP funding
• $878,820,000 in MMRB and an estimated $97,804,177 in 4% Housing Credits

• Awarded 37 developments totaling 6,879 units with the following Florida Housing administered bonds and/or allocations:

• $365,165,000 in MMRB funding
• An estimated $105,688,654 in non-competitive 4% Housing Credits

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