Non-Competitive Application (MMRB and/or Non-Competitive 4% HC) Application Process

Notice:  At the March 26th FHFC Board Meeting, staff announced that on April 1, 2024, Florida Housing will open the Non-Competitive Application Package requesting FHFC Issued MMRB and Non-Competitive Housing Credits until such time there are sufficient developments in the pipeline that can complete credit underwriting and close on their funding by the end of 2024 to utilize all of the 2021 Multifamily Carryforward Allocation.  FHFC will prioritize developments that can close by the end of this year to ensure utilization of allocation.

Following the utilization of the 2021 Multifamily Carryforward Allocation, developments awarded FHFC competitive funding will be prioritized pertaining to the use of tax-exempt bond allocation.  Therefore, any Non-Competitive Application requesting FHFC Issued MMRB that is not able to close by the end of 2024, will be subject to closing based on allocation availability.

Average Income Test
 
Questions may be directed to:
This Application is accessible to apply for the following:
  • Florida Housing-issued MMRB with Non-Competitive 4% Housing Credits
  • Non-Competitive 4% HC to be used for Tax-Exempt Bond-Financed Developments where the bonds are issued by a County Housing Finance Authority established pursuant to Section 159.604, F.S.
  • Non-Competitive 4% HC to be used for Tax-Exempt Bond-Financed Developments where the bonds are issued by an entity other than Florida Housing or a County Housing Finance Authority established pursuant to Section 159.604, F.S.
Rule
Non-Competitive Application Package, effective 06-2023