Predevelopment Loan Program

The Predevelopment process is an often overlooked, yet extremely important part of the development of affordable housing.

Florida Housing Finance Agency’s Predevelopment Loan Program (PLP) can provide funding for many expenses incurred in the initial stages of development. Along with a low interest rate loan, technical assistance is provided by the Florida Housing Coalition. Our team can help with:

  • Budgets;
  • Feasibility analyses;
  • Proformas;
  • Assembling the development team; and
  • Selecting appropriate funding sources.


The PLP is only available to nonprofits, community-based organizations and public housing authorities and the maximum loan amount is $750,000. The loan carries an interest rate of 1% and payments are deferred until construction financing is closed or when the loan matures (generally in 3 years) whichever comes first. In exchange for these favorable loan terms, rental housing developers have a 15-year compliance period where they must keep 20% of the units affordable to tenants whose incomes do not exceed 50% AMI. For homeownership developments, 50% of the homes must be sold to buyers whose incomes do not exceed 80% of AMI and the remaining units sold to buyers at or under 120% AMI.
Some eligible expenses include:

  • Land Acquisition
  • Appraisals
  • Title Searches
  • Legal Fees
  • Architectural and Engineering Fees
  • Market Studies
  • Permit fees
  • Impact fees
  • Site plan approval fees
  • Environmental reviews and more

To learn more about the PLP, contact Florida Housing Coalition at 850-878-4219, email: info@flhousing.org or visit FHFC PLP.