This Affordable Housing Resource Guide was developed by the Florida Housing Coalition as a quick reference source for affordable housing providers, administrators of local government housing and human service programs, and other professionals with an interest in affordable housing. This guide is particularly geared toward nonprofit organizations that currently provide affordable housing, or are considering becoming affordable housing developers and/or owners.
The guide is organized into three sections:
- Public Funding Sources Suitable for Individual Applicants and/or Small-Scale Developments
- Public Funding Sources Suitable for Larger Scale Developments
- Private Funding Sources
The categories for the first two sections are approximate and not mutually exclusive. For example, some of the funding sources most accessible to small-scale developers, such as State Housing Initiatives Partnership (SHIP) and Community Development Block Grant (CDBG) funds, are often used by developers of large projects as well. Additionally, some funding sources that are traditionally used for large-scale multifamily developments may be available for small-scale developers in some circumstances. For example, the Florida Housing Finance Corporation (FHFC) targets some of the Low Income Housing Tax Credit (LIHTC) and State Apartment Incentive Loan (SAIL) funds it administers to small-scale projects.
Each funding source has an entry that briefly describes the program, including the types of housing it supports, eligible applicants, the forms of subsidy it provides, and which organizations administer the funds. It is important to note that funds for many federal programs are passed through to state and/or local governments, which are often given wide latitude in designing programs to administer the funds. The same is true for many State programs.
The information in this guide is not comprehensive, but rather is meant as a starting point for the prospective applicant to search for more information. Applicants should contact the agencies listed at the end of each entry to learn more about available funds and project priorities in their geographic area. In addition, applicants should be aware that regulations and funding priorities for some programs may have changed since this guide was published.
For an affordable housing developer, building even one house can be a difficult and complex effort requiring multiple funding sources. Providing affordable housing is not a casual undertaking—it is a commitment of staff and board time, money, and relationship-building over a span of years or even decades. However, to effectively develop, own, and/or manage high-quality housing for low-income Floridians seeking a better life is one of the most fulfilling endeavors you can embark on.
Download the entire Affordable Housing Resource Guide.