This Solicitation opportunity from Florida was posted on October 2, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Local Government Area of Opportunity Loan for Multi-family Rental Housing
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The County of Volusia's Department of Community Services is offering a loan opportunity aimed at supporting the development or rehabilitation of affordable multi-family rental housing within the county, excluding Daytona Beach and Deltona. The program allocates $460,000 in SHIP funds, which will be provided as a 50-year deferred, forgivable loan with zero interest, contingent upon the project's approval for Housing Credits financing through the Florida Housing Finance Corporation’s RFA 2025-201. The project must include ten units that serve very low-income households earning 50% or less of the Area Median Income, with rent restrictions aligned with SHIP or Low-Income Housing Tax Credits guidelines. These units will be permanently restricted to very low-income occupancy for at least fifty years. The funding is specifically targeted at projects that secure Housing Credits, and if no projects are selected through the specified RFA, the funds will be reallocated to other affordable housing initiatives. The solicitation emphasizes timely responses, with a deadline of October 17, 2025, and provides a contact for inquiries.
General Info
Place of Performance
FL, USASet-Aside
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Timeline
Submission Closed
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