811 1990 Enacted: Cycle: Housing Type: 1990 Annual Competitive Rental Regulation: Administrator: Primary Uses: 24 CFR Part 891 HUD - Multifamily New Construction, Rental Assistance, Rehabilitation, Acquisition HUD provides funding to nonprofit organizations to develop rental housing with the availability of supportive services for very low-income adults with disabilities, and provides rent subsidies for the projects to help make them affordable. The program also provides project rental assistance, which covers the difference between the HUD operating costs of the project and –approved tenants’ contribution toward rent. The program is similar to Supportive Housing for the Elderly (Section 202) STATE APARTMENT INCENTIVE LOAN PROGRAM (SAIL) Enacted: Cycle: Housing Type: 1988 Annual Competitive Cycle Rental Regulation: Administrator: Primary Uses: Section 420.5087, F.S. Florida Housing Finance New Construction, Rule Chapter 67-48 FAC Corporation Substantial Rehabilitation The State Apartment Incentive Loan (SAIL) Program provides low-interest rate mortgage loans to developers who build or substantially rehabilitate rental developments, made affordable to very low (50 percent or less of area median) income households. The SAIL loan bridges the gap between a primary financing and total development costs. development’s
811 1990 Enacted: 1990 Cycle: Annual Competitive Housing Type: Rental Regulation: 24 CFR Part 891 Administrator: HUD - Multifamily Primary Uses: New Construction, Rental Assistance, Rehabilitation, Acquisition HUD provides funding to nonprofit organizations to develop rental housing with the availability of supportive services for very low-income adults with disabilities, and provides rent subsidies for the projects to help make them affordable. The program also provides project rental assistance, which covers the difference between the HUD –approved operating costs of the project and tenants’ contribution toward rent. The program is similar to Supportive Housing for the Elderly (Section 202) STATE APARTMENT INCENTIVE LOAN PROGRAM (SAIL) Enacted: 1988 Cycle: Annual Competitive Cycle Housing Type: Rental Regulation: Section 420.5087, F.S. Rule Chapter 67-48 FAC Administrator: Florida Housing Finance Corporation Primary Uses: New Construction, Substantial Rehabilitation The State Apartment Incentive Loan (SAIL) Program provides low-interest rate mortgage loans to developers who build or substantially rehabilitate rental developments, made affordable to very low (50 percent or less of area median) income households. The SAIL loan bridges the gap between a development’s primary financing and total development costs.
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