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

Notice: On April 1, 2024, Florida Housing opened 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.  Florida Housing has received multiple applications since opening the Non-Competitive Application Package for FHFC Issued MMRB and Non-Competitive Housing Credits, which should ensure utilization of the 2021 Multifamily Carryforward Allocation. Therefore, the Non-Competitive Application Package for Corporation-issued MMRB and Non-Competitive Housing Credits is closed for new applications.

The Non-Competitive Application Package for Non-Competitive Housing Credits (4 percent HC) only, to be used for a Tax-Exempt Bond Financed Development where the bonds are issued by a County Housing Finance Authority and Tax-Exempt Bond- Financed Development where the bonds are issued by an entity other than the Corporation or County HFA will remain open for new applications.

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 06-2024