In December 2018, Florida Housing’s Board of Directors approved the Corporation’s Portfolio Preservation Plan.

This effort is the result of extensive data-driven research and stakeholder engagement efforts by staff. Additionally, the Portfolio Preservation Plan provides a set of strategies to promote the recapitalization of aging properties within Florida Housing’s portfolio while also providing prioritization guidance based on general criteria and property risk factors in a matrix format. The use of the prioritization matrix continues to serve as an effective approach for Florida Housing’s programs to assess, develop, and prioritize Florida Housing’s portfolio preservation efforts.

With the State’s increased investment in new construction through additional financial commitments in the Live Local Act, and a statutory update to the State’s Housing Strategy, the emphasis on the Preservation of existing affordable housing plays a critical role in the affordable housing needs of the State.