Florida Housing Corporation

What Florida Housing Corporation does

Florida Housing Finance Corporation is a state-chartered housing finance agency created by the Florida State Legislature over 40 years ago to expand affordable housing opportunities for Florida residents. The corporation administers a portfolio of multifamily development financing programs (Multifamily Mortgage Revenue Bonds, 4% and 9% Low-Income Housing Tax Credits, State Apartment Incentive Loan, HOME Investment Partnerships, National Housing Trust Fund, Elderly Housing Community Loan), homeownership products (BOND first mortgage program, Mortgage Credit Certificates, Hometown Heroes for essential workers, SHIP down payment assistance), foreclosure-prevention initiatives (Hardest Hit Fund), and specialized programs for veterans, the elderly, and persons with developmental disabilities.

Its core technology platform is FloridaHousingSearch.org, a free rental-locator service that connects consumers to vacancies in Florida Housing-funded developments and that, together with program-specific LISTSERV distribution lists aggregating roughly 7,400 subscribers across realtor, multifamily, SHIP, special-needs, and communications segments, forms the corporation's primary digital surface. Supplementary offerings include the Catalyst predevelopment program, predevelopment loans, a Recapture Tax Reimbursement Plan, compliance guidebooks, and training workshops for property owners and managers.

The business model does not generate traditional commercial revenue. Instead, the corporation funds its first mortgage programs through the sale of tax-exempt mortgage revenue bonds to investors, allocates federal Low-Income Housing Tax Credits to developers via competitive and non-competitive applications, and distributes state appropriations (including documentary stamp tax revenue channeled through SHIP) and federal block grants. Pricing of loans is determined by prevailing market rates and statutory income-eligibility requirements rather than commercial pricing. The corporation serves four primary end-user groups — homebuyers, renters, current homeowners, and multifamily developers — with secondary segments for special-needs populations and local-government partners, operating statewide across Florida's 67 counties from its Tallahassee headquarters.

Name

Florida Housing Corporation

Legal name

Florida Housing Finance Corporation

Website

https://floridahousing.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Florida Housing Finance Corporation is Florida's state-chartered housing finance agency, administering mortgage revenue bonds, Low-Income Housing Tax Credits, SAIL loans, and homeownership assistance programs to expand affordable rental and owner-occupied housing for residents statewide.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Real Estate Credit (522292)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

State & Local Housing Finance Agencies (HFAs) (FSALAKAA)

akta.pro secondary industries

Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

Keywords

• Affordable housing finance
• Mortgage revenue bonds
• Low-income housing tax credits
• Multifamily development loans
• Homebuyer down payment assistance

Headquarters

HQ city

Tallahassee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Mortgage Revenue Bonds: Florida Housing funds first mortgage loan programs through the sale of mortgage revenue bonds (MRBs) to investors, providing borrowers with competitive first mortgage rates and down payment assistance
2. Low-Income Housing Tax Credits: Federal tax credit program that provides equity capital for affordable housing developments through syndication to investors
3. State Apartment Incentive Loan (SAIL): State-funded loan program providing financing for affordable rental housing developments
4. Multifamily Mortgage Revenue Bonds: Tax-exempt bonds issued to fund multifamily rental housing developments

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Florida Housing Finance Corporation administers state and federal affordable housing finance programs for Florida, allocating mortgage revenue bonds, Low-Income Housing Tax Credits, State Apartment Incentive Loans, HOME Investment Partnerships, and SHIP funding to multifamily developers, and providing first mortgage loans, down payment assistance, Mortgage Credit Certificates, and the Florida Hometown Heroes Housing Program to homebuyers. It also delivers foreclosure prevention assistance through the Hardest-Hit Fund and operates FloridaHousingSearch.org as a free rental housing locator.

Product overview

Florida Housing Finance Corporation operates as Florida's state housing finance agency offering a comprehensive portfolio of affordable housing programs. The organization administers rental development financing through programs like Multifamily Programs (competitive and non-competitive), Multifamily Mortgage Revenue Bonds, Low Income Housing Tax Credits, State Apartment Incentive Loan, and the Live Local Act. For homebuyers, it provides first mortgage loans via its BOND program, Mortgage Credit Certificates, and the Florida Hometown Heroes Housing Program. The agency also manages the Florida Hardest-Hit Fund for foreclosure prevention and the SHIP Program for local government-administered housing assistance. Additionally, it operates FloridaHousingSearch.org as a free housing locator platform and provides Compliance Guidebooks and training workshops for property owners. The portfolio includes specialized programs for elderly housing, persons with developmental disabilities, and special needs populations.

Differentiator

Problem solved

Functional benefit

Brands

• Florida Hometown Heroes Housing Program: A homeownership assistance program for Florida's essential workers including first responders, healthcare professionals, educators, and military personnel.
• SHIP Program
• FloridaHousingSearch.org
• Live Local Act

Products and services

• Multifamily Rental Development Programs Funding and financing programs for developers building affordable multifamily rental housing, administered through competitive Requests for Applications (RFA) and non-competitive application processes, including underwriting and credit committee approvals.
• First Mortgage Loan Program (BOND) First mortgage loan program funded through the sale of mortgage revenue bonds (MRBs) to investors, providing competitive first mortgage rates and down payment assistance for eligible Florida homebuyers.
• Florida Hometown Heroes Housing Program Special homeownership assistance program providing down payment and closing cost assistance to Florida's essential workers including first responders, military personnel, nurses, and teachers.
• Florida Hardest-Hit Fund (HHF) Federal foreclosure prevention assistance program providing unemployment mortgage assistance, loan reinstatement payments, and down payment assistance for eligible homeowners in specified Florida counties.
• SHIP - State Housing Initiatives Partnership Program State program funded through local document stamp tax revenue that provides homeownership and rental assistance through local government administered programs.
• Low Income Housing Tax Credits Federal tax credit program administered at the state level to incentivize the development of affordable rental housing, providing equity capital through syndication to investors.
• State Apartment Incentive Loan (SAIL) State funding program providing gap financing for affordable rental housing developments.
• Multifamily Mortgage Revenue Bonds (MMRB) Tax-exempt bond financing issued by Florida Housing to fund multifamily rental housing developments.
• HOME Investment Partnerships Program Federal block grant program for affordable housing development and rehabilitation, including HOME-ARP funding for special needs populations.
• National Housing Trust Fund Federal fund for producing and preserving affordable housing for extremely low- and very low-income households.
• Elderly Housing Community Loan (EHCL) Loan program specifically designed for elderly housing community developments.
• Special Needs Housing Programs Housing programs and supportive services for persons with developmental disabilities and special needs populations.
• Live Local Act Programs Legislative programs to streamline regulations and increase housing supply, including the Live Local Corporate Tax Credit Program.
• Catalyst Program Special program offering predevelopment funding and support for affordable housing developers.
• Predevelopment Loan Program Loan program providing predevelopment capital to affordable housing developers.
• Homeownership Pool (HOP) Program Homebuyer loan program providing first mortgage loans, down payment assistance, and Mortgage Credit Certificates for first-time homebuyers.
• Recapture Tax Reimbursement Plan Reimbursement program for homeowners who owe Federal Recapture Tax when selling their home within nine years of purchase under the BOND program.
• Guarantee Program Guarantee program supporting multifamily housing financing.
• FloridaHousingSearch.org Free affordable housing locator service for developments to post vacancies and for consumers to find affordable rental units in Florida Housing funded developments.
• Compliance Training Workshops Training workshops conducted throughout Florida for owners and management personnel on affordable housing compliance requirements.

Quantifiable outcome

• 36% reduction in daily police calls within six months of ownership (Lauderhill Point rehabilitation)

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Housing Trust GroupcoreStrategic or Co-development Partner · 11 May 2026Housing Trust Group developing Normandy Cove, a 144-unit affordable housing community in Jacksonville, with financing including Low-Income Housing Tax Credit equity from Florida Housing, construction and permanent loans from TD Bank and Berkadia, plus gap funding from City of Jacksonville and Jacksonville Housing Finance Authority.
• Hope4Veterans Inc.coreStrategic or Co-development Partner · 11 May 2026Partnering with Housing Trust Group to provide supportive services including employment assistance, financial management, and specialized veteran programs at Normandy Cove.
• I.M. Sulzebacher Center for the HomelesscoreStrategic or Co-development Partner · 11 May 2026Partnering with Housing Trust Group to provide supportive services for veterans at Normandy Cove development.
• McDowell Housing PartnerscoreStrategic or Co-development Partner · 9 April 2026McDowell Housing Partners developing Ekos at Warrington, a 120-unit affordable housing community in Pensacola, Florida, with $10.3 million in State Apartment Incentive Loan and Extremely Low Income funding from Florida Housing, plus tax-exempt bonds and 4% Low-Income Housing Tax Credits.
• Hernando CountyminorStrategic or Co-development Partner · 30 January 2026Hernando County receiving approximately $1,468,462 in SHIP Program grant funds from Florida Housing for fiscal years 2025-2026 for Mandatory Septic to Sewer Conversion Project.
• Southward Village CNI Phase 2 DevelopmentcoreStrategic or Co-development Partner · 3 November 2025Florida Housing Finance Corp. issuing $36 million of revenue bonds to fund construction of Southward Village CNI Phase 2, a 151-unit rental development in Fort Myers.
• FairsteadcoreStrategic or Co-development Partner · 3 September 2025Fairstead completed $17.7 million rehabilitation of Lauderhill Point, a 176-unit affordable housing community in Lauderhill, Florida, acquired for $26.5 million with total investment costs of $68.7 million.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• California Housing Finance Agency (CalHFA): California's state housing finance agency, structurally analogous to Florida Housing Finance Corporation: operates first mortgage programs via bond issuance, allocates LIHTC and state gap financing, and administers federal pass-through housing programs for affordable rental and homeownership.
• New York State Homes and Community Renewal (HCR): New York's consolidated housing finance and community renewal agency, performing the same core functions as Florida Housing: administering low-income housing tax credits, multifamily and single-family bond financing, and state-funded affordable housing development programs.
• Pennsylvania Housing Finance Agency (PHFA): Pennsylvania's state housing finance agency with directly comparable product mix: HFA-issued mortgage revenue bonds, down payment assistance, LIHTC allocation, multifamily development financing, and special needs housing programs.
• Texas Department of Housing and Community Affairs (TDHCA): Texas's state housing finance and community development agency; comparable in administering LIHTC, multifamily bond programs, and statewide affordable rental/homeownership development financing within a single large state.
• Ohio Housing Finance Agency: Ohio's HFA, operating an analogous suite of programs including first mortgage HFA bonds, Mortgage Credit Certificates, LIHTC, multifamily financing, and homebuyer assistance - directly comparable in structure and scale to Florida Housing.
• Minnesota Housing: Minnesota's state housing finance agency; comparable multifamily bond financing, LIHTC allocation, homeownership programs, and special needs housing administration. Strongly analogous as a state-level HFA.
• Illinois Housing Development Authority (IHDA): Illinois's housing finance authority with the same core mandate: allocate federal LIHTC and HOME funds, issue multifamily bonds, and finance affordable rental and for-sale housing statewide.
• Massachusetts Housing Partnership: Massachusetts's state-chartered housing finance entity providing loans, LIHTC syndication, and technical assistance to affordable housing developers; same business model and developer counterparties as Florida Housing.

Broad incumbents

• Fannie Mae: Federal government-sponsored enterprise that purchases/securities mortgages originated through state HFAs including Florida Housing's BOND program; relevant as the upstream funder and standard-setter for HFA-issued MRBs.

Emerging players

• Housing Trust Group: Florida-based affordable housing developer that is a major counterparty to Florida Housing, having received LIHTC equity, SAIL, and bond financing for Normandy Cove and other Florida projects; comparable as a deal counterparty and customer rather than a financing peer.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Florida_Housing

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Florida Housing Corporation