There are many local and federal funding opportunities available; below are links to current affordable housing funding programs.
Purchase Assistance and Minor Home Repair Funds Available
- City of Coral Springs
The City of Coral Springs Neighborhood Stabilization Program 3 (NSP3) application package is now available. Funds are available for low-income applicants only (0-50% of Area Median Income). For additional information, please call Ms. Vickki Placide, Community Development Coordinator at(954) 344-5910. Click here to review the application and submittal procedures.
- City of Lauderhill
The City of Laudehill expend funds for the First-Time Homebuyer-Purchase Assistance Program as a loan to qualified persons for down payment and closing cost. The funds are awarded on a first-come, as-needed basis; to the extend funds are available. Click here to review the application and submittal procedures.
Local and Federal Resources
- Broward Alliance for Neighborhood Development (BAND) and the Community Redevelopment Associates (CRA) of Florida, Inc. will administer a 1 year program to provide mitigation and hardening improvements to residents that are below 80% of the medium income. Approximately $2 million is available. Click here to review the application and submittal procedures.
- Broward County and the fifteen (15) entitlement communities receive federal funds annually from the U.S. Department of Housing and Urban Development (HUD) for the Community Development Block Grant (CDBG) Program and HOME Investment Partnership (HOME) Program. To obtain additional information on local funding opportunities that may be administered by a particular Broward City or Broward County's Housing Finance and Community Development Division, click here to view the consolidated plans and/or annual action plans.
- The Florida Community Loan Fund (FCLF) is a non-profit, certified, Community Development Financial Institution (CDFI). They provide capital and technical assistance to qualifying non-profit organizations that deal with affordable housing, economic development and essential social services in the urban and rural low-income communities throughout Florida. See attached list of projects financed by FCLF throughout Florida that help serve and/or prevent homelessness.
- Florida Housing Finance Corporation is one of the most important financing providers for development of affordable housing in Florida. Applicants interested in applying for funding for the construction or rehabilitation of affordable rental housing through the following programs (Housing Credits, Multifamily Mortgage Revenue Bonds, and HOME Investment Partnership Program) can do so through the Florida Housing Finance Corporation Universal Application Cycle when it becomes available.
- Green Refinance Plus is a program offered by U.S. Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Fannie Mae which allows owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.
- The Housing Finance Authority of Broward County, Florida (HFA) provides tax exempt and taxable financing
for the acquisition, construction, and/or rehabilitation of multi-family rental housing projects.
- Mercy Loan Fund is a 501 (c)(3) nonprofit corporation and was created to provide financing for quality affordable housing. They help finance single family homes and multi-family rental homes for low-income individuals and families, the working poor, seniors, farm workers, formerly homeless individuals and people with special needs.
- National Housing Trust Fund (NHTF) is an affordable housing production program that complements existing Federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including homeless families.
- The Weatherization Assistance Program (WAP) annually provides grant funds to community action agencies, local governments, Indian tribes and non-profit agencies to provide specific program services for low-income families of Florida. These entities provide program services throughout the state.
Other Funding Resources
90 Federal Programs to Provide Affordable Housing
– The Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) provide federal grants to low-income property owners and eligible mortgagors who provide housing for persons of low to moderate income. Once you have identified a potential granting agency, call the contact telephone number shown in "Information Contacts" section of the program description and request a grant application kit.
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