Past Issues | Advertise | | Multifamily FLORIDA archive June 2019

Governor Signs State Budget with $192.6 Million in Affordable Housing Funds

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The budget for fiscal year 2019-2020 provides $192.6 million for Florida's affordable housing programs, which is $68.9 million more than last year's budget. The only change with regard to affordable housing funding from the budget that was passed by the House and Senate is that the governor vetoed a line item that would have provided $8 million in additional funds for Jacksonville's Urban Core Workforce Housing project.
Affordable housing allocations include:
     •  $115 million for affordable housing initiatives in Hurricane Michael impacted areas.
     •  $77.6 million for affordable housing initiatives statewide, which includes funding for the State Housing Initiatives Partnership (SHIP) Program and the State Apartment Incentive Loan (SAIL) Program.

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