$5.0M
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
State Apartment Incentive Loans (SAIL) providing low-interest gap financing for affordable multifamily rental developments serving very-low-income households in Florida, often combined with federal LIHTC.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Development must include units affordable to households at or below 60% AMI
2.At least 20% of units must be for households at or below 30% AMI
3.SAIL funds used as gap financing alongside LIHTC equity
4.Loan terms: 30 years at 0–3% interest depending on affordability levels
5.Annual competitive application through FHFC's Universal Cycle
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