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Find similar grantsFlorida Housing Finance Corporation (FHFC) State Housing Initiatives Partnership (SHIP) Program is sponsored by Florida Housing Finance Corporation. Provides funding to local governments for affordable housing projects and programs.
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SHIP - State Housing Initiatives Partnership Program State Housing Initiatives Partnership (SHIP) How to contact a local SHIP Office Disaster Relief Resources and Information Current Local Government Housing Assistance Plans Florida Housing administers the State Housing Initiatives Partnership program (SHIP), which provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing.
The program is designed to serve very low-, low- and moderate-income families. SHIP funds are distributed to all 67 counties and 55 cities in Florida. The minimum allocation is $350,000 per county.
In order to participate, local governments must establish a local housing assistance program and a local housing assistance plan (LHAP).
SHIP funds may be used for: Down payment/mortgage assistance and closing cost assistance Construction and gap financing, Acquisition of property for affordable housing Tenant Assistance (rent, deposits) Matching dollars for federal housing grants and programs Program Set-aside Requirements: A minimum of 65 percent of the funds must be spent on eligible homeownership activities A minimum of 75 percent of funds must be spent on eligible construction activities At least 30 percent of the funds must be reserved for very-low income households (up to 50 percent of the area median income or AMI) An additional 30 percent must be reserved for low income households (up to 80 percent of AMI); The remaining funds may be reserved for households up to 140 percent of AMI.
No more than 10 percent of SHIP funds may be used for administrative expenses. Funding for this program was established by the passage of the 1992 William E. Sadowski Affordable Housing Act.
Funds are allocated to local governments on a population-based formula. Local Housing Assistance Plans Disaster Relief Resources and Information SHIP Review Committee Meetings Affordable Housing Study Commission Mortgage Credit Certificate Property Owners & Managers Requests for Applications Report Fraud Waste or Abuse Florida Housing Finance Corporation 227 N. Bronough Street, Suite 5000 Tallahassee, Florida 32301 FloridaHousingSearch.
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According to the current listing, eligibility includes: Local governments in Florida. Confirm the full requirements in the official notice before applying.
Florida Housing Finance Corporation (FHFC) State Housing Initiatives Partnership (SHIP) Program is funded by Florida Housing Finance Corporation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Florida. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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