Housing Finance Authority
Alachua County
Latest meetings
Agenda (PDF)
The Alachua County Housing Finance Authority is issuing $19,000,000 in Multifamily Housing Revenue Bonds (Fannie Mae MBS-Secured) (Carver Gardens), Series 2026. The bonds will finance the acquisition, rehabilitation, and equipping of a 100-unit multifamily rental housing development known as Carver Gardens Apartments. The project is located at 1101 SE 15th Street, Gainesville, FL 32641. The borrower is Standard Carver Venture LP. The project is intended to be a qualified residential rental project and will be operated as Rental Housing, with a portion of units set aside for low and moderate-income persons. The financing involves a mortgage loan from Regions Bank and tax credit equity from RAH Investor 468 LLC and Sterling Corporate Services LLC. The project is subject to a Land Use Restriction Agreement and a Fannie Mae Rider. The bonds are limited obligations of the Issuer, payable solely from the Trust Estate. The underwriting is being handled by Raymond James & Associates, Inc. The project is expected to be placed in service in accordance with the Indenture of Trust.
- Board:
- Housing Finance Authority
- Date:
- 2026-07-15
- Type:
- Agenda
- Decision:
- Bonds authorized and to be issued
- Address:
- 1101 SE 15th Street, Gainesville, FL 32641
- Applicant:
- Standard Carver Venture LP
Agenda (PDF)
The Alachua County Housing Finance Authority met on June 17, 2026. The agenda included two main items: the Carver Gardens Update and the Legacy Community Development Proposal Presentations. The Carver Gardens Update was presented on pages 4-8, detailing a project at 1101 SE 15th Street, Gainesville, FL 32641, involving 100 units, a $19.0M transaction summary, and planned renovations of approximately $12.5M. The Legacy Community Development Proposal Presentations, detailed on pages 12-37, concern a 13.11-acre site at SE 8th Avenue & SE 15th Street, Gainesville, FL 32641. This project, proposed by Ero Integrations LLC (DBA PLAD Homes), aims to create a mixed-income workforce neighborhood with 146 modular homes, including single-family, stacked duplexes, and multifamily units. The proposal requests land conveyance of the 13.11 acres at no cost and $2.18M in Surtax support for infrastructure. The meeting minutes from May 20, 2026, on pages 3-4, show that the Authority approved the agenda and previous meeting minutes, and discussed the Florida Workforce Housing Council Presentation and a Plan of Finance Resolution and TEFRA. Public comments were not explicitly detailed in the provided agenda or minutes.
- Board:
- Housing Finance Authority
- Date:
- 2026-06-17
- Type:
- Agenda
- Decision:
- The agenda items were presented. No final decision is stated in the provided documents for the June 17, 2026 meeting.
- Address:
- 1101 SE 15th Street, Gainesville, FL 32641 (Carver Gardens); SE 8th Avenue & SE 15th Street, Gainesville, FL 32641 (Legacy Community Development)
- Applicant:
- Standard Communities (Carver Gardens); Ero Integrations LLC (DBA PLAD Homes) (Legacy Community Development)
Agenda (PDF)
The Alachua County Housing Finance Authority (HFA) is approving a plan of finance for the issuance of single family mortgage revenue bonds, not to exceed $50,000,000, to purchase federally insured or guaranteed mortgage loans for owner-occupied single-family residences for low, moderate, or middle-income individuals and families. This plan also includes the potential use of state-awarded private activity bond allocation for mortgage credit certificate programs or multifamily carry forward. The Board of County Commissioners of Alachua County will also approve this plan. The document also outlines proposed uses of funding from the Housing Trust Fund and Infrastructure Sales Tax, including support for Community Resource Centers, Sunrise Inn Construction and Renovation, Partners in Housing Initiative, and the construction of Tiny Home Containers Homes. Additionally, it details the use of up to $150,000 from the Housing Trust Fund for the Alachua County Heirs Project. The Florida Workforce Housing Council (FWHC) is being established as a governmental entity to increase the supply of high-quality residential housing for families making 80% to 120% of AMI, with units legally restricted to affordable levels. The FWHC structure involves a Program Administrator (Plenary) and founding members like the City of Moore Haven and CaPFA. The plan emphasizes that the bonds will be secured solely by the financed property, with no recourse to the County or FWHC members. Public benefits include dedicating units to the workforce, creating workforce housing without public subsidies, and the County receiving excess NOI and eventually clear title to the property. The document also includes a notice of public hearing for the proposed plan of financing.
- Board:
- Housing Finance Authority
- Date:
- 2026-05-20
- Type:
- Agenda
- Decision:
- Approved (Plan of Finance and Issuance of Bonds)
- Address:
- 12 SE 1 Street, Gainesville, FL 32601 (County Administration Building - Grace Knight Conference Room)
- Applicant:
- Alachua County Housing Finance Authority
Agenda (PDF)
Housing Finance Authority meeting on April 15, 2026, at 3:00 pm. The agenda includes approval of the agenda and minutes from March 25, 2026. Old business involves property updates for Royal Park Seniors (Banyan Development) and Oakview (J.E. Properties). New business includes a discussion on Heirs Property for Affordable Housing Trust Funds. The next meeting is scheduled for May 20, 2026. The meeting also covers public comments, county staff updates, and member's comments, concluding with adjournment. The March 25, 2026 meeting minutes are also provided, detailing the approval of the agenda and January 21, 2026 meeting minutes. New business focused on changes to the annual Housing Plan, specifically using IST funds for an Affordable Home Development Project (Container Homes) on the Forest Edge property. This project involves building 29 homes, with $78,000 approved and a need for $1.4 million, costing approximately $61,000 per home. AHAC recommended asking for $1.5 million, with site work from general funds. The total project cost is estimated at $2.3 million and requires soliciting a vendor and putting the project out for bids. The motion to recommend staff use $1.5 million IST Funds for this project was approved unanimously. County staff updates included information on AMI targets, ribbon cuttings, LHAP finalization, extended Legacy deadline, HUD roundtable, Summit on Homelessness, new staff hires, streamlining processes, and discussions on setting aside money for applications not acted upon within 3 years. There was also mention of working with the City on a joint AHAC meeting regarding YIGBY and investigating a Tiny Home Resort in Williston. Member's comments inquired about Carver Gardens, Harbor Cove, and Eden Park, with updates on applications, eviction prevention, and LURA status.
- Board:
- Housing Finance Authority
- Date:
- 2026-04-15
- Type:
- Agenda
- Decision:
- Approved unanimously (for the $1.5 million IST Funds for Affordable Home Development Project)
- Address:
- 218 SE 24th Street, Gainesville, FL 32641
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