Housing Finance Authority: May 2026

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