and multifamily developments that participate in the funding programs of
Florida Housing Finance Corporation must meet a variety of income and rent
requirements as determined by the FHFC program used to finance the development.
Affordability is defined in terms of the income of the people living in the
home. The family must be income eligible in terms of area median income (AMI),
adjusted to family size.
Extremely Low Income – AMI Levels
Rule Chapter 67-48.002, F.A.C, governing
Florida Housing’s Tax Credit program, provides the following definitions:
“ELI Household” or “Extremely Low Income Household” means a household of one or
more persons wherein the annual adjusted gross income for the Family is equal
to or below the percentage of area median income.
“ELI Persons” or “Extremely Low Income Persons” means extremely low income
persons as defined in Section 420.0004(9), F.S., or in a competitive
“ELI Set-Aside” or “Extremely Low Income Set-Aside” means the number of units
designated to serve ELI Households.
Request for Applications will provide directions for applying the correct area
median income for the ELI households to be served in the Development.
The updated ELI amounts for each county can
be found at the following link:
ELI County Chart for Florida Housing Programs
Multifamily Program Income
link below is for the Florida Housing Finance Corporation’s Multifamily
Programs, and is also used by the Corporation’s State Housing Initiatives
Partnership (SHIP). The area median income for the states’ cities and counties
are shown here as well:
Ø Income limits
Florida Housing Program Rent Limits
The link below lists
the Maximum Rents that can be charged by developments participating in Florida
Housing programs (excluding HOME and SHIP).