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Comprehensive Overview of SAIL
February 18, 2021 - 2:00 pm - 3:30 pm
The State Apartment Incentive Loan Program, created by the State of Florida, has been a national model for providing gap financing for affordable apartments since it was created over 30 years ago. This training will explain how the program works in conjunction with bonds and other funding and within the framework of developing or rehabilitating affordable rental housing, what type of projects are eligible for SAIL funding, how application is made, and what to expect after receiving SAIL funding. Also included is an explanation of the set-asides in the SAIL program, including the newly created set-aside for youth aging out of foster care.