Introduction
Miami-Dade County Department of Housing and Community Development (HCD) is soliciting applications under a competitive Request for Application (RFA) process for gap financing to support the development and preservation of affordable and workforce units to increase the supply of rental housing across the County. Funds awarded under this RFA are to be used for approved development activities and are funded with Documentary Stamp Surtax (Surtax), State Housing Initiatives Partnership (SHIP), and Home Investment Partnerships (HOME) funds.
This FY 2026 Surtax/SHIP/HOME RFA is seeking proposals to address unmet needs in affordable housing including multifamily rental housing countywide, rental rehabilitation, elderly, public housing/rental assistance demonstration (RAD), faith-based and small developments. HOME funds may be used in conjunction with Surtax and/or SHIP sources for all categories. Projects located in participating jurisdictions may apply for HOME funding; however, the participating jurisdictions must commit funding to the proposed projects. Both for-profit and not-for- profit Developers are encouraged to participate.
For purposes of this RFA, gap financing:
- Limited to $5,000,000.00 per Application/project.
- There is a maximum allocation cap of $10,000,000.00 per Developer.
- The gap cannot represent more than 25% of the total project cost.
Deferred Developer Fee is not considered a gap.
Under this 2026 Surtax/SHIP/HOME RFA, HCD is not accepting applications for proposed projects financed with 9% Low Income Housing Tax Credits (LIHTC).
