FL Housing Bond Program

The Florida Housing Bond Program is designed to help provide affordable housing options for low- and moderate-income individuals and families in Florida. It primarily does this by offering financing options to developers and builders who create affordable housing projects. The program may involve issuing tax-exempt bonds, which can lower borrowing costs and make it easier to develop or rehabilitate properties.

In addition to supporting developers, the program can also help first-time homebuyers through down payment assistance and favorable mortgage terms. Overall, it aims to increase the availability of affordable housing throughout the state.

The FL Housing Bond Program offers a $10,000 bond for down payment assistance to qualified first-time homebuyers who have not owned a home as a primary residence in the last three years and to veterans or active military service.

Program Highlights

• FHA, VA, USDA and FNMA loan options
• Maximum DTI is 50%
• Income limits are determined by household size and
county where property is located.
• All household income is considered (persons 18 and
older living in the household).
• Co-signer income is not considered in the household
income calculation, but will be considered for qualifying.

First Time Homebuyer Eligibility

Borrowers must provide three (3) years tax returns for all
household members (including non-borrowing spouse)
OR a Verification of Rent if no tax returns are available
(including spouse’s to verify status).