The Florida Housing Finance Corporation invites all qualified Applicants to submit proposals for consideration in accordance with the terms and conditions set forth in Request for Proposals 2011-05.

This Request for Proposal is open to Applicants where the Applicant’s development has a mortgage note guaranteed by the Florida Affordable Housing Guarantee Program which closed by 09/30/2003 and the Applicant commits to provide additional ELI Set-Aside units.

Florida Housing is soliciting sealed proposals from qualified Applicants that commit to set aside additional units for ELI Households by converting units at or above the 50 percent Area Median Income (AMI) committed to in their LURA or EUA down to the ELI AMI level so that the total ELI set-aside is less than or equal to 25 percent of the total units in the proposed Development in accordance with the terms and conditions of this RFP, applicable laws, rules, and regulations, and Florida Housing’s generally applicable construction and financial standards.

Florida Housing anticipates that approximately $28,660,000 in State Apartment Incentive Loan (SAIL) funding, plus any available SAIL payments, SAIL de-obligations, and SAIL investment income will be available as loans under this RFP.

Proposals shall be accepted until 2:00 p.m., Eastern Time, on Tuesday, November 9, 2011, to the Attention: Sherry Green, Contracts Administrator, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329.

For questions or additional information, please contact: Sherry Green, (850)488-4197 or sherry.green@floridahousing.org. To obtain a copy of the Request for Proposals, which outlines selection criteria and applicant’s responsibilities, please submit your request to the attention of Sherry Green, or you can download the Request for Proposals from the Florida Housing Finance Corporation web site: http://apps.floridahousing.org/StandAlone/FHFC_ECM/AppPage_LegalRFPs.aspx.

Any modifications that occur to the Request for Proposals will be posted at the web site and may result in an extension of the deadline.