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Florida Housing Applauds Governor DeSantis’ Allocation of Federal Relief Dollars to Help Households Impacted by COVID-19

Published on June 25, 2020 by Florida Housing Finance Corporation
Florida Housing Applauds Governor DeSantis’ Allocation of  Federal Relief Dollars to Help Households Impacted by COVID-19

TALLAHASSEE, FL – Today, Governor Ron DeSantis announced he will be awarding the Florida Housing Finance Corporation (Florida Housing) $250 million from the Coronavirus Aid, Relief and Economic Security (CARES) Act relief funding to assist with administering housing assistance and resources for households in Florida impacted by the pandemic.

“Florida Housing is grateful for the Governor’s strong support of housing and the programs proposed to give renters and homeowners impacted by COVID-19 the relief they desperately need,” said Trey Price, Executive Director of Florida Housing Finance Corporation. “The Governor and Florida Housing stand together in guaranteeing Florida households stay a priority, and ensuring families have the necessary assistance and tools in place to remain in their homes affordably during this public health emergency.”

Below is the housing funding breakdown:

Allocation Program Assistance Program Details
$120 Million Rental Assistance for Affordable Rental Housing Residents in Florida Housing funded developments The rental assistance will be available to help pay a household’s rent for eligible months from July through December 2020. The household may be eligible for assistance to pay rent arrearages.
$120 Million Rent and Mortgage Assistance Funds will be administered in local jurisdictions and used for rental and homeowner assistance programs.
$2 Million Operations Assistance for Special Needs Developments A one-time allocation to assist with past and future costs in serving special needs and homeless households residing in the supportive housing developments.

As Florida Housing continues to be committed to the health and well-being of all Floridians, we have compiled a list of resources with relevant information for homeowners, renters, residents, developers, apartment owners, management companies, participating lenders, Realtors and local housing administrators regarding COVID-19.  Find more information on Florida Housing’s response to COVID-19 by clicking here.

President Donald Trump signed the $2 trillion CARES Act into law in March 2020, with Florida receiving more than $8.3 billion for assistance.  For more information on Florida Housing, please visit www.floridahousing.org.

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Florida Housing was created by the Legislature 40 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for the citizens of Florida.