State Housing Initiatives Partnership (SHIP) Program Information

Home Ownership Pool (HOP)

State Apartment Incentive Loan (SAIL)

Housing Tax Credits (HTC) for Multi-Family New Construction

For more information visit the Florida Housing Finance Corporation web site

The State Housing Initiatives Partnership (SHIP) Program provides funds collected from local documentary stamp revenues. Eligible applicants (non-profit and for profit agencies) may use the money for any of the following as incentives to produce and/or preserve affordable home ownership and multifamily rental housing:

• acquisition
• rehabilitation
• down payment assistance
• housing repair
• foreclosure intervention
• new construction
• disaster mitigation/recovery

City of Tampa Local Housing Assistance Plan 2007-2010  (PDF)

Exhibits (PDF)

LHAP Amendment November 2007 (PDF)

LHAP Amendment March 2009 (PDF)

LHAP Amendment July 2009 (PDF)

City of Tampa Local Housing Assistance Plan 2010-2013  (PDF)

Other program facts:
 

• A minimum of 65% of funds must be spent on eligible home ownership activities.
• A minimum of 75% of funds must be spent on eligible construction activities.
• At least 30% of the funds must be reserved for very-low-income households (up to 50% of median income).
• An additional 30% of the funds may be reserved for low-income households (up to 80% of median income).
• Remaining funds may be reserved for moderate-income households (up to120% of median income).
• Funds may not be used to assist mobile or manufactured homes with the a limited exception.

Loan/Grant Terms:
 

• Terms are dependent on the project specifics.
• Terms may be amortized up to 40 years.
• Terms may have a simple interest rate of 0% - 4%
• For rental units, the owner must agree to set aside units for affordable housing according to the specified agreement terms.
• The maximum purchase price cannot exceed 95 percent of area median purchase price.

Application Process:

Request for Proposals (RFP's) will be published in annually. If interested in receiving notification of RFP's please contact us.
Please note: The Hillsborough County Affordable Housing Office has a separate SHIP program for Affordable Housing.
Additional information will be provides as it is updated.