Funding Sources

U. S. Department of Housing & Urban Development (HUD)

Community Development Block Grant (CDBG)

The CDBG program is authorized under Title 1 of the Housing and Community Development Act of 1974, Public Law 93-383, as amended. It is a flexible program that provides communities with resources to address a wide range of unique community development needs.

The program is one of the longest continuously run programs at HUD. The primary objective of the program, as set forth by Congress, is the development of viable urban communities by providing decent housing, a suitable living environment and expanding economic opportunities principally for low-income persons.

Home Investment Partnerships (HOME)

The HOME program was created by the National Affordable Housing Act of 1990 (NAHA). The objectives of the program are to:

• Provide decent, affordable housing to low-income households
• Expand the capacity of nonprofit housing providers
• Strengthen the ability of state and local governments to provide housing
• Leverage private-sector participation

Florida Housing Finance Corporation (FHFC)

State Housing Initiatives Partnership (SHIP)

The SHIP program was established by the passage of the 1992 William E. Sadowski Affordable Housing Act. Funds are allocated to local governments each month on a population-based formula. These funds are derived from the collection of documentary stamp tax revenues, which are deposited into the Local Government Housing Trust Fund.

Total actual disbursements are dependent upon these documentary stamp collections. Florida Housing administers the program, which provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing.