Sadowski Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The William E. Sadowski Act was enacted in 1992 to create a dedicated source of state revenue for affordable housing programs. The funds are intended to support key state programs including the State Housing Initiatives Partnership (SHIP), which receives approximately two-thirds of the funding, the State Apartment Incentive Loan (SAIL) Program, which receives about 20% of the funding, and other programs, such as the state's Predevelopment Loan Program and the Homeownership Assistance Program (HAP). Each of these programs has specific requirements. Based on a triennial needs study, SAIL funds must be allocated to small, medium, and large counties based on population, as well as housing for specific demographic populations, such as residents who are homeless or have special needs.
The Sadowski housing programs are funded by a documentary stamp tax paid on all real estate transactions. In total, 70% of funds are directed into the Local Government Housing Trust Fund and 30% goes to the State Housing Trust Fund. In calendar year 2015, SHIP received $101 million, Challenge Grants and technical assistance for Continuums of Care received $4 million, SAIL received $48 million, Developmental Disabilities Targeted Grants for Rental Housing was funded at $10 million, and an additional $12 million was appropriated for affordable housing programs to be allocated by the Florida Housing Finance Corporation.