FINANCIAL_SERVICESAMENDED

florida_housing_finance_corporation_board_meeting.pdf

Waivers for Banyan East Town credit exchange and LPA

$1,700,000 9% Housing Credits; $500,000 CHIRP Housing CreditsFlorida Housing Finance CorporationBDG BANYAN EAST TOWN LLCOctober 24, 2025

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Description

Florida Housing Finance Corporation staff recommends approving BDG Banyan East Town, LLC’s petition to allow an early housing credit exchange and extend the limited partnership agreement closing deadline to July 21, 2023. The waiver supports timeline adjustments for the 92-unit Banyan East Town Apartments while maintaining its $2.2 million tax credit package.

Contract Details

Contract Amount

$1,700,000 9% Housing Credits; $500,000 CHIRP Housing Credits

Vendor

BDG BANYAN EAST TOWN LLC

Agency

Florida Housing Finance Corporation, FL

Contract Type

FINANCIAL_SERVICES

Document Date

October 24, 2025

Renewal Date

2023-07-21

Renewal Info

Action would advance timing for credit exchange and extend LPA closing beyond prior global CHIRP deadlines; placed-in-service deadline effectively moves from 2024 to 2025 allocation year.