Florida Housing Finance Corporation Awards Financial Services Contract to Royal American Development (October 2025)

Florida Housing staff backed extending the SAIL and ELI firm loan commitment deadline for Royal American Development’s Citadelle Village project from August 4, 2019 to January 31, 2020. The waiver supports a financing package that includes $3.6 million SAIL, $600,000 ELI, $12.05 million in bonds, and 4% housing credits.

Scope & details

The full contract record, as filed.

Contract amount

SAIL: $3,600,000; ELI: $600,000; Annual 4% HC: $754,301; MMRB: $12,050,000

Contract type

FINANCIAL_SERVICES

Renewal date

2020-01-31

Renewal

Firm loan commitment issuance deadline previously extended by six months; current waiver further extends it to January 31, 2020.

Document type

Minutes

Source document

florida_housing_finance_corporation_board_meeting.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Florida Housing Finance Corporation?

Royal American Development was awarded this financial services contract by Florida Housing Finance Corporation, as recorded on October 24, 2025. The contract value is SAIL: $3,600,000; ELI: $600,000; Annual 4% HC: $754,301; MMRB: $12,050,000.

How much is the Royal American Development contract with Florida Housing Finance Corporation worth?

The Royal American Development contract with Florida Housing Finance Corporation is valued at SAIL: $3,600,000; ELI: $600,000; Annual 4% HC: $754,301; MMRB: $12,050,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in florida_housing_finance_corporation_board_meeting.pdf (Minutes), dated October 24, 2025 from Florida Housing Finance Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal American Development hold?

Royal American Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Florida Housing Finance Corporation currently buying?

Explore Florida Housing Finance Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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