FINANCIAL_SERVICESEXTENDED

Florida Housing Finance Corporation AgendaPacket Consent Items 2026-06-26

Summit Villas senior housing deadline extended

MMRB $15,000,000; SAIL $7,600,000; HC-4% $1,367,931; HOME-ARP $779,100; ELI $547,200Florida Housing Finance CorporationSUMMIT VILLAS SENIOR LLLPJune 23, 2026

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Description

The Board is asked to grant Summit Villas Senior, LLLP a waiver extending its firm loan commitment deadline for the Summit Villas project to December 31, 2026. The action preserves a mix of bond, SAIL, HOME-ARP, and ELI funding for the 80‑unit senior development in Hernando County.

Contract Details

Contract Amount

MMRB $15,000,000; SAIL $7,600,000; HC-4% $1,367,931; HOME-ARP $779,100; ELI $547,200

Vendor

SUMMIT VILLAS SENIOR LLLP

Agency

Florida Housing Finance Corporation, FL

Contract Type

FINANCIAL_SERVICES

Document Date

June 23, 2026

Contract Term

Firm loan commitment deadline extended from May 18, 2026 to December 31, 2026

Renewal Date

2026-12-31

Renewal Info

Applicant invited into credit underwriting November 18, 2024; initial deadline November 18, 2025 was extended six months to May 18, 2026. Current waiver provides an additional seven‑month extension to year‑end 2026.