florida_housing_finance_corporation_board_meeting.pdf
Innovare Project Approved to Shift to Mid-Rise Design
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Description
Florida Housing approved Volunteers of America of Florida Inc and co-developer Lincoln Park LLC’s waiver request to modify the Innovare project in Pinellas County from garden apartments to mid-rise 5–6 story buildings. The project remains supported by $1.17 million in 9% housing credits, a $3.5 million SAIL loan, and $205,600 in ELI funds.
Contract Details
Contract Amount
$1,165,367 9% HC; $3,500,000 SAIL; $205,600 ELI
Vendor
VOLUNTEERS OF AMERICA OF FLORIDA INC
Agency
Florida Housing Finance Corporation, FL
Contract Type
FINANCIAL_SERVICES
Document Date
October 24, 2025
Renewal Info
Waiver of Rule 67-48.004(3)(g) permits use of Mid-Rise TDC per-unit limits while keeping the developer fee portion at Garden Apartment limits.
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Related Contracts
Issuing Agency
Florida Housing Finance Corporation
State Housing Authority
Tallahassee, FL
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