Florida Housing Finance Corporation Information Items Report May 2026
Citibank Term Loan Restructures Guarantee Program Debt
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Description
Florida Housing’s Guarantee Program refinanced $156.2 million of its debt into a Citibank term loan during the 2008 liquidity crisis, eliminating $89 million in obligations. The loan was fully repaid by 2012, leaving the Guarantee Fund debt-free.
Contract Details
Contract Amount
$156.2 million term loan (part of $245.2 million restructured debt)
Vendor
CITIBANK
Agency
Florida Housing Finance Corporation, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 26, 2026
Contract Term
Refinanced during 2008 global liquidity crisis; fully repaid by 2012
Renewal Date
2012-12-31
Renewal Info
Legacy refinancing completed; no further renewals noted, and the loan has been fully repaid.
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ONGOINGIssuing Agency
Florida Housing Finance Corporation
State Housing Authority
Tallahassee, FL
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