SAIL Loan Payment Planned for Lakeside Park I

The Housing Authority of Avon Park reviewed the SAIL loan #2008-01-06R with Florida Housing Finance Corp for Lakeside Park I, originally $760,000 at 0% interest. The agenda proposes approval of a $38,000 payment by August 29, 2026, positioning the remaining $190,000 balance for forgiveness upon successful completion of the 15-year compliance period.

Scope & details

The full contract record, as filed.

Contract amount

$760,000 original; $228,000 current balance; $38,000 payment; $190,000 forgivable balance

Contract type

FINANCIAL_SERVICES

Contract term

August 29, 2011 – August 29, 2026 compliance period (15 years)

Renewal date

2026-08-29

Renewal

Loan bears 0% interest as long as occupancy standards (minimum 80% ELI unit occupancy) are maintained during the 15-year compliance period; remaining $190,000 is forgivable at end of term if compliance is met. No renewal beyond satisfaction/forgiveness is indicated.

Document type

AgendaPacket

Source document

Housing Authority of Avon Park AgendaPacket Regular Meeting 2026-07-21

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Palm Beach County Housing Authority Meeting Minutes July 2025

DISCUSSSED

PALM BEACH county HOUSING AUTHORITY, FloridaJul 22, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority Of Avon Park?

Florida Housing Finance Corp was awarded this financial services contract by Housing Authority Of Avon Park, as recorded on July 21, 2026. The contract value is $760,000 original; $228,000 current balance; $38,000 payment; $190,000 forgivable balance.

How much is the Florida Housing Finance Corp contract with Housing Authority Of Avon Park worth?

The Florida Housing Finance Corp contract with Housing Authority Of Avon Park is valued at $760,000 original; $228,000 current balance; $38,000 payment; $190,000 forgivable balance, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Housing Authority of Avon Park AgendaPacket Regular Meeting 2026-07-21 (AgendaPacket), dated July 21, 2026 from Housing Authority Of Avon Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Florida Housing Finance Corp hold?

Florida Housing Finance Corp 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 Housing Authority Of Avon Park currently buying?

Explore Housing Authority Of Avon Park's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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