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Multifamily Affordable Housing Program

Application Window Closed on Oct. 24, 2025

 

Applications open: 

Sept. 15 at 12 p.m. 

Applications due: 

Oct. 24 by 5 p.m.

Information sessions for interested organizations were held on the following dates:
 

  • Thursday, Sept. 18, 2025 from 1 to 2:30 p.m. at 301 N. Cattlemen Rd., Suite 200, Sarasota.

  • Wednesday, Sept. 24, 2025 from 2 to 3:30 p.m. (Virtual)

About the Program:

The Multifamily Affordable Housing Program has funding available to build or expand affordable housing in Sarasota County for low- and moderate- income¹ households following the 2024 storms Debby, Helene and Milton.

 

Available Funding: 

  • $30 million in federal disaster recovery funds (CDBG-DR)

Eligible Applicants: 

  • Nonprofit developers

  • For-profit developers

  • Sarasota County public entities

  • Public housing authorities

  • Nonprofit organizations

Multifamily (2024 storms) timeline.png

Projects Must: ​​

Propose five or more rental units where at least 51 percent are affordable², agree to a minimum affordability period of at least 20 years, be located in Sarasota County, be an eligible CDBG-DR activity³ and have secured or taken steps to secure underwriting and include mitigation measures⁴.

 

Projects Will be Evaluated by:

 

  • Financial plan

  • Leverage of funding

  • Project readiness

  • Project impact

  • Number of Affordable Units

  • Period of Affordability

  • Pre-Award Assessment​

 

Click here to view the complete scoring criteria.​​​

Steps and Project Selection:

 

  • Submit an application online (Note: Application Window Closed on Oct. 24, 2025).

  • The board decides which projects to select for funding.

  • The approved projects enter into an agreement with the county.

Information Session Recordings

Multifamily Virtual Information Session 9/24/25: Resilient SRQ Multifamily Affordable Housing
29:21
Multifamily In Person Information Session 9/18/25: Resilient SRQ Multifamily Affordable Housing
24:50

Additional Information and Definitions

 

1. Low- and moderate-income (LMI): Households earning less than 80% of Sarasota County’s area median income.

 

2. Affordable units: Those that meet affordability requirements as defined by the HOME Investment Partnerships Program (HOME) or as described in 24 CFR 92.252.

3. CDBG-DR activity: Rehabilitation, reconstruction and/or new construction of affordable multifamily housing projects.

 

4. Mitigation measures: All projects must assess whether elevation above the Base Flood Elevation is required and comply with applicable local, state and national building codes and regulations.

Logo for Resilient SRQ 2024 Storms Debby, Helene and Milton.
Sarasota County Logo

Find Us

301 N. Cattlemen Rd.

Suite 200 

Sarasota, FL 34232

Contact Us

Call 941-861-5309

TTY: 7-1-1 or 1-800-955-8771

Email: ResilientSRQ@scgov.net

Connect with Us

@SRQGov

Sarasota County Resilient SRQ does not discriminate on the basis of race, color, national origin, sex, age, religion, or disability, and provides, upon request, reasonable accommodation, including auxiliary aids and services, to afford an individual with a disability an equal opportunity to participate in all services, programs, and activities.

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