GET THE FACTS
The Sadowski Housing Coalition is a nonpartisan collection of over 40 diverse statewide organizations that initially came together in 1991 to obtain a dedicated revenue source for Florida’s affordable housing programs.
The coalition is collectively focused on the protection and enhancement of the funding from the Sadowski Housing Trust Funds, and the programs that it funds, SHIP and SAIL, which are pivotal to the success of affordable housing in Florida. The coalition believes that this funding is the floor, not the ceiling, for affordable housing. While additional funding for housing programs or projects outside SHIP or SAIL to help alleviate Florida’s deficit of housing is welcome, it needs to come from sources other than the Sadowski Housing Trust Funds.
What Florida’s Housing Programs Do
rehabilitation
SAIL funds can be used to rehabilitate existing apartments in dire need of repair or to build new units where needed; apartments that house Florida’s most vulnerable populations, such as the frail elderly and persons with disabilities.
responsiveness
SAIL and SHIP programs span from homelessness to the moderate income essential workforce. Both programs are flexible and can meet changing needs and priorities within the same program framework.
renovation
SHIP funds can be used for renovation of existing housing stock to allow seniors to age in place or to provide retrofitting for persons with special needs.
retrofit
SHIP funds can be used to move existing housing stock and provide first time homeownership with down payment and closing cost assistance, as well as rehabilitation and retrofit.
How Florida’s Housing
Programs are Funded
Doc stamp tax paid on all real estate transactions was increased in 1992. Those monies were dedicated to the state and local housing trust funds. 70% of monies went to the Local Government Housing Trust Fund for the SHIP program which funds housing programs in all 67 counties and larger cities while 30% of monies to the State Housing Trust Fund for Florida Housing Finance Corporation went to programs such as the State Apartment Incentive Loan (SAIL) program.
%
70% of monies to the Local Government Housing Trust Fund
%
30% OF MONIES TO THE STATE HOUSING TRUST FUND
Why These Programs Are Needed
- 2.9 Million Floridians
- income spent
- 1 out of 3 Florida households are Alice
Approximately 46% of households in Florida pay more than 50% of their income on housing they are one missed paycheck away from homelessness. Nearly 2.9 million of those households meet the ALICE (Asset Limited, Income Constrained, Employed) criteria — the exact group that the Sadowski Trust Funds assist.
Economic Impact
SHIP and SAIL are highly leveraged, with private sector loans and equity providing $4 to $6 for every one dollar of state funding — thus greatly increasing economic impact. It is estimated that there is $448.1 million* available for appropriation in the Sadowski Housing Trust Funds FY 2024-25. If this money is used for Florida’s affordable housing programs, it will create over 44,000 Florida jobs and $7.2 billion in positive economic impact in Florida and build, rehabilitate or sell over 14,000 housing units.*
*$448.1 million based upon the Governor’s proposed budget.
MILLION DOLLARS*
BILLION DOLLARS
FLORIDA JOBS
Want to Know More?
Questions about Sadowski Coalition funding and programs should be directed to Mark Hendrickson: mark@thehendricksoncompany.com