Florida's Predevelopment Loan Program

Florida’s Predevelopment Loan Program (PLP) helps nonprofit and community based organizations, local governments, and public housing authorities plan, finance, and develop affordable housing through individualized technical assistance and flexible below market interest financing for predevelopment activities.

Eligible organizations may apply for a loan of up to $750,000. The loan carries a non-amortizing one to three percent interest rate, with principal and interest deferred until maturity. The loan generally matures either upon the closing of construction/permanent financing or three years after the original PLP loan closed, whichever occurs first.

Contributed By: 
National Housing Trust

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