This is an update to our alert published on October 23, 2025. 

This past Friday (October 24, 2025), the Board of Directors of Florida Housing Finance Corporation (“Florida Housing’) approved the temporary opening of a tax-exempt bond (MMRB) round, which will open on November 3, 2025. In addition to meeting the invitation to and completion of credit underwriting dates and ineligible applicants mentioned in our previous news blast, applicants must limit their request for MMRB to no greater than 30% of total development cost.