ATTENTION PARTICIPATING LENDERS

IMPORTANT ANNOUNCEMENT!

FLORIDA HOUSING FINANCE CORPORATION

2025 HOMETOWN HERO PROGRAM (HTH) FULLY UTILIZED

We would like to provide an important update regarding the Florida Housing Finance Corporation Hometown Heroes (HTH) Loan Program.

Due to the continued success of the program, HTH funds have now been fully utilized. We appreciate your ongoing participation and the critical role you have played in supporting Florida’s workforce and affordable homeownership opportunities.

What This Means for Lenders

- No new HTH reservations are currently available.

- Existing reservations must meet all program timelines:

   • Underwriter Certification: Required by day 60 from reservation (no exceptions)

   • Loan Purchase: Required by day 90 from reservation (includes one 30-day extension, if needed)

- Loans not meeting these timelines will be cancelled with no exceptions.

Fallout Funds Availability

Funding from cancelled loans (“fallout funds”) will be released on a first-come, first-served basis:

- Available each Monday at 10:00 AM E.T.

- No waitlist will be maintained

- No extensions will be permitted on fallout reservations (no exceptions)

- Loans must meet the standard 60-day reservation-to-purchase timeline

If you are unable to meet these timelines, we encourage you to utilize Florida Housing’s Standard Bond or TBA Programs, which continue to offer down payment and closing cost assistance options.

Important Reminders

- Ensure all loans are accurately entered and promptly certified.

- Submit closed loan files immediately to avoid delays or cancellations.

- Carefully monitor your pipeline to ensure compliance with all timelines.

- If a property falls out, funds may not be retained for that borrower and cannot be transferred to a new property. A new reservation would be required, subject to funding availability.

Thank you again for your continued partnership and for helping make the Hometown Heroes Program such a success.

If you have any questions, please contact the Florida Housing Homeownership Program Team.

Charles White

Homebuyer Loan Programs Director

Charles.white@floridahousing.org

Sandy Smith

Homebuyer Loan Programs Administrator

Sandy.smith@floridahousing.org

Homeownership Loan Program Help Desk

dpa@floridahousing.org