SHIP
Florida Housing administered the State Housing Initiatives Partnership program (SHIP), which provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing.
Overview
SHIP dollars may be used to fund emergency repairs, new construction, rehabilitation, down payment and closing cost assistance, impact fees, construction and gap financing, mortgage buy-downs, acquisition of property for affordable housing, matching dollars for federal housing grants and programs, and homeownership counseling. Contact the Osceola County Housing & Community Services office for additional information or assistance.
Click to learn more about the following SHIP programs:
Income Guidelines
While the SHIP program is designed to serve very low, low, and moderate income families, the income guidelines are revised annually. View the most current individual income limits for program qualification.
Loan Terms
SHIP program assistance is offered either in the form of a grant or in the form of a deferred payment loan. Each program has different grant and/or deferred payment loan terms. These terms can be found in the Local Housing Assistance Plan. For more information, please refer to the document linked below.
SHIP Local Housing Assistance Plan (LHAP)(PDF, 4MB)
The definition of Deferred Payment Loan: Funds provided to a borrower under terms that calls for repayment to be delayed for a certain length of time, until certain circumstances change, or a certain threshold is met. In housing programs, deferred payment loans are often used as a recapture mechanism. In home ownership programs the loans often become due when the assisted family sells the home. Under rental programs the loans often become due if the affordability requirements are breached. In most housing programs these loans have an interest rate of zero percent; in some communities interest does accrue.
Documents
View the following PDFs to find more information about preferred lenders lists, annual SHIP reports and more.
Annual Reports
Reports from previous years are available by request. Interested parties may visit the Housing Office in person to review reports or request via email at housing@osceola.org.
Additional Resources