“We have financed five multifamily developments through the First Housing ‘pool,’ worked with First Housing in structuring a $13,000,000 tax exempt bond financing, and have engaged the services of its knowledgeable compliance staff to consult on the establishment of new compliance monitoring systems. Many of our successes have been accomplished with the assistance of First Housing.”

Marc S. Plonskier
President,
The Gatehouse Group, Inc.

First Housing continues its endeavor to mobilize capital to finance multifamily housing in the state of Florida. Our elite group of real estate professionals has the experience necessary to evaluate any financing proposal, then recommend a transaction structure and financing plan. We measure our success by the number of repeat transactions we can provide to a single client and our ability to stay at the cutting edge when new financing products enter the market.

Specialty Programs

HUD/FHA: First Housing entered the FHA insured loan origination business in 1996, following the implementation of FASTTRACK loan processing by the HUD, Jacksonville office. In the first two years, First Housing's professionals originated in excess of $58 million in FHA insured loans, making First Housing the largest single producer for the Jacksonville HUD office. Even though the volume of production is impressive, what is more impressive is the diversity of program utilization. As an example, the FHA 223(f) and 221(d)(4) insurance programs, backed by GNMA securities, were used to provide 'AAA' credit enhancement for tax exempt bonds financing new apartment communities and the refinancing of existing communities requiring substitute credit enhancement.

List of Completed Transactions

FHA 221 (d)(4):	Information Sheet
	Sample Transactions
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FHA 223 (f)	Information Sheet
	Sample Transactions
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FHA 232	Information Sheet
FHA 232 (f)	Information Sheet

For more information contact: Downs Spitler (813) 283-1054.

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THE AFFORDABLE HOUSING LENDING POOL: In the early 1990's, First Housing and eleven of its stockholders cooperated to form a $100 million lending pool to finance multifamily housing for low and moderate income residents. By the end of 2007, the Pool had financed the development and rehabilitation of 5,953 affordable rental units in the state of Florida.

The following stockholder institutions currently participate in the lending pool: