BayFirst and SHA Address Affordable Housing

September 20, 2023

SARASOTA, Fla. (September 18, 2023) – To address concerns about the availability of affordable housing in the Sarasota area, locally based bank BayFirst has launched the Community Development Landlord Purchase Program created in partnership with Sarasota Housing Authority (SHA) to better assist and recruit landlords offering Section 8 housing in the area.
 
Announced at an event hosted by BayFirst and SHA on September 14 and attended by more than 80 local landlords, the program will fund the purchase of one-to-four family rental units up to $350,000 located within the Sarasota Metropolitan Statistical Area (MSA) and servicing Section 8 renters. With a minimum FICO score of 700 and additional requirements, investors can qualify for a mortgage loan up to 80% of the property’s appraised value. BayFirst has earmarked $5 million for this program.

Click here to read the full press release.
Contact Us
Banking Centers
Find FREE ATMs
Routing Number: 063114551
Careers
Equal Housing Lender Better Business Bureau Accredited Business Member FDIC

© 2025 BayFirst National Bank, Member FDIC, Equal Housing Lender
NMLS ID 806183 | NMLS Consumer Access

Bay First Financial
700 Central Ave St Petersburg FL 33701

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

You are now leaving the BayFirst website. By clicking the 'OK' button below, you will enter a different website created, operated and maintained by a private business or organization. BayFirst is not responsible for the content, views, or privacy policies of this website. We take no responsibility for any products or services offered by this website, nor do we endorse or sponsor the information it contains. In addition, websites may change location, ownership and address frequently. BayFirst is not responsible for the accessibility of this link. Would you like to continue?