Published on: 14606859. The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S., and (2) administer the Application process, determine Non-Competitive Housing Credit amounts and implement the provisions of the Non-Competitive Housing Credit process authorized by Section 42 of the Code and Section 420.5099, Florida Statutes.
Published on: 14329148. The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S., and (2) administer the Application process, determine Non-Competitive Housing Credit amounts and implement the provisions of the Non-Competitive Housing Credit process authorized by Section 42 of the Code and Section 420.5099, Florida Statutes.
Published on: 12966977. Purpose and Intent, Definitions, Miscellaneous Criteria, Application and Selection Process for Developments, Applicant Administrative Appeal Procedures, Federal Set-Aside Requirements, Determination of Method of Bond Sale, Development Requirements, Fees, Terms and Conditions of MMRB Loans, Interest Rate on Mortgage Loans, Issuance of Revenue Bonds, Non-Credit Enhanced Multifamily Mortgage Revenue Bonds, Credit Underwriting Procedures, Use of Bonds with Other Affordable Housing Finance Programs, Transfer of Ownership, Refundings and Troubled Development Review, Issuance of Bonds for Section 501(c)(3) Entities, HC Fees, HC Credit Underwriting Procedures, HC General Program Procedures and Requirements, HC with Tax-Exempt Bond-Financed Developments, HC Extended Use Agreement, Sale or Transfer of a Housing Credit Development, Qualified Contracts
Published on: 12940690. The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall:
(1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S.; and
(2) Administer the Application process, determine Non-Competitive Housing Credit amounts, and implement the provisions of the Housing Credit (HC) Program authorized by Section 42 of the IRC and Section 420.5099, F.S.
The intent of this Rule Chapter is to encourage public-private partnerships to invest in residential housing; to stimulate the construction and rehabilitation of residential housing which in turn will stimulate the job market in the construction and related industries; and to increase and improve the supply of affordable housing in the State of Florida.
Published on: 11989023. The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S.
Published on: 11889210. The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S.
Published on: 11777466. purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S.