Published on: 10389590. of the entry of an Order Granting a Petition for Waiver or Variance.
NAME OF THE PETITIONER: MBCDC: The London, LLC
DATE PETITION WAS FILED: August 2, 2011.
RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Paragraph 67-38.007(5)(a), F.A.C., with respect to rental Developments PLP Loan’s Maturity Date.
REFERENCE TO THE PLACE AND DATE OF THE PUBLICATION OF THE NOTICE OF PETITION: Florida Administrative Weekly, August 8, 2011, Vol. 37, No. 32
THE DATE THE BOARD OF DIRECTORS OF FLORIDA HOUSING FINANCE CORPORATION APPROVED THE VARIANCE OR WAIVER: September 1, 2011
THE GENERAL BASIS FOR THE DECISION: The purpose of the underlying statute is to make loans to Eligible Housing Providers and Eligible Home Buyers for the construction of affordable housing. The waiver will further this purpose.
Published on: 10286964. Waiver/Variance from paragraph 67-38.007(5)(a), F.A.C., from MBCDC: The London, LLC, with respect to rental Developments PLP Loan’s Maturity Date.
Published on: 10286091. of the entry of Withdrawal of a Petition for Waiver or Variance.
NAME OF THE PETITIONER: MBCDC: The London, LLC
DATE PETITION WAS FILED: July 28, 2011
RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Paragraph 67-38.007(5)(a), F.A.C., with respect to rental Developments, the PLP Loan’s Maturity Date shall be on the earlier of the date of closing on the first source of permanent or construction loan for the Development.
REFERENCE TO THE PLACE AND DATE OF THE PUBLICATION OF THE NOTICE OF PETITION: Florida Administrative Weekly, August 12, 2011, Vol. 37, No. 32
THE DATE THE BOARD THE PETITION WAS WITHDRAWN: July 29, 2011
THE GENERAL BASIS FOR THE DECISION: Filing error.
Published on: 10273384. Waiver/Variance from paragraph 67-38.007(5)(a), F.A.C., with respect to rental Developments, the PLP Loan’s Maturity Date shall be on the earlier of the date of closing on the first source of permanent or construction loan for the Development.
Published on: 7522464. The purpose of Rule Chapter 67-38, Florida Administrative Code (F.A.C.) is to establish the procedures by which the Florida Housing Finance Corporation shall administer the Predevelopment Loan Program (PLP) which helps to fund the initial and up front costs associated with the building or rehabilitation of affordable housing. These funds may be requested by any unit of government, public housing authority established pursuant to Chapter 421, F.S., community-based or not-for-profit organization, for-profit entity wholly owned by one or more qualified not-for-profit organizations, or limited partnership with the community-based or not-for-profit organization that holds at least 51% of the ownership not owned by a for-profit entity and must materially participate in the development and operation of the Development. Revisions to the Rule are required to implement technical and clarifying changes. The adoption of these revisions will increase the efficiency and effectiveness for program service delivery and will provide greater clarification of the program.
Published on: 7312847. Purpose, Definitions, General Program Requirements and Restrictions, Application Submission Procedures, Incomplete Applications and Rejection Criteria, Application Evaluation and Award Guidelines, Terms of the PLP Loan, Eligible Uses for the Loan, Credit Underwriting Procedures, Fees, Disbursement Procedures