67-21.001. Purpose and Intent  


Effective on Tuesday, June 23, 2020
  • 1The purpose of this rule chapter is to establish the procedures by which the Corporation shall:

    17(1) Administer the Application process, determine loan amounts and make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bonds (MMRB) Program authorized by Section 51420.509, F.S.; 53and,

    54(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 83420.5099, F.S.

    85(3) This rule chapter shall be reviewed, and if necessary, repealed or renewed through the rulemaking process no later than five years from the effective date.

    111Rulemaking Authority 113420.507, 114420.508 FS. 116Law Implemented 118420.509, 119420.5099 FS. 121History–New 7-16-13, Repromulgated 2-2-15, 9-15-16, 5-24-17, 7-8-18, 7-11-19, Amended 6-23-20.