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Florida Administrative Code (Last Updated: April 18, 2024) |
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67. Florida Housing Finance Corporation |
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D67. Departmental |
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67-48. Competitive Affordable Multifamily Rental Housing Programs Sail/Home/Hc |
1(1) Subject to the provisions of Section 8420.507(48), F.S., 10during the first six (6) months following the publication date of the first Notice of Funding Availability published in any year within the state of Florida, SAIL funds shall be allocated in accordance with the ranking and selection process set forth in the applicable competitive solicitation and based upon the requirements specified in Section 64420.5087(3), F.S., 66which specifies the required funding within the five (5) demographic categories of:
78(a) Family;
80(b) Elderly;
82(c) Homeless;
84(d) Commercial Fishing Workers and Farmworkers; and,
91(e) Persons with Special Needs.
96(2) 10 percent of the funds for 103Developments 104in the Elderly category shall be made available to provide loans to Sponsors of housing for the Elderly for the purpose of making life-safety or security-related repairs or improvements to such housing which are required by federal, state or local regulation.
145(3) The Corporation shall make available tentative loan amounts to Applicants in each demographic and geographic category, up to the total amount available.
168(4) In the event that the 10 percent of program funds required to be allocated to counties with a population of 100,000 or less remains unallocated at the conclusion of a competitive solicitation, the unallocated funds shall be equitably distributed pursuant to Board approval.
213(5) Selection for SAIL Program participation is contingent upon fund availability at the conclusion of the appeals process as set forth in Rule 23667-60.009, 237F.A.C.
238Rulemaking Authority 240420.507, 241420.508 FS. 243Law Implemented 245420.5087 FS. 247History–New 12-23-96, Amended 1-6-98, Formerly 9I-48.0095, Amended 11-9-98, 2-24-00, 2-22-01, 3-17-02, 4-6-03, 3-21-04, 2-7-05, 1-29-06, 4-1-07, Repromulgated 3-30-08, 8-6-09, 11-22-11, Amended 10-9-13, 10-8-14, 9-15-16, Repromulgated 5-24-17, 7-8-18, 7-11-19, 6-23-20, 5-18-21, Amended 7-6-22, Repromulgated 6-28-23.
