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 ...  


  • RULE NO: RULE TITLE
    67-21.002: Definitions
    67-21.003: Application and Selection Process for Developments
    67-21.0035: Applicant Administrative Appeal Procedures
    67-21.004: Federal Set-Aside Requirements
    67-21.0045: Determination of Method of Bond Sale
    67-21.006: Development Requirements
    67-21.007: Fees
    67-21.008: Terms and Conditions of MMRB Loans
    67-21.009: Interest Rate on Mortgage Loans
    67-21.010: Issuance of Revenue Bonds
    67-21.013: Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
    67-21.014: Credit Underwriting Procedures
    67-21.015: Use of Bonds with Other Affordable Housing Finance Programs
    67-21.017: Transfer of Ownership
    67-21.018: Refundings and Troubled Development Review
    67-21.019: Issuance of Bonds for Section 501(c)(3) Entities
    PURPOSE AND EFFECT: 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.
    SUBJECT AREA TO BE ADDRESSED: The Rule Development workshop will be held to receive comments and suggestions from interested persons relative to the development of the 2009 application and program requirements for the MMRB Program, as specified in Rule Chapter 67-21, Florida Administrative Code (F.A.C.).
    SPECIFIC AUTHORITY: 420.507, 420.508 FS.
    LAW IMPLEMENTED: 420.509 FS.
    IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
    TIME AND DATE: October 30, 2008, 1:00 p.m. – 4:00 p.m.
    PLACE: SpringHill Suites, 5828 Hazeltine National Drive, Orlando, FL 32822. The workshop will be accessible via phone at 1(888)808-6959, Conference Code #1374197.
    Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Blake Carson-Poston at (850)488-4197. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Len Stirrat, Multifamily Bonds Administrator, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329, (850)488-4197. The preliminary text of the proposed rule development is available on Florida Housing’s web site www.floridahousing.org

    THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.

Document Information

Subject:
The Rule Development workshop will be held to receive comments and suggestions from interested persons relative to the development of the 2009 application and program requirements for the MMRB Program, as specified in Rule Chapter 67-21, Florida Administrative Code (F.A.C.).
Purpose:
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.
Rulemaking Authority:
420.507, 420.508 FS.
Law:
420.509 FS.
Contact:
Len Stirrat, Multifamily Bonds Administrator, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329, (850)488-4197. The preliminary text of the proposed rule development is available on Florida Housing’s web site www.floridahousing.org
Related Rules: (15)
67-21.002. Definitions
67-21.003. Application and Selection Process for Developments
67-21.0035. Applicant Administrative Appeal Procedures
67-21.004. Federal Set-Aside Requirements
67-21.0045. Determination of Method of Bond Sale
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