On October 22, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-48.002(96), Florida Administrative Code (2020) and a Portion of the 2020 Qualified Allocation Plan for Century ....
FLORIDA HOUSING FINANCE CORPORATION
RULE NO.:RULE TITLE:
67-48.002Definitions
The Florida Housing Finance Corporation hereby gives notice: On October 22, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from subsection 67-48.002(96), Florida Administrative Code (2020) and a Portion of the 2020 Qualified Allocation Plan for Century Woods Preservation, LP, allowing Petitioner to return its current housing credit allocation and receive an allocation of 2024 housing credits on the condition that the Principals of the Petitioner's Applicant and Developer entities, or their Affiliates, will not be awarded any competitive funding from the Corporation until the Petitioner closes on the limited partnership agreement or limited liability company operating agreement, as applicable and provides a copy of the recorded Notice of Commencement from the Official Records of the applicable jurisdiction(s) for the Development. If Petitioner does not close on the limited partnership agreement or limited liability company operating agreement, as applicable, or provide a copy of the recorded Notice of Commencement but instead returns the housing credits to the Corporation, the Principals of the Petitioner's Applicant and Developer entities would be permitted to participate in the next year's competitive RFA cycle. Florida Housing determined that the Petitioner had demonstrated that it would suffer a substantial hardship if the waiver was not granted. The petition was filed on October 4, 2024, and notice of the receipt of petition was published on October 7. 2024, in Vol. 50, Number 196 F.A.R.
A copy of the Order or additional information may be obtained by contacting: Ana McGlamory, Corporation Clerk, Florida Housing Finance Corporation, 227 N. Bronough St., Ste. 5000, Tallahassee, FL 32301-1329.
