On October 22, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.027(6), 67-21.026(12)(b) and 67-21.003(1)(b), Florida Administrative Code (2020) and a Portion of the Non-Competitive ....
FLORIDA HOUSING FINANCE CORPORATION
RULE NOS.:RULE TITLES:
67-21.003Application and Selection Process for Developments
67-21.026HC Credit Underwriting Procedures
67-21.027HC General Program Procedures and Requirements
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 67-21.027(6), paragraphs 67-21.026(12)(b) and 67-21.003(1)(b), Florida Administrative Code (2020) and a Portion of the Non-Competitive Application Instructions (2020) for Goodlette Arms Preservation, LP, allowing Petitioner to: (1) Submit its Final Cost Certification Application Package utilizing Agreed Upon Procedures that will be developed with, and approved by, Florida Housing Staff to provide assurance of the reasonableness and accuracy of costs in lieu of (i) the General Contractor Cost Certification; (ii) a certified public accountant opinion letter; and/or (iii) an audit report prepared by an independent certified public accountant. Florida Housing Staff will determine the acceptability of the content of the Agreed Upon Procedures report when the report is completed. and (2) Exceed the General Contractor's fee maximum of 14% of actual construction cost. The amount over 14% shall be paid out of Developer’s profit and reflected as a subset of the Developer Fee on the Development Final Cost Certification.
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.
