Waiver and/or Variance of subsections 67-48.002(30) and (32), 67-48.010(5) and 67-48.0072(10), Florida Administrative Code, from 350 NW LLC (“Petition”). The Petition is seeking a waiver or variance to allow for the establishment of a Supplemental ...

FLORIDA HOUSING FINANCE CORPORATION

RULE NO: RULE TITLE
67-48.002: Definitions
67-48.0072: Credit Underwriting and Loan Procedures
67-48.010: Terms and Conditions of SAIL Loans

NOTICE IS HEREBY GIVEN that on September 25, 2007, the Florida Housing Finance Corporation, received a petition for Waiver and/or Variance of subsections 67-48.002(30) and (32), 67-48.010(5) and 67-48.0072(10), Florida Administrative Code, from 350 NW LLC (“Petition”). The Petition is seeking a waiver or variance to allow for the establishment of a Supplemental Operating Reserve for the deposit of all Development Cash Flow; and a waiver of minimum combined debt service coverage requirements.
A copy of the Petition for Variance or Waiver may be obtained by contacting: Sherry Green, Public Records Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329. Florida Housing will accept comments concerning the Petition for 14 days from the date of publication of this notice. To be considered, comments must be received on or before 5:00 p.m. (Eastern Standard Time), on the 14th day after publication of this notice at: Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329.