The purpose and effect of the proposed rule amendment is to address the statutory changes to Sections 196.196 and 196.1978, F.S., which extended the affordable housing property ad valorem tax exemptions to include property that is held for the ...

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.: RULE TITLE:
67-21.003: Application and Selection Process for Developments
PURPOSE AND EFFECT: The purpose and effect of the proposed rule amendment is to address the statutory changes to Sections 196.196 and 196.1978, F.S., which extended the affordable housing property ad valorem tax exemptions to include property that is held for the purpose of providing affordable housing to persons and families meeting the income restrictions in Sections 159.603(7) and 420.0004, F.S.
SUBJECT AREA TO BE ADDRESSED: Subject area to be address: revisions to the rules that address ownership of properties by for-profit entities.
RULEMAKING AUTHORITY: 420.507(12), 420.508(3)(a) FS.
LAW IMPLEMENTED: 420.502, 420.507(4), (13), (14), (18), (19), (20), (21), (24), 420.508 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Matthew Sirmans, Assistant General Counsel, 227 N. Bronough, Suite 5000, Tallahassee, FL 32301, [phone]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.