waiver from HTG Miami-Dade 5, LLC, requesting a waiver and adjustment of the Total Development Cost per Unit Limitation (“TDC”) found in Exhibit C to RFA 2013-003 – Affordable Housing Developments Located in Broward, Miami-Dade and Palm Beach ...

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.:RULE TITLE:

67-48.0072Credit Underwriting and Loan Procedures

NOTICE IS HEREBY GIVEN that on February 19, 2015, the Florida Housing Finance Corporation received a petition for waiver from HTG Miami-Dade 5, LLC, requesting a waiver and adjustment of the Total Development Cost per Unit Limitation (“TDC”) found in Exhibit C to RFA 2013-003 – Affordable Housing Developments Located in Broward, Miami-Dade and Palm Beach Counties (the “2013 RFA”) and the strict application of paragraph 67-48.0072(28)(e), F.A.C. Specifically, the Petitioner requests an Adjustment from the TDC limitation of $263,000 per unit for new construction high-rise projects, as set forth in Section 8 of Exhibit C to the 2013 RFA, and an increase in the TDC limitation from $263,000 per unit to $280,100 per unit, which is the amount set forth in the current Request for Applications being solicited by the Corporation for similar projects in Miami-Dade county.

A copy of the Petition for Variance or Waiver may be obtained by contacting: Ashley M. Black, Corporation Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. The Petition has also been posted on Florida Housing’s website at floridahousing.org. 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 32301-1329.