Waiver from Malabar Cove II, Ltd., of subsection 67-48.010(8), F.A.C., which allows accrued and unpaid interest payments due annually on the State Apartment Incentive Loan (SAIL) Program loans to be deferred to the extent “Development Cash Flow” is ...

FLORIDA HOUSING FINANCE CORPORATION

Rule No. : RULE TITLE :
67-48.010: Terms and Conditions of SAIL Loans

NOTICE IS HEREBY GIVEN that on February 16, 2011, the Florida Housing Finance Corporation, received a petition for Waiver from Malabar Cove II, Ltd., of subsection 67-48.010(8), F.A.C., which allows accrued and unpaid interest payments due annually on the State Apartment Incentive Loan (SAIL) Program loans to be deferred to the extent “Development Cash Flow” is insufficient.
A copy of the Petition for Variance or Waiver may be obtained by contacting: Della Harrell, Corporation Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329. 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 32399-1329.