The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NOS.:RULE TITLES:

67-48.001Purpose and Intent

67-48.002Definitions

67-48.004Selection Procedures for Developments

67-48.007Fees

67-48.0072Credit Underwriting and Loan Procedures

67-48.0075Miscellaneous Criteria

67-48.009SAIL General Program Procedures and Restrictions

67-48.0095Additional SAIL Selection Procedures

67-48.010Terms and Conditions of SAIL Loans

67-48.0105Sale, Transfer or Refinancing of a SAIL Development

67-48.013SAIL Construction Disbursements and Permanent Loan Servicing

67-48.014HOME General Program Procedures and Restrictions

67-48.015Match Contribution Requirement for HOME Allocation

67-48.017Eligible HOME Activities

67-48.018Eligible HOME Applicants

67-48.019Eligible and Ineligible HOME Development Costs

67-48.020Terms and Conditions of Loans for HOME Rental Developments

67-48.0205Sale, Transfer or Refinancing of a HOME Development

67-48.022HOME Disbursements Procedures and Loan Servicing

67-48.023Housing Credits General Program Procedures and Requirements

67-48.027Tax-Exempt Bond-Financed Developments

67-48.028Carryover Allocation Provisions

67-48.029Extended Use Agreement

67-48.030Sale or Transfer of a Housing Credit Development

67-48.031Qualified Contracts

PURPOSE AND EFFECT: The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the State Apartment Incentive Loan (SAIL) Program authorized by Section 420.5087, Florida Statutes, and the HOME Investment Partnerships (HOME) Program authorized by Section 420.5089, Florida Statutes; and (2) determine Housing Credit (HC) amounts and implement the provisions of the Housing Credit Program authorized by Section 42 of the Code and Section 420.5099, Florida Statutes.

SUBJECT AREA TO BE ADDRESSED: This is the second rule development workshop to receive comments and suggestions from interested persons relative to (1) the development of program requirements for the SAIL, HOME, and HC Programs, as specified in Rule Chapter 67-48, Florida Administrative Code and (2) amendments to the Florida Housing Finance Corporation’s 2022 Qualified Allocation Plan (QAP).

RULEMAKING AUTHORITY: 420.507 FS.

LAW IMPLEMENTED: 420.5087, 420.5089, 420.5099 FS.

A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: Tuesday, April 11, 2023, at 10:00 a.m. Eastern Time

PLACE: The workshop will be held in person at the offices of Florida Housing Finance Corporation at 227 N. Bronough Street, Seltzer Room, Tallahassee, Florida. Interested persons may also attend by Webinar. Registration instructions for the Webinar are available on the Corporation’s Website https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/current-rules-and-rule-development-process.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Elizabeth Thorp at [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Marisa Button, Managing Director of Multifamily Programs

 

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.