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

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    FLORIDA HOUSING FINANCE CORPORATION

    RULE NOS.:RULE TITLES:

    67-21.001Purpose and Intent

    67-21.002Definitions

    67-21.0025Miscellaneous Criteria

    67-21.003Application and Selection Process for Developments

    67-21.004Federal Set-Aside Requirements for MMRB Loans

    67-21.0045Determination of Method of Bond Sale

    67-21.006MMRB Development Requirements

    67-21.007MMRB Fees

    67-21.008Terms and Conditions of MMRB Loans

    67-21.009Interest Rate on Mortgage Loans

    67-21.010Issuance of Revenue Bonds

    67-21.013Non-Credit Enhanced Multifamily Mortgage Revenue Bonds

    67-21.014MMRB Credit Underwriting Procedures

    67-21.015Use of Bonds with Other Affordable Housing Finance Programs

    67-21.017Transfer of Ownership of a MMRB Development

    67-21.018Refundings and Troubled Development Review

    67-21.019Issuance of Bonds for Section 501(c)(3) Entities

    67-21.025HC Fees

    67-21.026HC Credit Underwriting Procedures

    67-21.027HC General Program Procedures and Requirements

    67-21.028HC with Tax-Exempt Bond-Financed Developments

    67-21.029HC Extended Use Agreement

    67-21.030Sale or Transfer of a Housing Credit Development

    67-21.031Qualified Contracts

    PURPOSE AND EFFECT: The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S., and (2) administer the Application process, determine Non-Competitive Housing Credit amounts and implement the provisions of the Non-Competitive Housing Credit process authorized by Section 42 of the Code and Section 420.5099, Florida Statutes.

    SUBJECT AREA TO BE ADDRESSED: The rule development workshop will be held to receive comments and suggestions from interested persons relative to the development of the Non-Competitive Application and the program requirements for MMRB and Non-Competitive Housing Credits, as specified in Rule Chapter 67-21, Florida Administrative Code (F.A.C.).

    RULEMAKING AUTHORITY: 420.507, 420.508 FS.

    LAW IMPLEMENTED: 420.509, 420.5099 FS.

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

    DATE AND TIME: Monday, April 22, 2019, 2:30 p.m., Eastern Time

    PLACE: Florida Housing Finance Corporation, 227 N. Bronough Street, 6th Floor, Seltzer Room, Tallahassee, Florida

    The workshop will be accessible via telephone and call-in information is posted on the Florida Housing website https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2019-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 (850)488-4197. 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, Director of Multifamily Allocations

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

Document Information

Subject:
The rule development workshop will be held to receive comments and suggestions from interested persons relative to the development of the Non-Competitive Application and the program requirements for MMRB and Non-Competitive Housing Credits, as specified in Rule Chapter 67-21, Florida Administrative Code (F.A.C.).
Purpose:
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S., and (2) administer the Application process, determine Non-Competitive Housing Credit amounts and implement the ...
Rulemaking Authority:
420.507, 420.508 FS.
Law:
420.509, 420.5099 FS.
Contact:
Marisa Button, Director of Multifamily Allocations
Related Rules: (15)
67-21.001. Purpose and Intent
67-21.002. Definitions
67-21.0025. Miscellaneous Criteria
67-21.003. Application and Selection Process for Developments
67-21.004. Federal Set-Aside Requirements
More ...