On March 6, 2020, the Florida Housing Finance Corporation issued an order granting waivers from Rules 67-48.023(5), 67-48.023(7), RFA 2014-115 Exhibit C, Paragraph 12(c), Final Cost Certification Package Requirement as Incorporated by Rule 67-48.023(...

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.:RULE TITLE:

67-48.023Housing Credits General Program Procedures and Requirements

The Florida Housing Finance Corporation hereby gives notice: On March 6, 2020, the Florida Housing Finance Corporation issued an order granting waivers from subsections 67-48.023(5), 67-48.023(7), RFA 2014-115 Exhibit C, paragraph 12(c), Final Cost Certification Package Requirement as Incorporated by subsection 67-48.023(7), and paragraph 67-48.023(17)(f), F.A.C. for Houston Street Manor Limited Partnership, to allow 1. Petitioner to submit its Cost Certification with a GCCC that is not executed by the general contractor accompanied by a qualified opinion letter and audit report; 2. to audit four of the five selected sub-contractors, acknowledging that FHFC will not consider the GCCC final until the last confirmation is received or until all efforts have been exhausted; and 3. Petitioner to pay a sub-contractor in excess of 31 percent to deliver the building's shell under the condition that (1) the Developer pay any GC Fee paid on the excess amount out of its developer fee and that (2) the Developer take no developer fee on the excess amount. Florida Housing determined that the Petitioner had demonstrated that it would suffer a substantial hardship if the waiver was not granted. The petition was filed on January 6, 2020 and notice of the receipt of petition was published on January 7, 2020 in Vol. 46, Number 4, F.A.R.

A copy of the Order or additional information may be obtained by contacting: Ana McGlamory, Corporation Clerk, Florida Housing Finance Corporation, 227 N. Bronough St., Ste. 5000, Tallahassee, FL 32301-1329.