The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily ....

Document Information

Comments Open:: 7/1/2024
Summary:: Prior to the opening of an Application process, the Corporation (1) researches the market need for affordable housing throughout the state of Florida and (2) evaluates prior Applications to determine what changes or additions should be added to the Rule and/or Application. The proposed amendments to the Rule and adopted reference material include changes that will create a formulated process for selecting Developments that will apply for Non-Competitive Housing Credits, or a combination of MMRB ...
Purpose:: The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of 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 Housing Credit (HC) Program authorized by ...
Rulemaking Authority:: 420.507(12), 420.508(3)(c), FS.
Law:: 420.507(4), (13), (14), (18), (19), (20), (21), (24), (35), (48), 420.508, 420.509, 420.5099 FS.
Related Rules: (4): 67-21.0025. Miscellaneous Criteria; 67-21.003. Application and Selection Process for Developments; 67-21.014. Credit Underwriting Procedures; 67-21.026. HC Credit Underwriting Procedures