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

Document Information

Comments Open:: 7/1/2024
Summary:: Prior to the opening of a funding process, the Corporation (1) researches the market need for affordable housing throughout the state of Florida and (2) evaluates prior competitive funding processes to determine what changes or additions should be added to the Rule, competitive solicitations, and the Qualified Allocation Plan (QAP). The proposed amendments to the Rule and adopted reference material include changes that will create a formulated process for selecting Developments that will apply ...
Purpose:: The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Address 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, F.S., and the HOME Investment Partnerships (HOME) Program authorized by Section 420.5089, F.S.; and (2) Address Competitive Housing Credit amounts and implement the provisions of the ...
Rulemaking Authority:: 420.507(12), 420.508(3)(c), FS.
Law:: 420.507(13), (22), (24), (48), 420.5087, 420.5089, 420.5099, FS.
Related Rules: (2): 67-48.004. Application and Selection Procedures for Developments; 67-48.0072. Credit Underwriting and Loan Procedures