waiver from Woodcreek Apartments, LTD. of Rule 67-48.010(15), 67-48.0105(5), 67-48.0105(6) and 67-48.0075(5) Florida Administrative Code, to seek a permanent waiver or variance from the repayment of the required proportionate amount of the SAIL, if ...

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.: RULE TITLE:

67-48.0075: Miscellaneous Criteria

67-48.010: Terms and Conditions of SAIL Loans

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

NOTICE IS HEREBY GIVEN that on July 10, 2013, the Florida Housing Finance Corporation, received a petition for waiver from Woodcreek Apartments, LTD. of subsections 67-48.010(15), 67-48.0105(5), 67-48.0105(6) and 67-48.0075(5), Florida Administrative Code, to seek a permanent waiver or variance from the repayment of the required proportionate amount of the SAIL, if any, and for the payment of a non-refundable renegotiation fee of ½ of 1% percent of the outstanding principal balance of the SAIL. The petitioner also requests a temporary waiver of payment of any outstanding arrearages to the Corporation, its legal counsel, Servicer or any agent or assignee of the Corporation for past due issues applicable to the development team and that the payments set forth in 15(a) above, if any, shall continue to be treated as a deferred accrual and not be accelerated for payment and made a requirement for refinancing of the first mortgage.

A copy of the Petition for Variance or Waiver may be obtained by contacting: Della Harrell, Corporation Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329. The Petition has also been posted on Florida Housing’s website at floridahousing.org. Florida Housing will accept comments concerning the Petition for 14 days from the date of publication of this notice. To be considered, comments must be received on or before 5:00 p.m., Eastern Standard Time, on the 14th day after publication of this notice at Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329.