On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver of Rule 67-48.004(3)(j) F.A.C. (2017) and of Section 4.A.6.d.(2)(a)(i) of RFA 2017-111 for Lofts on Lemon Development Partners, LLC allowing Petitioner to ...

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.: RULE TITLE:

67-48.004: Selection Procedures for Developments

The Florida Housing Finance Corporation hereby gives notice:

On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver of Rule 67-48.004(3)(j) F.A.C. (2017) and of Section 4.A.6.d.(2)(a)(i) of RFA 2017-111 for Lofts on Lemon Development Partners, LLC allowing Petitioner to reduce its Total Set-Aside Percentage from 100% to 59.375% and allowing Petitioner to increase the total number of units from 76 to 128 pursuant to Rule 67-48.004(3)(i). As a condition of this waiver, Petitioner must provide additional ELI units, which results in a new set-aside commitment of 13 units (10.16%) at 33% AMI or less and 63 units (49.22%) at 60% AMI or less. If Petitioner's request to use the Average Income test is approved, Petitioner must provide 20 ELI units (15.625%) at 30% AMI or less. 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 June 18, 2020 and notice of the receipt of petition was published on June 19, 2020 in Vol. 46, Number 120 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.