NAME OF THE PETITIONER: Florida Non-Profit Services, Inc. DATE PETITION WAS FILED: July 6, 2009 RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Subsection 67-48.0072(19), F.A.C., which requires that contingency ...

FLORIDA HOUSING FINANCE CORPORATION

RULE NO: RULE TITLE
67-48.0072: Credit Underwriting and Loan Procedures

NOTICE IS HEREBY GIVEN THAT on September 18, 2009, the Florida Housing Finance Corporation has issued an order.

NAME OF THE PETITIONER: Florida Non-Profit Services, Inc.

DATE PETITION WAS FILED: July 6, 2009

RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Subsection 67-48.0072(19), F.A.C., which requires that contingency reserves total no more than five (5%) percent of hard and soft costs for new construction within the Total Development Cost for application and underwriting purposes.

REFERENCE TO THE PLACE AND DATE OF THE PUBLICATION OF THE NOTICE OF PETITION: Florida Administrative Weekly, July 17, 2009, Vol. 35, No. 28

THE DATE THE BOARD OF DIRECTORS OF FLORIDA HOUSING FINANCE CORPORATION APPROVED THE VARIANCE OR WAIVER: September 18, 2009

THE GENERAL BASIS FOR THE DECISION: The purpose of the underlying statute is to make loans to Eligible Housing Providers and Eligible Home Buyers for the construction of affordable housing. The waiver will further this purpose.

A copy of the Order may be obtained by contacting: Della Harrell, Corporation Clerk at [phone] or e-mail: [e-mail]. The Final Order is posted on Florida Housing’s website at floridahousing.org.