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

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.: RULE TITLE:
67-48.001: Purpose and Intent
67-48.002: Definitions
67-48.004: Application and Selection Procedures for Developments
67-48.005: Applicant Administrative Appeal Procedures
67-48.007: Fees
67-48.0072: Credit Underwriting and Loan Procedures
67-48.0075: Miscellaneous Criteria
67-48.009: SAIL General Program Procedures and Restrictions
67-48.0095: Additional SAIL Application Ranking and Selection Procedures
67-48.010: Terms and Conditions of SAIL Loans
67-48.0105: Sale, Transfer or Refinancing of a SAIL Development
67-48.013: SAIL Construction Disbursements and Permanent Loan Servicing
67-48.014: HOME General Program Procedures and Restrictions
67-48.015: Match Contribution Requirement for HOME Allocation
67-48.017: Eligible HOME Activities
67-48.018: Eligible HOME Applicants
67-48.019: Eligible and Ineligible HOME Development Costs
67-48.020: Terms and Conditions of Loans for HOME Rental Developments
67-48.0205: Sale, Transfer or Refinancing of a HOME Development
67-48.022: HOME Disbursements Procedures and Loan Servicing
67-48.023: Housing Credits General Program Procedures and Requirements
67-48.027: Tax-Exempt Bond-Financed Developments
67-48.028: Carryover Allocation Provisions
67-48.029: Extended Use Agreement
67-48.030: Sale or Transfer of a Housing Credit Development
67-48.031: Termination of Extended Use Agreement and Disposition of Housing Credit Developments

PURPOSE AND EFFECT: The purpose of this Rule is to establish the procedures by which the Corporation shall: (1) administer the Application process, determine 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, Florida Statutes (F.S.), and the HOME Investment Partnerships (HOME) Program authorized by Section 420.5089, Florida Statutes; and (2) administer the Application process, determine Housing Credit (HC) amounts and implement the provisions of the Housing Credit Program authorized by Section 42 of the Code and Section 420.5099, Florida Statutes.

SUBJECT AREA TO BE ADDRESSED: The Rule Development workshop will be held to receive comments and suggestions from interested persons relative to (1) the development of the 2013 application and program requirements for the SAIL, HOME, HC Programs, as specified in Rule Chapter 67-48, Florida Administrative Code (F.A.C.) and (2) amendments to the Florida Housing Finance Corporation’s 2012 Qualified Allocation Plan (QAP).

RULEMAKING AUTHORITY: 420.507 FS.
LAW IMPLEMENTED: 420.5087, 420.5089, 420.5099 FS.

A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: September 6, 2012, 2:30 p.m.

PLACE: Hyatt Regency Tampa, Two Tampa City Center, Tampa, FL 33602, [phone]. The workshop will not be accessible via telephone.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Jean Salmonsen at [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Kevin Tatreau, Director of Multifamily Development Programs

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.