FLORIDA HOUSING FINANCE CORPORATION
RULE NO.:RULE TITLE:
67-60.010Funding Preferences
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 50 No. 128, July 1, 2024 issue of the Florida Administrative Register.
67-60.010 Funding Preferences.
(1) through (3) No change.
(4) For those Applicants meeting the eligibility requirements of a competitive solicitation, the Corporation shall develop a scoring mechanism to evaluate and rank Applicant responses to the competitive solicitation. The elements of the scoring mechanism shall include, but not be limited to:
(a) Experience with successful completion of affordable housing projects.
(b) Having and maintaining a controlling interest in the ownership of affordable housing projects.
(c) Objective assessment of developer financial liquidity and capacity.
(d) Establishing all committed project financing within a given time period, with failure to do so resulting in reallocation of project funds to another Applicant.
Rulemaking Authority 420.507(12) FS. Law Implemented 420.507(47), (48), (49), 420.5087, 420.5089(2), 420.5099 FS. History‒New 10-8-14, Repromulgated 9-15-16, 7-8-18, Repromulgated 7-6-22, Amended _____.
