waiver from Salt Creek Apartments, Ltd., requesting a waiver from Rule 67-48.010 for the forgiveness of all outstanding SAIL interest pursuant to r. 67-48.010 F.A.C. multiplied by .05 multiplied by the number of years, not to exceed 15, that the ...

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.:RULE TITLE:

67-48.010Terms and Conditions of SAIL Loans

NOTICE IS HEREBY GIVEN that on August 26, 2014, the Florida Housing Finance Corporation, received a petition for waiver from Salt Creek Apartments, Ltd., requesting a waiver from Rule 67-48.010, F.A.C., for the forgiveness of all outstanding SAIL interest pursuant to Rule 67-48.010, F.A.C., multiplied by .05 multiplied by the number of years, not to exceed 15, that the very low income set-aside was extended beyond that required by law. A waiver/variance of the rule will allow the Petitioner to continue to operate the affordable housing project and will facilitate a new loan structure wherein the principal balance of the loan will amortize.

A copy of the Petition for Variance or Waiver may be obtained by contacting: Ashley Marie Black, Corporation Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. 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 32301-1329.