Florida Housing Finance Corporation will hold a Workshop on SAIL Program Pilot to Allow First Mortgage Refinancing for Recapitalization. Florida Housing Finance Corporation’s Portfolio Preservation Action Plan includes a strategy that would ...

 

FLORIDA HOUSING FINANCE CORPORATION

The Florida Housing Finance Corporation announces a workshop to which all persons are invited.

DATE AND TIME: October 24, 2018, 2:00 p.m., Eastern Time

PLACE: The workshop will be available by telephone or interested parties may attend in person at Florida Housing’s offices located at 227 N. Bronough Street, Seltzer Room, Suite 6000, Tallahassee, Florida.

GENERAL SUBJECT MATTER TO BE CONSIDERED: Florida Housing Finance Corporation will hold a Workshop on SAIL Program Pilot to Allow First Mortgage Refinancing for Recapitalization.

Florida Housing Finance Corporation’s Portfolio Preservation Action Plan includes a strategy that would permit the refinancing of non-acquisition first mortgages without a SAIL paydown with moderate rehabilitation (i.e., $5,000 - $10,000/unit) of stabilized affordable multifamily developments, that are at least 20 years old. The Action Plan can be found at: http://www.floridahousing.org/docs/default-source/data-docs-and-reports/boardpackages/2018/september-14/information-supplement---full-package-fhfc-portfolio-preservation-action-plan-sept-2018-amended.pdf?sfvrsn=3756057b_2

The workshop is intended to discuss the pilot program approach with an opportunity for the public to provide comments and suggestions.

A copy of the agenda may be obtained by contacting: Laura Cox at [phone].

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: Laura Cox 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).

If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.