Florida Housing Finance Corporation, Departmental

FLORIDA HOUSING FINANCE CORPORATION
Departmental

NOTICE OF PROPOSED ISSUANCE SINGLE FAMILY HOMEOWNER MORTGAGE REVENUE BONDS

Pursuant to Rule 67-25.005, Florida Administrative Code, notice is hereby given that the Florida Housing Finance Corporation (the “Corporation”) intends to issue bonds in an amount not to exceed $200,000,000 in order to provide funding for qualified mortgage loans for owner-occupied residences within the State of Florida. Proceeds of the bonds are expected to be available to eligible home buyers in any county of the State of Florida subject to the participation of lending institutions and the counties they elect to serve.

Any home mortgage lending institution that is a qualified FHA–approved mortgagee (with direct endorsement underwriting authority preferred); or a VA-approved lender (with automatic approval authority preferred); or an USDA/RD approved lender (unless waived by the Servicer); or with respect to Conventional Mortgage loans, is a Fannie Mae and/or Freddie Mac approved lender in good standing; has errors and omissions coverage of at least $300,000; meets the requirements of the Servicer and Florida Housing with respect to financial status; and is acceptable to a Fannie Mae and/or Freddie Mac PMI Insurer, that is interested in receiving an Invitation and Application to Participate in the program should contact the Corporation by telephone at [phone], by facsimile at [phone], or in writing at 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. Any questions or concerns regarding the proposed issuance of bonds should be directed to Keantha Belton, Single Family Bonds Program Manager at [phone].