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

 

FLORIDA HOUSING FINANCE CORPORATION

RULE NOS.:RULE TITLES:

67-21.001Purpose and Intent

67-21.002Definitions

67-21.0025Miscellaneous Criteria

67-21.003Application and Selection Process for Developments

67-21.004Federal Set-Aside Requirements for MMRB Loans

67-21.0045Determination of Method of Bond Sale

67-21.006MMRB Development Requirements

67-21.007MMRB Fees

67-21.008Terms and Conditions of MMRB Loans

67-21.009Interest Rate on Mortgage Loans

67-21.010Issuance of Revenue Bonds

67-21.013Non-Credit Enhanced Multifamily Mortgage Revenue Bonds

67-21.014MMRB Credit Underwriting Procedures

67-21.015Use of Bonds with Other Affordable Housing Finance Programs

67-21.017Transfer of Ownership of a MMRB Development

67-21.018Refundings and Troubled Development Review

67-21.019Issuance of Bonds for Section 501(c)(3) Entities

67-21.025HC Fees

67-21.026HC Credit Underwriting Procedures

67-21.027HC General Program Procedures and Requirements

67-21.028HC with Tax-Exempt Bond-Financed Developments

67-21.029HC Extended Use Agreement

67-21.030Sale or Transfer of a Housing Credit Development

67-21.031Qualified Contracts

PURPOSE AND EFFECT: The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, F.S., and (2) administer the Application process, determine Non-Competitive Housing Credit amounts and implement the provisions of the Non-Competitive Housing Credit process 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 the development of the Non-Competitive Application and the program requirements for MMRB and Non-Competitive Housing Credits, as specified in Rule Chapter 67-21, Florida Administrative Code (F.A.C.).

RULEMAKING AUTHORITY: 420.507, 420.508 FS.

LAW IMPLEMENTED: 420.509, 420.5099 FS.

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

DATE AND TIME: Thursday, February 23, 2023, at 2:00 p.m. Eastern Time

PLACE: The workshop will be held in person at the offices of Florida Housing Finance Corporation at 227 N. Bronough Street, Seltzer Room, Tallahassee, Florida. Interested persons may also attend by Webinar. Registration instructions for the Webinar are available on the Corporation’s Website https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/current-rules-and-rule-development-process.

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: Elizabeth Thorp 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: Marisa Button, Managing Director of Multifamily Programs

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