Prior to the opening of a funding process, the Corporation (1) researches the market need for affordable housing throughout the state of Florida and (2) evaluates prior competitive funding processes to determine what changes or additions should be added to the Rule, competitive solicitations, and the Qualified Allocation Plan (QAP). The proposed amendments to the Rule and adopted reference material include changes that will create a formulated process for selecting Developments that will apply under these funding programs. The Elderly Housing Community Loan (EHCL) Program was removed from Section 420.5087, F.S. by the Florida Legislature. As a result, rules 67-48.040 and 67-48.041 are being repealed.