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Florida Administrative Code (Last Updated: April 18, 2024) |
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67. Florida Housing Finance Corporation |
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D67. Departmental |
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67-59. Hardest Hit Fund |
1(1) Applicants may apply online at 7www.principalreductionflhhf.org8. Applicants without internet access may call (877)863-5244 for assistance.
18(2) Once their application has been received, Applicants will be assigned to a Florida Housing-approved third party advisor agency that will work with the Applicant and collect the information necessary to make a preliminary eligibility determination.
54(3) An Applicant whom an advisor agency determines to be preliminarily eligible for the PR Program will be submitted to Florida Housing for review and underwriting of the preliminary determination of eligibility.
86(4) An Applicant deemed ineligible will be issued a letter specifying the reason(s) for ineligibility and provided information on how to dispute the determination.
110(5) Upon confirmation of the preliminary determination that an Applicant has met the eligibility criteria, Florida Housing will offer to make payments to the Applicant’s mortgage servicer pursuant to the terms of the PR Program. Should the Applicant’s mortgage servicer decline to participate in the Hardest Hit Fund Programs or decline to accept payments on the Applicant’s loan, then Florida Housing will be unable to provide any assistance to the Applicant. Applicants will be notified if they have been declined by their mortgage servicer.
194Rulemaking Authority 196420.507(33) FS. 198Law Implemented 200420.507(33) FS. 202History–New 12-12-13.
