16322013, 67-21.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16322013

Notice of Proposed Rule

Department:

FLORIDA HOUSING FINANCE CORPORATION

Chapter:

NON-COMPETITIVE AFFORDABLE MULTIFAMILY RENTAL HOUSING PROGRAMS (MMRB/HC)

Overview

RULE:

67-21.003

Application and Selection Process for Developments

PURPOSE:

The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process of the Multifamily Mortgage Revenue Bond (MMRB) and Non-Competitive Housing Credit (HC) Programs, authorized by Sections 42 and 142 of the Internal Revenue Code and Sections 420.509 and 4099, F.S.

SUMMARY:

Prior to the opening of an Application process, the Corporation (1) researches the market need for affordable housing throughout the state of  Florida and (2) evaluates prior Applications to determine what changes or additions should be added to the Rule and/or Application.  The proposed amendments to the Rule and adopted reference material include changes that will create a formulated process for selecting Developments that will apply for MMRB, Non-Competitive Housing Credits, or a combination of both.

RULEMAKING AUTHORITY:

420.507, 420.508, FS.

LAW:

420.507, 420.508, 420.509, 420.5099 FS.

PRINT PUBLISH DATE:

8/10/2015 Vol. 41/154

COMMENTS:

From 8/10/2015 To 8/31/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-02846 Non-Competitive Application Package, NCA (Rev. 3-13)
Ref-04905 Non-Competitive Application Package NCA (Rev. 11-14)

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