28357967, 67-21.0025 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28357967

Notice of Development of Rulemaking

Department:

FLORIDA HOUSING FINANCE CORPORATION

Chapter:

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

Overview

RULE:

67-21.0025	Miscellaneous Criteria
67-21.003	Application and Selection Process for Developments
67-21.014	MMRB Credit Underwriting Procedures
67-21.026	HC Credit Underwriting Procedures

PURPOSE:

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 IRC 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 IRC and Section 420.5099, Florida Statutes.

SUBJECT:

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:

420.509, 420.5099 FS.

PRINT PUBLISH DATE:

5/14/2024 Vol. 50/95

RELATED STATUTES
AND LAWS:

420.507, 420.508 FS., 420.509, 420.5099 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=67-21.0025&PDate=5/14/2024&Section=1

REFERENCE MATERIALS:

No reference(s).

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