5837380, 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: 5837380

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 return of funding or allocation awarded under the Multifamily Mortgage Revenue Bond (MMRB) Program authorized by Section 142 of the Code and Section 420.509, Florida Statutes.
The intent of this Rule is to govern the distribution of returned awards of funding.

SUMMARY:

Under certain circumstances, an Affiliate, Financial Beneficiary or Principal of an Applicant will be ineligible for any award of funding available after final ranking in the current funding cycle and in the next funding cycle.

RULEMAKING AUTHORITY:

420.507, 420.508 FS.

LAW:

420.507, 420.508, 420.509 FS.

PRINT PUBLISH DATE:

7/11/2008 Vol. 34/28

COMMENTS:

From 7/11/2008 To 8/1/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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