6958021, 67-53.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 6958021

Notice of Proposed Rule

Department:

FLORIDA HOUSING FINANCE CORPORATION

Chapter:

COMPLIANCE PROCEDURES

Overview

RULE:

67-53.003	Compliance Procedures (Repealed)
67-53.0035	Florida Housing Finance Corporation
67-53.004	Right to Inspect and Monitor Elderly Housing Community Loan (EHCL) Funded Developments
67-53.006	Compliance and Monitoring Procedures for the Pre-Development Loan Program (PLP)
67-53.007	Compliance Procedures (Repealed)
67-53.008	Compliance and Reporting Requirements for State Apartment Incentive Loan (SAIL) Program, HOME Investment Partnerships (HOME) Rental Program, Multifamily Mortgage Revenue Bond (MMRB) Program, Housing Credit (HC) Program, Rental Recovery Loan Program (RRLP), and Elderly Housing Community Loan Program (EHCL)
67-53.009	Compliance and Monitoring for Homeownership Assistance Program (HAP) and Homeownership Programs
67-53.010	Forms (Repealed)

PURPOSE:

The purpose of this Rule is to establish the compliance procedures by which Florida Housing or any duly authorized representative of Florida Housing shall be permitted at any reasonable time to inspect and monitor developments and tenant records and facilities.

SUMMARY:

Florida Housing recognizes a need for technical revisions and to require developers to provide Florida Housing with audited statements and a cash flow form so Florida Housing can monitor the credit quality of the portfolio and to assist Florida Housing in making policy decisions as the markets dictate.

RULEMAKING AUTHORITY:

420.507(12), 420.508(3)(a) FS.

LAW:

420.507(4), (13), (14), 420.508, 420.509 FS.

PRINT PUBLISH DATE:

3/27/2009 Vol. 35/12

COMMENTS:

From 3/27/2009 To 4/17/2009 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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