9438893, 67-48.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 9438893

Notice of Proposed Rule

Department:

FLORIDA HOUSING FINANCE CORPORATION

Chapter:

COMPETITIVE AFFORDABLE MULTIFAMILY RENTAL HOUSING PROGRAMS SAIL/HOME/HC

Overview

RULE:

67-48.002

Definitions

PURPOSE:

The purpose of this Rule Subsection is to establish the procedures by which the Corporation shall Administer the Application process, determine Housing Credit amounts and implement the provisions of the Housing Credit (HC) Program authorized by Section 42 of the IRC and Section 420.5099, Florida Statutes.
The intent of this Rule Subsection is to encourage public-private partnerships to invest in residential housing; to stimulate the construction and rehabilitation of residential housing which in turn will stimulate the job market in the construction and related industries; and to increase and improve the supply of affordable housing in the state of Florida.

SUMMARY:

Prior to the opening of an Application Cycle, the Corporation (1) researches the market need for affordable housing throughout the state of Florida and (2) evaluates prior Application Cycles to determine what changes or additions should be added to the QAP. The proposed amendments to the Rule Subsection and adopted reference material include changes that will create a formulated process for selecting Developments that will apply in Florida Housing’s Programs.

RULEMAKING AUTHORITY:

420.507 FS.

LAW:

420.5099 FS.

PRINT PUBLISH DATE:

12/3/2010 Vol. 36/48

COMMENTS:

From 12/3/2010 To 12/24/2010 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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