RULE NO.: RULE TITLE:
67-48.0072: Credit Underwriting and Loan Procedures

The Florida Housing Finance Corporation hereby gives notice:
NAME OF THE PETITIONER: COLONIAL LAKES APARTMENTS, LTD, et al
DATE PETITION WAS FILED: September 14, 2011.
RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Rule 67-48.027, F.A.C., which prohibits submitting an Application for Housing Credits to Florida Housing, until after tax exempt bonds have been issued to the Development and subsection 67-48.0072(10), F.A.C., which requires the Credit Underwriter to review and determine whether there will be a negative impact to Guarantee Fund Developments within the primary market area or within five miles of the proposed Development.
REFERENCE TO THE PLACE AND DATE OF THE PUBLICATION OF THE NOTICE OF PETITION: Florida Administrative Weekly, September 23, 2011, Vol. 37, No. 38
THE DATE THE BOARD OF DIRECTORS OF FLORIDA HOUSING FINANCE CORPORATION APPROVED THE VARIANCE OR WAIVER: October 14, 2011THE GENERAL BASIS FOR THE DECISION: The purpose of the underlying statute is to make loans to Eligible Housing Providers and Eligible Home Buyers for the construction of affordable housing. The waiver will further this purpose.
A copy of the Order or additional information may be obtained by contacting:
Della Harrell, Corporation Clerk, telephone: (850)488-4197.
EXPLANATION OF HOW A COPY OF THE ORDER CAN BE OBTAINED: Florida Housing Finance Corporation or e-mail: Della.Harrell@floridahousing.org. The Final Order is posted on Florida Housing’s website: floridahousing.org.