HOMEOWNERSHIP POOL PROGRAM

NOTICE OF FUNDING AVAILABILITY (NOFA)

The Florida Housing Finance Corporation (“Florida Housing”) announces the commencement of the Homeownership Pool (HOP) Program.

It is anticipated that approximately $10,000,000 in HOME funding will be made available to eligible homebuyers under this program. Funding will be awarded in accordance with Rule Chapter 67-57, Florida Administrative Code (F.A.C.).

The following set-asides will apply:

15%                Community Housing Development Organizations (CHDOs)

15%                Self-Help Housing

50%                Non-Participating Jurisdictions (Non-PJs)

20%                Participating Jurisdictions (PJs)

Funding will be made available under these set-asides, in the order listed above as applicable, in the form of reservations for eligible homebuyers on a first-come, first-served basis. Any unreserved funds remaining at the time a new NOFA is made for this program will be reallocated for use with the new funding amount.

For more information on the HOP Program, including Rule Chapter 67-57, F.A.C., please access Florida Housing’s website at http://www.floridahousing.org/Home/Developers /HomeownershipPrograms/HOP/default.htm or contact Bridget Warring, (850)488-4197. If you are hearing or speech impaired, please contact Florida Housing using the dual Party Relay System at (800)955-8770 or (800)955-8771.