NOTICE OF FUNDING AVAILABILITY (NOFA)
MULTIFAMILY MORTGAGE REVENUE BOND PROGRAM (MMRB)
The Florida Housing Finance Corporation (“FHFC”) announces the Year 2008 Universal Application Cycle (“2008 Universal Cycle”) for the MMRB Program.
Of the 2008 State Bond Allocation for FHFC, it is estimated that a minimum of $150,000,000, subject to approval by FHFC’s Board, will be made available to eligible multifamily rental developments for the year 2008 Universal Cycle. The amount of the allocation available for the 2008 Universal Cycle will vary based upon the amount of unused allocation, if any, from prior years; the amount, if any, allocated to the Single Family Bond Program; the amount, if any, set aside by FHFC’s Board of Directors for resolution of pending or settled litigation; and the amount, if any, otherwise made available to FHFC. The State Bond Allocation initially dedicated to the MMRB Program by the Board will be distributed as follows: 56% to large counties, 34% to medium counties and 10% to small counties.
For more information on opening and closing dates of the 2008 Universal Cycle, or on how to obtain an Application, please access Florida Housing’s Website at www.floridahousing.org or contact Blake Carson at (850)488-4197. The Universal Application Package, when available, may be obtained at the Florida Housing web site or by submitting a written request accompanied by a $50 application package fee to: Florida Housing Finance Corporation, City Centre Building, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329, ATTN: Blake Carson – Application Request. If you are hearing or speech impaired please contact Florida Housing using the Dual Party Relay System at 1(800)955-8770 or 1(800)955-8771.
All applications must be submitted to: Florida Housing Finance Corporation,