Notice of Variances and Waivers
RULE NO: RULE TITLE67-48.010
: Terms and Conditions of SAIL Loans
NOTICE IS HEREBY GIVEN that on October 22, 2009, the Florida Housing Finance Corporation, received a petition for Waiver/Variance for subsection 67-48.010(8), F.A.C., from Cape Morris Cove II Partners, LLLP. The petition is seeking a waiver to require the annual payment SAIL loan interest without it being able to defer such payment of interest based on the amount of available Development Cash Flow.
A copy of the Petition for Variance or Waiver may be obtained by contacting: Della Harrell, Corporation Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329. The Petition has also been posted on Florida Housing’s website: www.floridahousing.org. Florida Housing will accept comments concerning the Petition for 14 days from the date of publication of this notice. To be considered, comments must be received on or before 5:00 p.m. (Eastern Standard Time), on the 14th day after publication of this notice at: Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329.