Rule: 67-21.026 Prev Up Next
| Rule Title: HC Credit Underwriting Procedures | |||
| Department: | FLORIDA HOUSING FINANCE CORPORATION |
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| Division: | Departmental | ||
| Chapter: | NON-COMPETITIVE AFFORDABLE MULTIFAMILY RENTAL HOUSING PROGRAMS (MMRB/HC) | ||
Latest version of the final adopted rule presented in Florida Administrative Code (FAC):
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Effective Date: | 8/27/2024 |
| History Notes: | Rulemaking Authority 420.507, 420.508 FS. Law Implemented 420.5099 FS. History–New 7-16-13, Amended 2-2-15, 9-15-16, 5-24-17, 7-8-18, 7-11-19, 6-23-20, 5-18-21, 7-6-22, 6-28-23, 8-27-24. | |
| References in this version: |
Ref-00469 Eligible Reserve for Replacement Items, Effective 10/15/2010 Ref-02851 Eligible Reserve for Replacement Items List, effective October 15, 2010 |
| Notice / Adopted |
Description | ID | Publish Date |
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On October 22, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.027(6), 67-21.026(12)(b) and 67-21.003(1)(b), Florida Administrative Code (2020) and a Portion of the Non-Competitive .... | 28910867 |
10/24/2024 Vol. 50/209 |
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waiver of Rules 67-21.027(6), 67-21.003(1)(b), and 67-21.026(12)(b) Florida Administrative Code (06/23/2020) and the Non-Competitive Application Instructions (Rev. 04/2020) from Goodlette Arms Preservation, LP to 1. permit .... | 28839766 |
10/7/2024 Vol. 50/196 |
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On September 30, 2024, the Florida Housing Finance Corporation issued an amended order granting the waiver from Rules 67-21.026(13)(e), 67-21.014(2)(r)6, and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) from Ambar .... | 28817262 |
10/1/2024 Vol. 50/192 |
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On August 26, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(h), Florida Administrative Code (2020) for WRDG T3D, LP, allowing Petitioner's General Contractor to .... | 28688737 |
8/28/2024 Vol. 50/169 |
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On August 26, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.026(13(g), 67-21.014(2)(r)(8) and 67-48.0072(17)(h), Florida Administrative Code (2018) for Solimar Associates, .... | 28688640 |
8/28/2024 Vol. 50/169 |
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HC Credit Underwriting Procedures | 28626172 |
Effective: 08/27/2024 |
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waiver of Rules 67-21.026(13)(h) Florida Administrative Code (06/23/2020) from WRDG T3D, LP, allowing the General Contractor to subcontract to an Affiliate on the condition that no General Contractor Fee will be taken on .... | 28577672 |
7/25/2024 Vol. 50/145 |
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waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) and on July 24, 2024, an amended petition was received for waiver of Rules 67-21.026(13)(e), 67-21.014(2)(r)6, and 67-48.0072(17)(f) .... | 28577381 |
7/25/2024 Vol. 50/145 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 28500751 |
7/1/2024 Vol. 50/128 |
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waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) from Ambar Trail, Ltd., such that the General Contractor may perform construction or inspection work that is normally performed .... | 28462533 |
6/19/2024 Vol. 50/120 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 28357967 |
5/14/2024 Vol. 50/95 |
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On March 27, 2024, the Florida Housing Finance Corporation entered the Order Granting Waiver of Rule 67-21.026(10), Fla. Admin. Code (2022) for Fairfield Running Brook II, LP, waiving the requirement to perform the Immediate .... | 28207035 |
3/28/2024 Vol. 50/62 |
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On March 27, 2024, the Florida Housing Finance Corporation entered the Order Granting Waiver of Rule 67-21.026(13)(e), Fla. Admin. Code (2022) for Lakeview Tower Venture, LP, allowing the Development’s general contractor .... | 28205871 |
3/28/2024 Vol. 50/62 |
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waiver of Rule 67-21.026(13)(e), Florida Administrative Code from Lakeview Tower Venture, LP relating to the work that a General Contractor may perform, the Applicant's certification and acknowledgment form, for the amount .... | 28117504 |
3/5/2024 Vol. 50/45 |
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waiver of Rule 67-21.026(10), Florida Administrative Code for Fairfield Running Brook II, LP which requires a guaranteed maximum price construction contract (a "GMP Contract") for all the eligible rehabilitation work. | 28076085 |
2/20/2024 Vol. 50/35 |
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On December 18, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) Florida Administrative Code (2022) for Homestead Portfolio, LP, allowing the Development's general .... | 27884704 |
12/19/2023 Vol. 49/244 |
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On December 5, 2023, the Florida Housing Finance Corporation entered the Order Closing File for the Fairfield Running Brook II, LP's Petition for Waiver of Rule 67-21.026(10), F.A.C. The Petition was filed on October 11, .... | 27839599 |
12/7/2023 Vol. 49/236 |
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waiver of Rule 67-21.026(13)(e), Florida Administrative Code from Homestead Portfolio, LP permitting the General Contractor to self-perform work in excess of the $35,000 or 5 percent of the construction contract limitation..... | 27773057 |
11/14/2023 Vol. 49/221 |
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On October 30, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(10), Florida Administrative Code (2018) for Orlando Leased Housing Associates XI, LLLP, waiving the requirement .... | 27732414 |
11/2/2023 Vol. 49/214 |
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waiver of Rule 67-21.026(10) Florida Administrative Code from Fairfield Running Brook II LP, which requires a guaranteed maximum price construction contract for all of the rehabilitation work. | 27662865 |
10/12/2023 Vol. 49/199 |
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waiver of Rule 67-21.026(10), Florida Administrative Code (2018) from Orlando Leased Housing Associates XI, LLLP, waiving the requirement that a eligible rehabilitation work be performed under at Guaranteed Maximum Price .... | 27643562 |
10/6/2023 Vol. 49/195 |
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On September 11, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) Florida Administrative Code (2022) for 414 East Pine Street, LP, allowing the Development's general .... | 27554613 |
9/15/2023 Vol. 49/180 |
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waiver of Rule 67-21.026(13)(e) , Florida Administrative Code from 414 East Pine Street, LP, relating to the amount of work performed by General Contractor exceeding the de minimis amount. | 27339370 |
7/18/2023 Vol. 49/138 |
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HC Credit Underwriting Procedures | 27216471 |
Effective: 06/28/2023 |
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On June 12, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e), Florida Administrative Code (07/06/2022) from Malibu Bay Preservation, Ltd., allowing the Development’s .... | 27223649 |
6/13/2023 Vol. 49/114 |
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waiver from Rules 67-21.0025(7)(c) and 67-21.026(10), Florida Administrative Code from Fairfield Cedar Grove, LP which requires that all natural persons that constitute the ownership of a principal be disclosed and eligible .... | 27150317 |
5/23/2023 Vol. 49/100 |
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waiver from Rules 67-21.0025(7)(c) and 67-21.026(10), Florida Administrative Code from Fairfield Miami Gardens, LP which requires that all natural persons that constitute the ownership of a principal be disclosed and eligible .... | 27150220 |
5/23/2023 Vol. 49/100 |
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waiver of Rule 67-21.026(13)(e), Florida Administrative Code (07/06/2022) from Malibu Bay Preservation, Ltd. allowing the GC to exceed the $350k cap. | 27110838 |
5/10/2023 Vol. 49/91 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 27080574 |
5/1/2023 Vol. 49/84 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 26993371 |
3/27/2023 Vol. 49/59 |
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On January 30, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.003(1)(b) and 67-21.026(12)(b) Florida Administrative Code (2018) and Certain Competitive Application Instructions .... | 26782881 |
2/1/2023 Vol. 49/21 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 26779195 |
1/31/2023 Vol. 49/20 |
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waiver of Rules 67-21.003(1)(b) and 67-21.026(12)(b) (eff. 7/8/18), Florida Administrative Code and the Non-Competitive Application Instructions (Rev. 05-2018) for EHDOC Council Towers Limited Partnership allowing Petitioner .... | 26706251 |
1/12/2023 Vol. 49/08 |
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On September 19, 2022, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) F.A.C. for Casa Devon Venture, LP, allowing the General Contractor to perform some work normally .... | 26315632 |
9/20/2022 Vol. 48/183 |
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waiver of from Rule 67-21.026(13)(e) Florida Administrative Code for Casa Devon Venture, LP requesting a waiver to the extent required, the Applicant’s certification and acknowledgment form, for the amount identified in .... | 26069737 |
7/14/2022 Vol. 48/136 |
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HC Credit Underwriting Procedures | 25988936 |
Effective: 07/06/2022 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... | 25819089 |
5/3/2022 Vol. 48/86 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 25640221 |
3/8/2022 Vol. 48/46 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 25524112 |
2/2/2022 Vol. 48/22 |
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On December 13, 2021, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(9) F.A.C. for The WM at the River, LP, to permit the Credit Underwriter assigned to its 4% housing credit .... | 25363771 |
12/15/2021 Vol. 47/241 |
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waiver of Rule 67-21.026(9) Florida Administrative Code from The WM at the River, LP to allow the credit underwriter to "order" the addition of the Corporation as a party to the HUD-approved Appraisal. | 25297423 |
11/23/2021 Vol. 47/227 |
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HC Credit Underwriting Procedures | 24493390 |
Effective: 05/18/2021 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... | 24303270 |
3/16/2021 Vol. 47/51 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 24216455 |
2/16/2021 Vol. 47/31 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... | 24055338 |
1/6/2021 Vol. 47/03 |
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On September 4, 2020, the Florida Housing Finance Corporation issued an order granting a waiver of Rules 67-21.003(1)(b), 67-21.026(13)(f) and 67-21.026(13)(h) Fla. Admin. Code for Platform 3750, LLP, allowing Petitioner's .... | 23628538 |
9/10/2020 Vol. 46/177 |
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On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver from Rule 67-21.026(10) F.A.C. for Civic Towers Senior, LLLP allowing Petitioner to utilize a cost plus contract without a guaranteed .... | 23448506 |
7/21/2020 Vol. 46/141 |
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On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver from Rule 67-21.026(13)(g), Fla. Admin. Code (2018) for Palmetto Leased Housing Associates I, LLLP allowing Petitioner to subcontract .... | 23447827 |
7/21/2020 Vol. 46/141 |
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waiver of Rule 67-21.026(10) Florida Administrative Code from Civic Towers Senior, LLLP, allowing it to utilize a cost plus contract without a guaranteed maximum price. | 23398260 |
7/2/2020 Vol. 46/129 |
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waiver and on June 23, 2020 received and amended petition for waiver of Rule 67-21.026(13)(g), Florida Administrative Code (2019) from Palmetto Leased Housing Associates I, LLLP so that CB-Dominium may subcontract with CB .... | 23374010 |
6/25/2020 Vol. 46/124 |
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HC Credit Underwriting Procedures | 23319302 |
Effective: 06/23/2020 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... | 23168661 |
4/21/2020 Vol. 46/78 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 22905112 |
2/10/2020 Vol. 46/27 |
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On September 23, 2019, the Florida Housing Finance Corporation issued an order granting Villa Capri II Associates, Ltd, a waiver of Rule 67-21.026(10) Fla. Admin. Code (2015) to allow the use of a stipulated sum contract .... | 22418754 |
9/26/2019 Vol. 45/188 |
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waiver of Rule 67-21.026(10) F.A.C., from Villa Capri II Associates, Ltd. to allow the use of a stipulated sum contract in lieu of a guaranteed maximum price contract. | 22263069 |
8/15/2019 Vol. 45/159 |
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HC Credit Underwriting Procedures | 22046759 |
Effective: 07/11/2019 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 21858191 |
5/14/2019 Vol. 45/94 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 21678741 |
3/29/2019 Vol. 45/62 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 21502298 |
2/11/2019 Vol. 45/28 |
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On September 14, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(10) F.A.C. for Glorieta Partners, Ltd., allowing Petitioner to use its existing stipulated sum construction .... | 20914672 |
9/19/2018 Vol. 44/183 |
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waiver of Rule 67-21.026(10) from Glorieta Partners, Ltd., and approve the use of the Stipulated Sum Contract. | 20804286 |
8/21/2018 Vol. 44/163 |
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HC Credit Underwriting Procedures | 20588752 |
Effective: 07/08/2018 |
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On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Coral Bay Cove, LLC, permitting a single subcontractor entity to work in .... | 20559361 |
6/19/2018 Vol. 44/119 |
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On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Quarry Big Coppitt II, Ltd., permitting a single subcontractor entity to .... | 20559264 |
6/19/2018 Vol. 44/119 |
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On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Quarry Big Coppitt, Ltd., permitting a single subcontractor entity to work .... | 20559070 |
6/19/2018 Vol. 44/119 |
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waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f), F.A.C., from Coral Bay Cove, LLC, requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. | 20475262 |
5/31/2018 Vol. 44/106 |
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waiver of Rules 67-21.026(13)(f) and 67-48.0072(17)(g), F.A.C., from Quarry Big Coppitt II, Ltd., requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. | 20473225 |
5/31/2018 Vol. 44/106 |
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waiver of Rules 67-21.026(13)(f) and 67-48.0072(17)(g), F.A.C., from Quarry Big Coppitt, Ltd., requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. | 20473128 |
5/31/2018 Vol. 44/106 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 20383597 |
5/8/2018 Vol. 44/90 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 20158945 |
3/8/2018 Vol. 44/47 |
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On January 26, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rule 67-21.026(10), F.A.C. from Boca Ciega Partner TC, LP, allowing Petitioner to continue to use its existing stipulated sum .... | 20011699 |
1/30/2018 Vol. 44/20 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 20001417 |
1/29/2018 Vol. 44/19 |
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waiver of Rule 67-21.026(10) from Boca Ciega Partners TC, LP, and approve the use of the Stipulated Sum Contract. | 19936815 |
1/10/2018 Vol. 44/07 |
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On October 27, 2017, the Florida Housing Finance Corporation issued an order granting waiver of Rule 67-21.026(10), F.A.C. from River Oaks Partners, Ltd, allowing a waiver of the use of a stipulated sum contract in contracting .... | 19641838 |
10/31/2017 Vol. 43/211 |
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waiver from River Oaks Partners, Ltd., requesting to waive Rule 67-21.026(10), F.A.C., which no longer allows the use of a stipulated sum contract in contracting with general contractors. | 19521849 |
10/11/2017 Vol. 43/197 |
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HC Credit Underwriting Procedures | 18942274 |
Effective: 05/24/2017 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 18782612 |
3/28/2017 Vol. 43/60 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 18532061 |
1/25/2017 Vol. 43/16 |
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HC Credit Underwriting Procedures | 17951419 |
Effective: 09/15/2016 |
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Miscellaneous Criteria, HC Credit Underwriting Procedures | 17819305 |
7/28/2016 Vol. 42/146 |
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waiver of rule from Stanley Terrace, Ltd. requesting a waiver of rule 67-21.026(10) F.A.C, regarding Housing Credit Underwriting Procedures for Non-Competitive Applications requiring a guaranteed maximum price construction .... | 17716291 |
7/1/2016 Vol. 42/128 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 17698637 |
6/28/2016 Vol. 42/125 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 17358749 |
3/30/2016 Vol. 42/62 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 17151169 |
2/15/2016 Vol. 42/30 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 16973853 |
1/5/2016 Vol. 42/02 |
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HC Credit Underwriting Procedures | 15570069 |
Effective: 02/02/2015 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 15087203 |
9/23/2014 Vol. 40/185 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 14606859 |
5/23/2014 Vol. 40/101 |
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The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... | 14329148 |
3/17/2014 Vol. 40/52 |
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HC Credit Underwriting Procedures | 13201911 |
Effective: 07/16/2013 |
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Definitions, Application and Selection Process for Developments, Development Requirements, Fees, Terms and Conditions of MMRB Loans, Credit Underwriting Procedures, Refundings and Troubled Development .... | 13079497 |
6/4/2013 Vol. 39/108 |
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Purpose and Intent, Definitions, Miscellaneous Criteria, Application and Selection Process for Developments, Applicant Administrative Appeal Procedures, Federal Set-Aside Requirements, Determination of .... | 12966977 |
5/7/2013 Vol. 39/89 |
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The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... | 12940690 |
4/30/2013 Vol. 39/84 |
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