23197664, 67ER20-1 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 23197664

Notice of Emergency Rule

Department:

FLORIDA HOUSING FINANCE CORPORATION

Overview

RULE:

67ER20-1

Rent Increases

SPECIFIC REASONS FOR FINDING AN IMMEDIATE DANGER TO THE PUBLIC HEALTH, SAFETY OR WELFARE:

As a result of the economic impacts of the Covid-19 pandemic many low-income residents of Florida are facing unprecedented financial difficulties in meeting their rent obligations.  Florida Housing Finance Corporation finds that any rent increases during this Public Health Emergency would create an immediate danger to the public welfare and that creating incentives for owners of properties financed by the Corporation to suspend any rent increases during the emergency would help to alleviate this danger. Florida Housing also finds that it is necessary for the rule to become effective immediately on filing because of the immediate danger to the public welfare.

REASON FOR CONCLUDING THAT THE PROCEDURE IS FAIR UNDER THE CIRCUMSTANCES:

This emergency rule will put developers on notice that implementing any rent increases during the Public Health Emergency could impact their ability to receive funding from the Corporation in the future.

SUMMARY:

This rule provides that owners or developers of affordable housing that suspend any rent increases during the Public Health Emergency will receive preferences in future funding solicitations issued by the Corporation.

THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS:

Hugh Brown, General Counsel.

PRINT PUBLISH DATE:

5/1/2020 Vol. 46/86

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=67ER20-1&PDate=5/1/2020&Section=4

REFERENCE MATERIALS:

No reference(s).

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