August 13, 2020
Print This PagePrint This Page

  *
Session:
Bill #:
Session:
Chamber: View Search Tips
Search Term:
Year: View Search Tips
Search Term:
Select Year:
The Florida Statutes

The 2009 Florida Statutes

Title XXX
SOCIAL WELFARE
Chapter 420
HOUSING
View Entire Chapter
Section 420.527, Florida Statutes 2009

420.527  Application procedure.--

(1)  Applications shall be submitted to the corporation in a form that it establishes by rule.

(2)  By rule, the corporation shall establish the criteria for determining threshold compliance with corporation objectives. Final decisions regarding funding shall be approved by the corporation board. The corporation board shall determine the tentative loan or grant amount available to each program participant. The actual loan or grant amount shall be determined pursuant to rule specifying credit underwriting procedures.

(3)  The criteria to be used to determine threshold compliance shall include, but are not limited to, the following:

(a)  Income target objectives of the corporation.

(b)  Sponsor's agreement to reserve more than the minimum number of units for low-income households and very-low-income households.

(c)  Projects requiring the least amount of predevelopment funds compared to total predevelopment costs.

(d)  Sponsor's prior experience.

(e)  Commitments of other financing.

(f)  Sponsor's ability to proceed.

(g)  Project's consistency with the local government comprehensive plan.

History.--s. 13, ch. 88-376; s. 15, ch. 92-317; s. 17, ch. 93-181; s. 29, ch. 97-167; s. 6, ch. 2002-160.

Note.--Former s. 420.309.

Site Map
Session:   Bills ·   Calendars ·   Bound Journals ·   Citator ·   Search ·   Appropriations ·   Redistricting ·   Bill Information Reports
Committee Publications
Historical Information
Statutes:   Introduction ·   View Statutes ·   Search Statutes
Flsenate.gov
Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes.    Copyright © 2000-2020 State of Florida.     Privacy Statement     Contact Us     Get Acrobat Reader