Fla. Admin. Code Ann. R. 67-48.001 - Purpose and Intent
The purpose of this rule chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service
mortgage loans for new construction or rehabilitation of affordable rental
units under the State Apartment Incentive Loan (SAIL) Program authorized by
Section 420.5087, F.S., and the HOME
Investment Partnerships (HOME) Program authorized by Section
420.5089, F.S.; and,
(2) Address Competitive Housing Credit
amounts and implement the provisions of the Housing Credit (HC) Program
authorized by Section 42 of the IRC and Section
420.5099, F.S.
(3) This rule chapter shall be reviewed, and
if necessary, repealed or renewed through the rulemaking process no later than
five years from the effective date.
Notes
Rulemaking Authority 420.507, 420.508 FS. Law Implemented 420.5087, 420.5089(2), 420.5099 FS.
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