Section 67-25.012 - Eligible PersonsIn determining the maximum annual family income of eligible persons under a single-family bond program, the Corporation shall take into consideration the following:
(1) The amount of total income and assets which are available for housing needs of such persons or families. The income to be taken into account in determining the gross monthly income is the income of the mortgagor (or mortgagors) and any other person who is expected to principally and permanently reside in the residence being financed;(2) The size of the family;(3) The cost and condition of available housing facilities;(4) The ability of such persons or families to compete successfully in the normal private housing market and to pay the amounts at which private enterprise is providing decent, safe and sanitary housing; and,(5) The standards established for various federal programs determining eligibility based on income of such persons or families.Fla. Admin. Code Ann. R. 67-25.012
Rulemaking Authority 420.507(12) FS. Law Implemented 420.502, 420.507(14), 420.507(21) FS.
New 4-15-87, Formerly 9I-25.012, Amended 12-16-03.New 4-15-87, Formerly 9I-25.012, Amended 12-16-03.