Section 67-50.001 - Purpose and IntentThe purpose of this rule chapter is to establish the Homeownership Loan Program procedures by which the Corporation shall:
(1) Administer the Application process, determine loan amounts, and service loans to Developers for the construction of affordable housing and provide purchase assistance to Eligible Homebuyers under the Florida Homeownership Assistance Program (HAP)/Construction Loan Program as authorized by Sections 420.507 and 420.5088, Florida Statutes (F.S.); and,(2) Administer the Application process, determine loan amounts, and service loans to Developers for the construction of affordable housing and provide purchase assistance to Eligible Homebuyers under the HOME Investment Partnerships (HOME) Homeownership Program as authorized by Section 420.5089, F.S., and HUD regulations, 24 CFR §92, which is adopted and incorporated into this rule chapter by reference and which is available on the HUD website at http://www.hud.gov/offices/cpd/affordablehousing/programs/home/index.cfm.Fla. Admin. Code Ann. R. 67-50.001
Rulemaking Authority 420.507(12), (14) FS. Law Implemented 420.507(23), 420.5088, 420.5089(2) FS.
New 9-5-02, Amended 12-28-04, 8-9-05.New 9-5-02, Amended 12-28-04, 8-9-05.