Section 67-58.006 - General Program Procedures and Restrictions(1) Loans, excluding loans made pursuant to Rule 67-58.015, F.A.C., shall be in an amount not to exceed 50 percent of the Total Project Cost attributable to the units set aside for Workforce Housing, or the minimum amount required to make the Project economically feasible, whichever is less, as determined by the Credit Underwriter.(2) An Applicant is not eligible to apply for or receive CWHIP Program funding if any of the following pertain to the proposed Project: (a) The proposed Project is utilizing State Apartment Incentive Loan (SAIL) or HOME Rental funding from the Corporation.(b) The Applicant has accepted a preliminary commitment of CWHIP funding from a prior cycle for the proposed Project unless the Applicant has provided written notice to the Corporation prior to the Application Deadline for the current cycle that it is withdrawing its acceptance and returning its funding.(3) A Project is only eligible to receive CWHIP funds if it is New Construction or Rehabilitation.Fla. Admin. Code Ann. R. 67-58.006
Rulemaking Authority 420.5095 FS. Law Implemented 420.5095 FS.