Notice of Variances and Waivers

FLORIDA HOUSING FINANCE CORPORATION
Departmental
NOTICE IS HEREBY GIVEN that on May 09, 2006 Florida Housing Finance Corporation, received a petition for an Amended Petition for Waiver of Rule 67-48.004(14)(1); 67-48.009(4); 67-48.012(g) and Part V.A.1 of the Universal Application Instructions (REV. 4-03), from Creative Choice Homes XXIX, Ltd. (“Petition”). The Petition is seeking a waiver of the Rules to allow a change in the application after the Application Deadline; Part V.A.1 of the 2003 Universal Application Instructions which limits the SAIL request amount of Medium County applicants to no more than $1.5 million or in excess of 25% of the Total Development Cost; a waiver from subsection 67-48.009(4), F.A.C., which provides that applicants cannot request additional SAIL funding for the same Development, unless specified in the Universal Application; a variance from subsection 67-48.012(g), F.A.C., which requires a minimum combined debt service coverage of 1.10 for SAIL financed developments.
A copy of the Petition for Variance or Waiver may be obtained by contacting: Sherry Green, Public Records Clerk, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329. Florida Housing will accept comments concerning the Petition for 14 days from the date of publication of this notice. To be considered, comments must be received on or before 5:00 p.m., Eastern Standard Time, on the 14th day after publication of this notice at Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32399-1329.