Rule: 67-21.026 Prev   Up   Next

Rule Title: HC Credit Underwriting Procedures
Department: FLORIDA HOUSING FINANCE CORPORATION    Add to MyFLRules Favorites
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Division: Departmental
Chapter: NON-COMPETITIVE AFFORDABLE MULTIFAMILY RENTAL HOUSING PROGRAMS (MMRB/HC)

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

VIEW_RULE Effective Date: 8/27/2024
History Notes: Rulemaking Authority 420.507, 420.508 FS. Law Implemented 420.5099 FS. History–New 7-16-13, Amended 2-2-15, 9-15-16, 5-24-17, 7-8-18, 7-11-19, 6-23-20, 5-18-21, 7-6-22, 6-28-23, 8-27-24.
References in this version: Ref-00469 Eligible Reserve for Replacement Items, Effective 10/15/2010
Ref-02851 Eligible Reserve for Replacement Items List, effective October 15, 2010
History of this Rule since Jan. 6, 2006
Notice /
Adopted
Section Description ID Publish
Date
View Text Variances
67-21.003
......
waiver of Rules 67-21.027(6), 67-21.003(1)(b), and 67-21.026(12)(b) Florida Administrative Code (06/23/2020) and the Non-Competitive Application Instructions (Rev. 04/2020) from Goodlette Arms Preservation, LP to 1. permit .... 28839766 10/7/2024
Vol. 50/196
View Text Variances
67-21.014
......
On September 30, 2024, the Florida Housing Finance Corporation issued an amended order granting the waiver from Rules 67-21.026(13)(e), 67-21.014(2)(r)6, and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) from Ambar .... 28817262 10/1/2024
Vol. 50/192
View Text Variances
67-21.026
On August 26, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(h), Florida Administrative Code (2020) for WRDG T3D, LP, allowing Petitioner's General Contractor to .... 28688737 8/28/2024
Vol. 50/169
View Text Variances
67-21.014
......
On August 26, 2024, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.026(13(g), 67-21.014(2)(r)(8) and 67-48.0072(17)(h), Florida Administrative Code (2018) for Solimar Associates, .... 28688640 8/28/2024
Vol. 50/169
View Text Final
67-21.026
HC Credit Underwriting Procedures 28626172 Effective:
08/27/2024
View Text Variances
67-21.026
waiver of Rules 67-21.026(13)(h) Florida Administrative Code (06/23/2020) from WRDG T3D, LP, allowing the General Contractor to subcontract to an Affiliate on the condition that no General Contractor Fee will be taken on .... 28577672 7/25/2024
Vol. 50/145
View Text Variances
67-21.014
......
waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) and on July 24, 2024, an amended petition was received for waiver of Rules 67-21.026(13)(e), 67-21.014(2)(r)6, and 67-48.0072(17)(f) .... 28577381 7/25/2024
Vol. 50/145
View Text Proposed
67-21.0025
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 28500751 7/1/2024
Vol. 50/128
View Text Variances
67-21.026
waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) Florida Administrative Code (7-11-19) from Ambar Trail, Ltd., such that the General Contractor may perform construction or inspection work that is normally performed .... 28462533 6/19/2024
Vol. 50/120
View Text Development
67-21.0025
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 28357967 5/14/2024
Vol. 50/95
View Text Variances
67-21.026
On March 27, 2024, the Florida Housing Finance Corporation entered the Order Granting Waiver of Rule 67-21.026(10), Fla. Admin. Code (2022) for Fairfield Running Brook II, LP, waiving the requirement to perform the Immediate .... 28207035 3/28/2024
Vol. 50/62
View Text Variances
67-21.026
On March 27, 2024, the Florida Housing Finance Corporation entered the Order Granting Waiver of Rule 67-21.026(13)(e), Fla. Admin. Code (2022) for Lakeview Tower Venture, LP, allowing the Development’s general contractor .... 28205871 3/28/2024
Vol. 50/62
View Text Variances
67-21.026
waiver of Rule 67-21.026(13)(e), Florida Administrative Code from Lakeview Tower Venture, LP relating to the work that a General Contractor may perform, the Applicant's certification and acknowledgment form, for the amount .... 28117504 3/5/2024
Vol. 50/45
View Text Variances
67-21.026
waiver of Rule 67-21.026(10), Florida Administrative Code for Fairfield Running Brook II, LP which requires a guaranteed maximum price construction contract (a "GMP Contract") for all the eligible rehabilitation work. 28076085 2/20/2024
Vol. 50/35
View Text Variances
67-21.026
On December 18, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) Florida Administrative Code (2022) for Homestead Portfolio, LP, allowing the Development's general .... 27884704 12/19/2023
Vol. 49/244
View Text Variances
67-21.026
On December 5, 2023, the Florida Housing Finance Corporation entered the Order Closing File for the Fairfield Running Brook II, LP's Petition for Waiver of Rule 67-21.026(10), F.A.C. The Petition was filed on October 11, .... 27839599 12/7/2023
Vol. 49/236
View Text Variances
67-21.026
waiver of Rule 67-21.026(13)(e), Florida Administrative Code from Homestead Portfolio, LP permitting the General Contractor to self-perform work in excess of the $35,000 or 5 percent of the construction contract limitation..... 27773057 11/14/2023
Vol. 49/221
View Text Variances
67-21.026
On October 30, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(10), Florida Administrative Code (2018) for Orlando Leased Housing Associates XI, LLLP, waiving the requirement .... 27732414 11/2/2023
Vol. 49/214
View Text Variances
67-21.026
waiver of Rule 67-21.026(10) Florida Administrative Code from Fairfield Running Brook II LP, which requires a guaranteed maximum price construction contract for all of the rehabilitation work. 27662865 10/12/2023
Vol. 49/199
View Text Variances
67-21.026
waiver of Rule 67-21.026(10), Florida Administrative Code (2018) from Orlando Leased Housing Associates XI, LLLP, waiving the requirement that a eligible rehabilitation work be performed under at Guaranteed Maximum Price .... 27643562 10/6/2023
Vol. 49/195
View Text Variances
67-21.026
On September 11, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) Florida Administrative Code (2022) for 414 East Pine Street, LP, allowing the Development's general .... 27554613 9/15/2023
Vol. 49/180
View Text Variances
67-21.026
waiver of Rule 67-21.026(13)(e) , Florida Administrative Code from 414 East Pine Street, LP, relating to the amount of work performed by General Contractor exceeding the de minimis amount. 27339370 7/18/2023
Vol. 49/138
View Text Final
67-21.026
HC Credit Underwriting Procedures 27216471 Effective:
06/28/2023
View Text Variances
67-21.026
On June 12, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e), Florida Administrative Code (07/06/2022) from Malibu Bay Preservation, Ltd., allowing the Development’s .... 27223649 6/13/2023
Vol. 49/114
View Text Variances
67-21.0025
......
waiver from Rules 67-21.0025(7)(c) and 67-21.026(10), Florida Administrative Code from Fairfield Cedar Grove, LP which requires that all natural persons that constitute the ownership of a principal be disclosed and eligible .... 27150317 5/23/2023
Vol. 49/100
View Text Variances
67-21.0025
......
waiver from Rules 67-21.0025(7)(c) and 67-21.026(10), Florida Administrative Code from Fairfield Miami Gardens, LP which requires that all natural persons that constitute the ownership of a principal be disclosed and eligible .... 27150220 5/23/2023
Vol. 49/100
View Text Variances
67-21.026
waiver of Rule 67-21.026(13)(e), Florida Administrative Code (07/06/2022) from Malibu Bay Preservation, Ltd. allowing the GC to exceed the $350k cap. 27110838 5/10/2023
Vol. 49/91
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 27080574 5/1/2023
Vol. 49/84
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 26993371 3/27/2023
Vol. 49/59
View Text Variances
67-21.003
......
On January 30, 2023, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.003(1)(b) and 67-21.026(12)(b) Florida Administrative Code (2018) and Certain Competitive Application Instructions .... 26782881 2/1/2023
Vol. 49/21
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 26779195 1/31/2023
Vol. 49/20
View Text Variances
67-21.003
......
waiver of Rules 67-21.003(1)(b) and 67-21.026(12)(b) (eff. 7/8/18), Florida Administrative Code and the Non-Competitive Application Instructions (Rev. 05-2018) for EHDOC Council Towers Limited Partnership allowing Petitioner .... 26706251 1/12/2023
Vol. 49/08
View Text Variances
67-21.026
On September 19, 2022, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(13)(e) F.A.C. for Casa Devon Venture, LP, allowing the General Contractor to perform some work normally .... 26315632 9/20/2022
Vol. 48/183
View Text Variances
67-21.026
waiver of from Rule 67-21.026(13)(e) Florida Administrative Code for Casa Devon Venture, LP requesting a waiver to the extent required, the Applicant’s certification and acknowledgment form, for the amount identified in .... 26069737 7/14/2022
Vol. 48/136
View Text Final
67-21.026
HC Credit Underwriting Procedures 25988936 Effective:
07/06/2022
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... 25819089 5/3/2022
Vol. 48/86
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 25640221 3/8/2022
Vol. 48/46
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 25524112 2/2/2022
Vol. 48/22
View Text Variances
67-21.026
On December 13, 2021, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.026(9) F.A.C. for The WM at the River, LP, to permit the Credit Underwriter assigned to its 4% housing credit .... 25363771 12/15/2021
Vol. 47/241
View Text Variances
67-21.026
waiver of Rule 67-21.026(9) Florida Administrative Code from The WM at the River, LP to allow the credit underwriter to "order" the addition of the Corporation as a party to the HUD-approved Appraisal. 25297423 11/23/2021
Vol. 47/227
View Text Final
67-21.026
HC Credit Underwriting Procedures 24493390 Effective:
05/18/2021
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... 24303270 3/16/2021
Vol. 47/51
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 24216455 2/16/2021
Vol. 47/31
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units .... 24055338 1/6/2021
Vol. 47/03
View Text Variances
67-21.026
On September 4, 2020, the Florida Housing Finance Corporation issued an order granting a waiver of Rules 67-21.003(1)(b), 67-21.026(13)(f) and 67-21.026(13)(h) Fla. Admin. Code for Platform 3750, LLP, allowing Petitioner's .... 23628538 9/10/2020
Vol. 46/177
View Text Variances
67-21.026
On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver from Rule 67-21.026(10) F.A.C. for Civic Towers Senior, LLLP allowing Petitioner to utilize a cost plus contract without a guaranteed .... 23448506 7/21/2020
Vol. 46/141
View Text Variances
67-21.026
On July 17, 2020, the Florida Housing Finance Corporation issued an order granting a waiver from Rule 67-21.026(13)(g), Fla. Admin. Code (2018) for Palmetto Leased Housing Associates I, LLLP allowing Petitioner to subcontract .... 23447827 7/21/2020
Vol. 46/141
View Text Variances
67-21.026
waiver of Rule 67-21.026(10) Florida Administrative Code from Civic Towers Senior, LLLP, allowing it to utilize a cost plus contract without a guaranteed maximum price. 23398260 7/2/2020
Vol. 46/129
View Text Variances
67-21.026
waiver and on June 23, 2020 received and amended petition for waiver of Rule 67-21.026(13)(g), Florida Administrative Code (2019) from Palmetto Leased Housing Associates I, LLLP so that CB-Dominium may subcontract with CB .... 23374010 6/25/2020
Vol. 46/124
View Text Final
67-21.026
HC Credit Underwriting Procedures 23319302 Effective:
06/23/2020
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage .... 23168661 4/21/2020
Vol. 46/78
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 22905112 2/10/2020
Vol. 46/27
View Text Variances
67-21.026
On September 23, 2019, the Florida Housing Finance Corporation issued an order granting Villa Capri II Associates, Ltd, a waiver of Rule 67-21.026(10) Fla. Admin. Code (2015) to allow the use of a stipulated sum contract .... 22418754 9/26/2019
Vol. 45/188
View Text Variances
67-21.026
waiver of Rule 67-21.026(10) F.A.C., from Villa Capri II Associates, Ltd. to allow the use of a stipulated sum contract in lieu of a guaranteed maximum price contract. 22263069 8/15/2019
Vol. 45/159
View Text Final
67-21.026
HC Credit Underwriting Procedures 22046759 Effective:
07/11/2019
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 21858191 5/14/2019
Vol. 45/94
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 21678741 3/29/2019
Vol. 45/62
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 21502298 2/11/2019
Vol. 45/28
View Text Variances
67-21.026
On September 14, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(10) F.A.C. for Glorieta Partners, Ltd., allowing Petitioner to use its existing stipulated sum construction .... 20914672 9/19/2018
Vol. 44/183
View Text Variances
67-21.026
waiver of Rule 67-21.026(10) from Glorieta Partners, Ltd., and approve the use of the Stipulated Sum Contract. 20804286 8/21/2018
Vol. 44/163
View Text Final
67-21.026
HC Credit Underwriting Procedures 20588752 Effective:
07/08/2018
View Text Variances
67-21.026
On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Coral Bay Cove, LLC, permitting a single subcontractor entity to work in .... 20559361 6/19/2018
Vol. 44/119
View Text Variances
67-21.026
On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Quarry Big Coppitt II, Ltd., permitting a single subcontractor entity to .... 20559264 6/19/2018
Vol. 44/119
View Text Variances
67-21.026
On June 15, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f) F.A.C. for Quarry Big Coppitt, Ltd., permitting a single subcontractor entity to work .... 20559070 6/19/2018
Vol. 44/119
View Text Variances
67-21.026
waiver of Rules 67-21.026(13)(e) and 67-48.0072(17)(f), F.A.C., from Coral Bay Cove, LLC, requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. 20475262 5/31/2018
Vol. 44/106
View Text Variances
67-21.026
waiver of Rules 67-21.026(13)(f) and 67-48.0072(17)(g), F.A.C., from Quarry Big Coppitt II, Ltd., requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. 20473225 5/31/2018
Vol. 44/106
View Text Variances
67-21.026
waiver of Rules 67-21.026(13)(f) and 67-48.0072(17)(g), F.A.C., from Quarry Big Coppitt, Ltd., requesting a waiver to allow a single subcontract for work in excess of 20% of a Development’s construction cost. 20473128 5/31/2018
Vol. 44/106
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 20383597 5/8/2018
Vol. 44/90
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 20158945 3/8/2018
Vol. 44/47
View Text Variances
67-21.026
On January 26, 2018, the Florida Housing Finance Corporation issued an order granting waiver of Rule 67-21.026(10), F.A.C. from Boca Ciega Partner TC, LP, allowing Petitioner to continue to use its existing stipulated sum .... 20011699 1/30/2018
Vol. 44/20
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 20001417 1/29/2018
Vol. 44/19
View Text Variances
67-21.026
waiver of Rule 67-21.026(10) from Boca Ciega Partners TC, LP, and approve the use of the Stipulated Sum Contract. 19936815 1/10/2018
Vol. 44/07
View Text Variances
67-21.026
On October 27, 2017, the Florida Housing Finance Corporation issued an order granting waiver of Rule 67-21.026(10), F.A.C. from River Oaks Partners, Ltd, allowing a waiver of the use of a stipulated sum contract in contracting .... 19641838 10/31/2017
Vol. 43/211
View Text Variances
67-21.026
waiver from River Oaks Partners, Ltd., requesting to waive Rule 67-21.026(10), F.A.C., which no longer allows the use of a stipulated sum contract in contracting with general contractors. 19521849 10/11/2017
Vol. 43/197
View Text Final
67-21.026
HC Credit Underwriting Procedures 18942274 Effective:
05/24/2017
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 18782612 3/28/2017
Vol. 43/60
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 18532061 1/25/2017
Vol. 43/16
View Text Final
67-21.026
HC Credit Underwriting Procedures 17951419 Effective:
09/15/2016
View Text Change
67-21.0025
......
Miscellaneous Criteria, HC Credit Underwriting Procedures 17819305 7/28/2016
Vol. 42/146
View Text Variances
67-21.026
waiver of rule from Stanley Terrace, Ltd. requesting a waiver of rule 67-21.026(10) F.A.C, regarding Housing Credit Underwriting Procedures for Non-Competitive Applications requiring a guaranteed maximum price construction .... 17716291 7/1/2016
Vol. 42/128
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 17698637 6/28/2016
Vol. 42/125
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 17358749 3/30/2016
Vol. 42/62
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 17151169 2/15/2016
Vol. 42/30
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 16973853 1/5/2016
Vol. 42/02
View Text Final
67-21.026
HC Credit Underwriting Procedures 15570069 Effective:
02/02/2015
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 15087203 9/23/2014
Vol. 40/185
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 14606859 5/23/2014
Vol. 40/101
View Text Development
67-21.001
......
The purpose of this rule chapter is to establish the procedures by which the Corporation shall (1) administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation .... 14329148 3/17/2014
Vol. 40/52
View Text Final
67-21.026
HC Credit Underwriting Procedures 13201911 Effective:
07/16/2013
View Text Change
67-21.002
......
Definitions, Application and Selection Process for Developments, Development Requirements, Fees, Terms and Conditions of MMRB Loans, Credit Underwriting Procedures, Refundings and Troubled Development .... 13079497 6/4/2013
Vol. 39/108
View Text Correction
67-21.001
......
Purpose and Intent, Definitions, Miscellaneous Criteria, Application and Selection Process for Developments, Applicant Administrative Appeal Procedures, Federal Set-Aside Requirements, Determination of .... 12966977 5/7/2013
Vol. 39/89
View Text Proposed
67-21.001
......
The purpose of this Rule Chapter is to establish the procedures by which the Corporation shall: (1) Administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily .... 12940690 4/30/2013
Vol. 39/84