HC with Tax-Exempt Bond-Financed Developments (Ch. 67-21)

Fla. Admin. Code R. 67-21.028

Florida Administrative Code

Rule: 67-21.028

Rule Title: HC with Tax-Exempt Bond-Financed Developments

Department:

FLORIDA HOUSING FINANCE CORPORATION

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):

Effective Date:

7/10/2025

History Notes:

Rulemaking Authority 420.507(12) , 420.508(3)(

c) FS. Law Implemented 420.5099 FS. History–New 7-16-13, Amended 2-2-15, 9-15-16, Repromulgated 5-24-17, Amended 7-8-18, 7-11-19, 6-23-20, Repromulgated 5-18-21, 7-6-22, Amended 6-28-23, Repromulgated 7-10-25.

References in this version:

No reference(s).

History of this Rule since Jan. 6, 2006

Notice /

Adopted

Section

Description

Publish

Date

Variances

67-21.002

......

waiver of Rules 67-21.003(1)(b), 67-21.002(9) & (85) and 67-21.028(3)(j), F.A.C. (2016) from Glorieta Partners, Ltd. to permit the removal of New Vision Glorieta, LLC and Glorieta LLC, as general partners of Petitioner and ....

6/5/2026

Vol. 52/109

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 ....

5/5/2026

Vol. 52/87

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 ....

2/9/2026

Vol. 52/26

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/10/2025

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 ....

5/12/2025

Vol. 51/92

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 ....

3/25/2025

Vol. 51/58

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 ....

2/11/2025

Vol. 51/28

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

06/28/2023

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 ....

5/1/2023

Vol. 49/84

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 ....

3/27/2023

Vol. 49/59

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 ....

1/31/2023

Vol. 49/20

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/06/2022

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 ....

5/3/2022

Vol. 48/86

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 ....

3/8/2022

Vol. 48/46

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 ....

2/2/2022

Vol. 48/22

Variances

67-21.028

On August 9, 2021, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.028(3)(

a) Florida Administrative Code (2020) for NV Homestead, LP, allowing Petitioner to submit an application ....

8/10/2021

Vol. 47/154

Variances

67-21.028

waiver of Rule 67-21.028(3)(a), FAC from NV Homestead Apartments, LP for approval of the use of the stipulated sum contract form.

6/24/2021

Vol. 47/122

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

05/18/2021

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 ....

3/16/2021

Vol. 47/51

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 ....

2/16/2021

Vol. 47/31

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 ....

1/6/2021

Vol. 47/03

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

06/23/2020

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 ....

4/21/2020

Vol. 46/78

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 ....

2/10/2020

Vol. 46/27

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/11/2019

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 ....

5/14/2019

Vol. 45/94

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 ....

3/29/2019

Vol. 45/62

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 ....

2/11/2019

Vol. 45/28

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/08/2018

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 ....

5/8/2018

Vol. 44/90

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 ....

3/8/2018

Vol. 44/47

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 ....

1/29/2018

Vol. 44/19

Variances

67-21.028

On January 12, 2018, Logan Heights Preservation, LP, withdrew its request for a waiver of Rule 67-21.028(1)(G), F.A.C. The Petition was filed on January 3, 2018, and notice of receipt of the petition was published on January ....

1/19/2018

Vol. 44/13

Variances

67-21.028

waiver of Rule 67-21.028(1)(g), FAC from Logan Heights Preservation, LP, requesting waiver of the requirement to provide an IRS form 8821 for each financial beneficiary of the development.

1/5/2018

Vol. 44/04

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

05/24/2017

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 ....

3/28/2017

Vol. 43/60

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 ....

1/25/2017

Vol. 43/16

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

09/15/2016

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 ....

6/28/2016

Vol. 42/125

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 ....

3/30/2016

Vol. 42/62

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 ....

2/15/2016

Vol. 42/30

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 ....

1/5/2016

Vol. 42/02

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

02/02/2015

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 ....

9/23/2014

Vol. 40/185

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 ....

5/23/2014

Vol. 40/101

Variances

67-21.028

waiver from Cypress Cathedral, LLLP., requesting a waiver from Rule 67-21.028(2)(

m) in which the petitioner seeks to permit the submission of its Non-Competitive Application (for Non-Competitive Credits) currently instead ....

3/18/2014

Vol. 40/53

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 ....

3/17/2014

Vol. 40/52

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/16/2013

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 ....

5/7/2013

Vol. 39/89

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 ....

4/30/2013

Vol. 39/84

Document details

CollectionFlorida Administrative Code
CitationFla. Admin. Code R. 67-21.028
Typeregulation
Languageen
Formathtml
SourceFL_FAC
Identifier864b6033c1af5ad14ee0bb2d469d6db89ec65f1d

Source file is stored in the law ingest library (html).

HC with Tax-Exempt Bond-Financed Developments (Ch. 67-21)

Fla. Admin. Code R. 67-21.028

Florida Administrative Code

HC with Tax-Exempt Bond-Financed Developments (Ch. 67-21)

Fla. Admin. Code R. 67-21.028

Florida Administrative Code

Rule: 67-21.028

Rule Title: HC with Tax-Exempt Bond-Financed Developments

Department:

FLORIDA HOUSING FINANCE CORPORATION

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):

Effective Date:

7/10/2025

History Notes:

Rulemaking Authority 420.507(12) , 420.508(3)(

c) FS. Law Implemented 420.5099 FS. History–New 7-16-13, Amended 2-2-15, 9-15-16, Repromulgated 5-24-17, Amended 7-8-18, 7-11-19, 6-23-20, Repromulgated 5-18-21, 7-6-22, Amended 6-28-23, Repromulgated 7-10-25.

References in this version:

No reference(s).

History of this Rule since Jan. 6, 2006

Notice /

Adopted

Section

Description

Publish

Date

Variances

67-21.002

......

waiver of Rules 67-21.003(1)(b), 67-21.002(9) & (85) and 67-21.028(3)(j), F.A.C. (2016) from Glorieta Partners, Ltd. to permit the removal of New Vision Glorieta, LLC and Glorieta LLC, as general partners of Petitioner and ....

6/5/2026

Vol. 52/109

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 ....

5/5/2026

Vol. 52/87

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 ....

2/9/2026

Vol. 52/26

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/10/2025

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 ....

5/12/2025

Vol. 51/92

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 ....

3/25/2025

Vol. 51/58

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 ....

2/11/2025

Vol. 51/28

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

06/28/2023

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 ....

5/1/2023

Vol. 49/84

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 ....

3/27/2023

Vol. 49/59

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 ....

1/31/2023

Vol. 49/20

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/06/2022

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 ....

5/3/2022

Vol. 48/86

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 ....

3/8/2022

Vol. 48/46

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 ....

2/2/2022

Vol. 48/22

Variances

67-21.028

On August 9, 2021, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.028(3)(

a) Florida Administrative Code (2020) for NV Homestead, LP, allowing Petitioner to submit an application ....

8/10/2021

Vol. 47/154

Variances

67-21.028

waiver of Rule 67-21.028(3)(a), FAC from NV Homestead Apartments, LP for approval of the use of the stipulated sum contract form.

6/24/2021

Vol. 47/122

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

05/18/2021

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 ....

3/16/2021

Vol. 47/51

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 ....

2/16/2021

Vol. 47/31

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 ....

1/6/2021

Vol. 47/03

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

06/23/2020

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 ....

4/21/2020

Vol. 46/78

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 ....

2/10/2020

Vol. 46/27

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/11/2019

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 ....

5/14/2019

Vol. 45/94

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 ....

3/29/2019

Vol. 45/62

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 ....

2/11/2019

Vol. 45/28

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/08/2018

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 ....

5/8/2018

Vol. 44/90

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 ....

3/8/2018

Vol. 44/47

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 ....

1/29/2018

Vol. 44/19

Variances

67-21.028

On January 12, 2018, Logan Heights Preservation, LP, withdrew its request for a waiver of Rule 67-21.028(1)(G), F.A.C. The Petition was filed on January 3, 2018, and notice of receipt of the petition was published on January ....

1/19/2018

Vol. 44/13

Variances

67-21.028

waiver of Rule 67-21.028(1)(g), FAC from Logan Heights Preservation, LP, requesting waiver of the requirement to provide an IRS form 8821 for each financial beneficiary of the development.

1/5/2018

Vol. 44/04

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

05/24/2017

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 ....

3/28/2017

Vol. 43/60

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 ....

1/25/2017

Vol. 43/16

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

09/15/2016

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 ....

6/28/2016

Vol. 42/125

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 ....

3/30/2016

Vol. 42/62

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 ....

2/15/2016

Vol. 42/30

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 ....

1/5/2016

Vol. 42/02

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

02/02/2015

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 ....

9/23/2014

Vol. 40/185

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 ....

5/23/2014

Vol. 40/101

Variances

67-21.028

waiver from Cypress Cathedral, LLLP., requesting a waiver from Rule 67-21.028(2)(

m) in which the petitioner seeks to permit the submission of its Non-Competitive Application (for Non-Competitive Credits) currently instead ....

3/18/2014

Vol. 40/53

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 ....

3/17/2014

Vol. 40/52

Final

67-21.028

HC with Tax-Exempt Bond-Financed Developments

Effective:

07/16/2013

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 ....

5/7/2013

Vol. 39/89

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 ....

4/30/2013

Vol. 39/84

Document details

CollectionFlorida Administrative Code
CitationFla. Admin. Code R. 67-21.028
Typeregulation
Languageen
Formathtml
SourceFL_FAC
Identifier864b6033c1af5ad14ee0bb2d469d6db89ec65f1d

Source file is stored in the law ingest library (html).

HC with Tax-Exempt Bond-Financed Developments (Ch. 67-21) | CaseLite