Terms and Conditions of Loans for HOME Rental Developments (Ch. 67-48)
Fla. Admin. Code R. 67-48.020
Florida Administrative Code
Rule: 67-48.020
Rule Title: Terms and Conditions of Loans for HOME Rental Developments
Department:
FLORIDA HOUSING FINANCE CORPORATION
Division:
Departmental
Chapter:
COMPETITIVE AFFORDABLE MULTIFAMILY RENTAL HOUSING PROGRAMS SAIL/HOME/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 420.5089(7) , (8),
(9) FS. History–New 7-22-96, Amended 12-23-96, 7-10-97, 1-6-98, Formerly 9I-48.020, Amended 11-9-98, 2-24-00, 2-22-01, 3-17-02, 4-6-03, 3-21-04, 2-7-05, 1-29-06, 4-1-07, 3-30-08, 8-6-09, 11-22-11, 10-9-13, 10-8-14, 9-15-16, Repromulgated 5-24-17, 7-8-18, Amended 7-11-19, 6-23-20, 5-18-21, 7-6-22, 6-28-23, Repromulgated 7-10-25.
References in this version:
Ref-15417 Financial Reporting Form SR-1 Rev. 01-2023
History of this Rule since Jan. 6, 2006
Notice /
Adopted
Section
Description
Publish
Date
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/5/2026
Vol. 52/87
Variances
67-48.004
......
On May 4, 2026, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-48.004(3)(
d) and 67-48.020(2)(b), F.A.C. for NDA Grove Phase 1, LLC, allowing Petitioner to change the principals ....
5/5/2026
Vol. 52/87
Variances
67-48.004
......
waiver of Rules 67-48.004(3)(d), 67-48.020(2)(
b) Florida Administrative Code (08/06/2024) and
Section Four A.3.c.(3) of RFA 2025-206 from NDA Grove Phase 1, LLC to change the Petitioner's ownership structure and development ....
4/7/2026
Vol. 52/67
Development
67-48.001
......
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
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
07/10/2025
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/12/2025
Vol. 51/92
Development
67-48.001
......
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
67-48.001
......
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
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
06/28/2023
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/1/2023
Vol. 49/84
Development
67-48.001
......
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
67-48.001
......
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
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
07/06/2022
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/3/2022
Vol. 48/86
Development
67-48.001
......
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
67-48.001
......
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
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
05/18/2021
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
3/16/2021
Vol. 47/51
Development
67-48.001
......
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
67-48.001
......
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
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
06/23/2020
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
4/21/2020
Vol. 46/78
Development
67-48.001
......
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 ....
2/10/2020
Vol. 46/27
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
07/11/2019
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/14/2019
Vol. 45/94
Development
67-48.001
......
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 ....
3/29/2019
Vol. 45/62
Development
67-48.001
......
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 ....
2/11/2019
Vol. 45/28
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
07/08/2018
Correction
67-48.001
......
Purpose and Intent,
Definitions, Selection Procedures for Developments, Fees, Credit Underwriting and Loan Procedures, Miscellaneous Criteria, SAIL General Program Procedures and Restrictions, Additional ....
5/9/2018
Vol. 44/91
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
5/8/2018
Vol. 44/90
Development
67-48.001
......
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 ....
3/8/2018
Vol. 44/47
Development
67-48.001
......
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 ....
1/29/2018
Vol. 44/19
Variances
67-48.020
On January 17, 2018, Centerra Associates, Ltd, withdrew its request for a waiver of Rule 67-48.020(5), F.A.C. The Petition was filed on November 20, 2017, and notice of receipt of the petition was published on November 21 ....
1/22/2018
Vol. 44/14
Variances
67-48.020
waiver of Rule 67-48.050(5) FAC, from Centerra Associates, LTD requesting an adjustment of the Total Development Cost Per Unit Limitation.
11/21/2017
Vol. 43/225
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
05/24/2017
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
3/28/2017
Vol. 43/60
Development
67-48.001
......
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 ....
1/25/2017
Vol. 43/16
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
09/15/2016
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
6/28/2016
Vol. 42/125
Development
67-48.001
......
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 ....
3/30/2016
Vol. 42/62
Development
67-48.001
......
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 ....
2/15/2016
Vol. 42/30
Development
67-48.001
......
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 ....
1/5/2016
Vol. 42/02
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
10/08/2014
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable rental units ....
8/12/2014
Vol. 40/156
Development
67-48.001
......
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 ....
5/23/2014
Vol. 40/101
Development
67-48.001
......
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 ....
3/17/2014
Vol. 40/52
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
10/09/2013
Proposed
67-48.001
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall:
(1) Address loan amounts, make and service mortgage loans for new construction or Rehabilitation/Moderate Rehabilitation/Substantial ....
8/12/2013
Vol. 39/156
Workshop
67-48.001
......
The purpose of the workshop is to discuss and receive public comments and suggestions from interested persons relative to Rule
Chapter 67-48 ....
May 20, 2013, 1:00 p.m.
Tampa Airport Marriott, Tampa International Airport, 4200 George ....
5/6/2013
Vol. 39/88
Development
67-48.001
......
The purpose of this Rule 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 ....
9/14/2012
Vol. 38/37
Development
67-48.001
......
The purpose of this Rule 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 ....
8/17/2012
Vol. 38/33
Development
67-48.001
......
The purpose of this Rule 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 ....
7/27/2012
Vol. 38/30
Development
67-48.001
......
The purpose of this Rule 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 ....
6/29/2012
Vol. 38/26
Development
67-48.001
......
The purpose of this Rule 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 ....
5/18/2012
Vol. 38/20
Development
67-48.001
......
The purpose of this Rule 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 ....
4/6/2012
Vol. 38/14
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
11/22/2011
Proposed
67-48.001
......
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 ....
7/1/2011
Vol. 37/26
Variances
67-48.020
NAME OF THE PETITIONER: WINCHESTER GARDENS PRESERVATION, LP
DATE PETITION WAS FILED: April 27, 2011
RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: subsection 67-48.020(3), F.A.C., which ....
6/3/2011
Vol. 37/22
Variances
67-48.020
Waiver of subsection 67-48.020(3), F.A.C., which deals with the terms and conditions of loans for HOME rental developments, from Winchester Gardens Preservation, LP. The petition is seeking a waiver asking for a waiver of ....
5/13/2011
Vol. 37/19
Development
67-48.001
......
The purpose of this Rule 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 ....
8/27/2010
Vol. 36/34
Variances
67-48.020
NAME OF THE PETITIONER: Homestead III Associates, Ltd.
DATE PETITION WAS FILED: July 7, 2010
RULE NUMBER AND NATURE OF THE RULE FROM WHICH THE WAIVER OR VARIANCE IS SOUGHT: Subsection 67-48.020(2), F.A.C.
REFERENCE TO ....
8/13/2010
Vol. 36/32
Development
67-48.001
......
The purpose of this Rule 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 ....
7/30/2010
Vol. 36/30
Development
67-48.001
......
The purpose of this Rule 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 ....
7/9/2010
Vol. 36/27
Variances
67-48.020
waiver of paragraph 67-48.020(2)(
a) and subsection 67-48.020(3), F.A.C., from Homestead III Associates, LTD. The petition is seeking a waiver of the required annual fixed interest payment for loan financing provided through ....
7/9/2010
Vol. 36/27
Variances
67-48.020
Waiver from paragraph 67-48.020(2)(
a) and subsection 67-48.020(3), F.A.C. (2008), from Colony Lakes Preservation, LP. The petition is seeking a waiver of the required annual fixed interest payment for loan financing provided ....
7/9/2010
Vol. 36/27
Development
67-48.001
......
The purpose of this rule 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 ....
5/28/2010
Vol. 36/21
Development
67-48.001
......
The purpose of this Rule 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 ....
4/9/2010
Vol. 36/14
Variances
67-48.020
Waiver/Variance From paragraph 67-48.020(2)(b), F.A.C. The petition is seeking a waiver to allow North Central Heights to qualify for a 0% interest rate HOME loan.
8/28/2009
Vol. 35/34
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
08/06/2009
Proposed
67-48.001
......
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 ....
3/27/2009
Vol. 35/12
Variances
67-48.020
Waiver or Variance from paragraph 67-48.020(2)(b), F.A.C., or in the Alternative, For Waiver or Variance from paragraph 67-48.004(14)(a), F.A.C., and Corresponding Application Instructions, from Cypress Senior Village LLC, ....
2/20/2009
Vol. 35/07
Development
67-48.001
......
The purpose of this Rule 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 ....
1/30/2009
Vol. 35/04
Development
67-48.001
......
The purpose of this Rule 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 ....
11/26/2008
Vol. 34/48
Development
67-48.001
......
The purpose of this Rule 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 ....
10/10/2008
Vol. 34/41
Development
67-48.001
......
The purpose of this rule 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 ....
9/5/2008
Vol. 34/36
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
03/30/2008
Proposed
67-48.001
......
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 ....
2/1/2008
Vol. 34/05
Withdrawal
67-48.001
......
Purpose and Intent,
Definitions, Application and Selection Procedures for Developments, Applicant Administrative Appeal Procedures, Fees, Credit Underwriting and Loan Procedures, Miscellaneous Criteria, ....
1/25/2008
Vol. 34/04
Proposed
67-48.001
......
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 ....
1/18/2008
Vol. 34/03
Development
67-48.001
......
The purpose of this Rule 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 ....
11/21/2007
Vol. 33/47
Development
67-48.001
......
The purpose of this Rule 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 ....
10/12/2007
Vol. 33/41
Development
67-48.001
......
The purpose of this Rule 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 ....
9/7/2007
Vol. 33/36
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
04/01/2007
Proposed
67-48.001
......
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 ....
2/2/2007
Vol. 33/05
Development
67-48.001
......
The purpose of this Rule 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 ....
12/15/2006
Vol. 32/50
Development
67-48.001
......
The purpose of this Rule 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 ....
11/3/2006
Vol. 32/44
Development
67-48.001
......
The purpose of this Rule 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 ....
10/6/2006
Vol. 32/40
Development
67-48.001
......
The Purpose and effect 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 ....
8/25/2006
Vol. 32/34
Final
67-48.020
Terms and Conditions of Loans for HOME Rental Developments
Effective:
01/29/2006