Title XXX, Social Welfare

(1) The period of duration of the corporation shall be perpetual, subject, however, to the right of the stockholders and the members to dissolve the corporation as provided in subsection (2).(2) The corporation may, upon the affirmative vote of two-thirds of the votes to which th…

(1) Any tax exemptions, tax credits, or tax privileges granted to banks, savings and loan associations, and trust companies by the general laws of the state are granted to the corporation organized pursuant to this chapter.(2) The corporation organized under this chapter shall ad…

There is established within the Department of Commerce the Low-income Emergency Home Repair Program to assist low-income persons, especially the elderly and physically disabled, in making emergency repairs which directly affect their health and safety.(1) As used in this section,…

Sections 420.421-420.429 may be cited as the “Neighborhood Housing Services Act.”History.—s. 1, ch. 79-259.

The Legislature finds that:(1) A substantial number of housing units in this state are in deteriorating condition, many residents are living in dwelling units which do not conform to applicable local codes and ordinances that are intended to ensure the health and safety of the oc…

It is the policy of this state to provide a necessary means to prevent the deterioration of housing, the decline of neighborhoods and surrounding areas, and the inefficient use of energy and environmental resources associated with such deterioration and decline. The purpose of ss…

As used in ss. 420.421-420.429:(1) “Department” means the Department of Commerce.(2) “Local government” means any county or incorporated municipality within this state.(3) “Neighborhood housing services corporation” means a private, nonprofit, community-based corporation organize…

To receive a grant, an applicant must:(1) Be a local government within this state;(2) Be able to demonstrate a clear need for the financial assistance made available through ss. 420.421-420.429; and(3) Be certified by the Neighborhood Reinvestment Corporation as a participant.His…

(1) Grants may be provided to local governments for:(a) A newly incorporated neighborhood housing services corporation project;(b) An expansion of an existing neighborhood housing services corporation project to include new geographical areas; and(c) A continuation of an existing…

Grant recipients may use grant funds made available pursuant to ss. 420.421-420.429 to:(1) Pay the Neighborhood Reinvestment Corporation for the fee charged to develop a neighborhood housing services corporation, which fee, if refunded, may be used for any eligible activity;(2) F…

The department shall have all the powers necessary to carry out the purposes and provisions of ss. 420.421-420.429. The department may:(1) Make contracts and agreements with the Federal Government, other agencies of the state, any other public agency, or any other person, associa…

This act may be cited as the “Florida Housing Finance Corporation Act.”History.—s. 1, ch. 80-161; s. 4, ch. 97-167.

It is hereby found and declared as follows:(1) The costs of developing, operating, and maintaining multifamily rental housing have increased substantially and have thereby contributed to the new construction of such units being less than that necessary for an adequate supply; the…

As used in this part, the term:(1) “Affordable housing debt” means debt issued by or loans made to the corporation, counties, municipalities, or other public agencies of this state or not-for-profit corporations or for-profit entities for the purpose of providing affordable housi…

(1) A public corporation and a public body corporate and politic, to be known as the “Florida Housing Finance Corporation,” is created within the Department of Commerce. It is declared to be the intent of and constitutional construction by the Legislature that the Florida Housing…

The powers of the corporation shall be vested in the members of its board of directors in office from time to time. Five members of the board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be t…

(1) The appointment and removal of an executive director shall be by the Secretary of Commerce, with the advice and consent of the corporation’s board of directors. The executive director shall employ legal and technical experts and such other agents and employees, permanent and …

The corporation is the legal successor in all respects to the 1agency, is obligated to the same extent as the 1agency under any agreements existing on December 31, 1997, and is entitled to any rights and remedies previously afforded the 1agency by law or contract, including speci…

The corporation shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this part, including the following powers which are in addition to all other powers granted by other provisions of this part:(1) To sue and be sued, to hav…

The corporation shall have the special power to:(1)(a) Purchase or take assignments of, and enter into commitments to purchase or to take assignments of, mortgage loans and promissory notes accompanying such mortgage loans (including participations therein) from lending instituti…

There is hereby created the State Apartment Incentive Loan Program for the purpose of providing first, second, or other subordinated mortgage loans or loan guarantees to sponsors, including for-profit, nonprofit, and public entities, to provide housing affordable to very-low-inco…

Subject to specific appropriation by the Legislature, the corporation shall fund projects under the State Apartment Incentive Loan Program under s. 420.5087 as set forth in this section, notwithstanding ss. 420.507(48) and (50) and 420.5087(1) and (3). The Legislature intends for…

(1) DEFINITIONS.—As used in this section, the term:(a) “Annual tax credit amount” means, for any state fiscal year, the sum of the amount of tax credits approved under paragraph (3)(a), including tax credits to be taken under s. 220.1878 or s. 624.51058, which are approved for ta…

There is created the Florida Homeownership Assistance Program for the purpose of assisting low-income and moderate-income persons in purchasing a home as their primary residence by reducing the cost of the home with below-market construction financing, by reducing the amount of d…

(1) There is authorized to be established by the corporation with a qualified public depository meeting the requirements of chapter 280 the HOME Investment Partnership Fund, which shall be administered by the corporation according to the provisions of the HOME Investment Partners…

(1) The issuance of revenue bonds to provide sufficient funds to achieve the purposes of this part; pay interest on bonds; pay expenses incident to the issuance and sale of any bond issued pursuant to this part, including costs of validating, printing, and delivering the bonds, p…

(1) There is created the Florida Affordable Housing Guarantee Program for the purposes of:(a) Stimulating creative private sector lending activities to increase the supply and lower the cost of financing or refinancing eligible housing;(b) Creating security mechanisms to allow le…

(1) There is created the State Housing Tax Credit Program for the purposes of stimulating creative private sector initiatives to increase the supply of affordable housing in urban areas, including specifically housing for the elderly, and to provide associated commercial faciliti…

(1) The Legislature finds and declares that recent rapid increases in the median purchase price of a home and the cost of rental housing have far outstripped the increases in median income in the state, creating the need for innovative solutions for the provision of housing oppor…

(1) The Legislature finds that individual homeownership is vital to building long-term housing and financial security. With rising home prices, down payment and closing costs are often significant barriers to homeownership for working Floridians. Each person in Florida’s hometown…

(1) The Legislature finds that it is in the best interests of the state and the state’s economy to provide affordable housing to state residents employed by hospitals, health care facilities, and governmental entities in order to attract and maintain the highest quality labor by …

(1) The Florida Housing Finance Corporation is designated the housing credit agency for the state within the meaning of s. 42(h)(7)(A) of the Internal Revenue Code of 1986 and shall have the responsibility and authority to establish procedures necessary for proper allocation and …

The bonds of the corporation shall not be a debt of the state or of any local government, and neither the state nor any local government shall be liable thereon. The corporation shall not have the power to pledge the credit, the revenues, or the taxing power of the state or of an…

(1) The corporation shall develop a strategic business plan for the provision of affordable housing for the state. The plan must be consistent with the long-range program plan prepared pursuant to subsection (2) and shall contain performance measures and specific performance targ…

(1) If any member, officer, or employee of the corporation shall have an interest, either direct or indirect, in any contract to which the corporation is, or is to be, a party or in any sponsor or in any lending institution requesting a loan from, or offering to sell mortgage loa…

(1) The property of the corporation, the transactions and operations thereof, the income therefrom, and the bonds of the corporation issued under this act, together with all notes, mortgages, security agreements, letters of credit, or other instruments that arise out of or are gi…

The corporation and its corporate existence shall continue until terminated by law, provided that no such law shall take effect so long as the corporation shall have bonds outstanding, unless adequate provision has been made for the payment thereof. Upon termination of the existe…

Insofar as the provisions of this part are inconsistent with the provisions of any other law, general, special, or local, the provisions of this part shall be controlling.History.—s. 1, ch. 80-161.

It is an unlawful practice for a sponsor, while bonds are outstanding for the purpose of funding or financing the sponsor’s project, to discriminate against any person or family because of race, color, religion, sex, national origin, or marital status.History.—s. 4, ch. 83-238.

The Florida Housing Finance Corporation shall undertake efforts to provide incentives to developers to build housing that encourages onsite job skills training to enable low-income residents to obtain and maintain meaningful employment. To the extent possible, the corporation sha…

(1) An applicant, a sponsor, or an affiliate of an applicant or a sponsor may be precluded from participation in any corporation program if the applicant or affiliate of the applicant has:(a) Made a material misrepresentation or engaged in fraudulent actions in connection with an…

Sections 420.521-420.529 may be cited as the “Predevelopment Loan Program Act.”History.—s. 13, ch. 88-376; s. 2, ch. 89-121; s. 1, ch. 93-181.Note.—Former s. 420.303.

It is hereby found by the Legislature that:(1) There continues to exist a serious shortage of affordable housing for farmworkers, very-low-income persons and families, and low-income persons and families throughout the state.(2) Existing private, local, state, and federal resourc…

The purpose of the Predevelopment Loan Program is to:(1) Provide for financial and technical assistance to local governments, housing authorities, and not-for-profit organizations who will provide for the sponsorship of housing for the target population in the state, such housing…

For the purpose of ss. 420.521-420.529, the term:(1) “Community-based organization” or “not-for-profit organization” means any group incorporated under chapter 617 to provide housing and other services on a not-for-profit basis, and which is acceptable to federal and state agenci…

(1) There is authorized to be established by the corporation with a qualified public depository meeting the requirements of chapter 280 a separate fund to be named the “Housing Predevelopment Fund” which shall be administered by the corporation according to the provisions of ss. …