Non-Credit Enhanced Multifamily Mortgage Revenue Bonds (Ch. 67-21)
Fla. Admin. Code R. 67-21.013
Florida Administrative Code
Rule: 67-21.013
Rule Title: Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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 420.507(4) , (5), (6), (9), (11), (14), (16), (18), (19), (20), (21), 420.509 FS. History–New 11-23-94, Amended 1-7-98, Formerly 9I-21.013, Amended 1-26-99, 11-14-99, 2-11-01, 3-17-02, 4-6-03, 3-21-04, 2-7-05, Repromulgated 1-29-06, 4-1-07, 3-30-08, 8-6-09, 11-7-11, 7-16-13, Amended 2-2-15, 9-15-16, 5-24-17, 7-8-18, Repromulgated 7-11-19, 6-23-20, Amended 5-18-21, 7-6-22, Repromulgated 6-28-23, 7-10-25.
References in this version:
No reference(s).
History of this Rule since Jan. 6, 2006
Notice /
Adopted
Section
Description
Publish
Date
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
Variances
67-21.008
......
On August 4, 2025, the Florida Housing Finance Corporation issued an order granting the waiver from Rules 67-21.008(1)(
e) and (
f) and 67-21.013(11), Florida Administrative Code (2023) for Beacon at Creative Village - Phase ....
8/5/2025
Vol. 51/151
Variances
67-21.008
......
waiver of Rules 67-21.008(1)(
e) and (
f) and 67-21.013, Florida Administrative Code from Beacon at Creative Village - Phase II Partners, Ltd., allowing private placement of bonds with entity other than a qualified institutional ....
7/17/2025
Vol. 51/138
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
Variances
67-21.013
On January 22, 2021, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.013, Fla. Admin. Code for Ambar Trail, Ltd., allowing the Principals of Petitioner to purchase the B Bonds. ....
1/26/2021
Vol. 47/16
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
Variances
67-21.013
waiver of Rule 67-21.013, Florida Administrative Code (July 11, 2019) and the requirements of RFA 2019-116 from Ambar Trail, Ltd. allowing the principals of Petitioner to purchase B Bonds, and allowing Petitioner to change ....
12/16/2020
Vol. 46/243
Variances
67-21.013
On December 4, 2020, the Florida Housing Finance Corporation issued an order granting the waiver from Rule 67-21.013 F.A.C. for Brandon Preserve, Ltd. allowing Principals of Petitioner to purchase the B Bonds. Additionally, ....
12/8/2020
Vol. 46/237
Variances
67-21.013
waiver Rule 67-21.013, Florida Administrative Code and the requirements of REFA 2019-116 from Brandon Preserve, Ltd. allowing the principals of Petitioner to purchase B Bonds, and allowing Petitioner to change the General ....
11/18/2020
Vol. 46/225
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
On July 28, 2017, the Florida Housing Finance Corporation issued an order granting a waiver of Rule 67-21.013 to West lake I, LTD, to allow the purchase of bonds by a FreddieMac Multifamily Targeted Affordable Housing lender ....
8/3/2017
Vol. 43/150
Variances
67-21.013
waiver from West lake I, LTD, requesting a waiver of Rule 67-21.013 for a change to allow the purchase of bonds by a FreddieMac Multifamily Targeted Affordable Housing lender and seller/ servicer prior to a sale to FreddieMac.....
7/10/2017
Vol. 43/132
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
Variances
67-21.013
Waiver from Marcia Gardens, LLC requesting a Waiver of Rule 67-21.013 to allow the purchase of non-credit enhanced bonds by an entity that does not meet the definition of a Qualified Institutional Buyer.
6/10/2016
Vol. 42/113
Variances
67-21.013
Waiver from SP Columbus Court Apartments, LLC; SP Hickory Knoll Apartments, LLC; SP Hampton Villa Apartments, LLC; SP Seminole Gardens Apartments, LLC requesting a Waiver of Rule 67-21.013 to allow the purchase of non-credit ....
6/10/2016
Vol. 42/113
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
02/02/2015
Change
67-21.002
......
Definitions, Federal Set-Aside Requirements for MMRB Loans, Issuance of Revenue Bonds, Non-Credit Enhanced Multifamily Mortgage Revenue Bonds, Issuance of Bonds for
Section 501(c)
(3) Entities, HC General ....
12/22/2014
Vol. 40/246
Variances
67-21.013
waiver from Heritage Park Apartments, Ltd., requesting a waiver from Rule 67-21.013 to approve the sale of the revenue bonds to a purchaser meeting the heightened criteria set forth in the Petition. Rule 67-21.013 states ....
10/15/2014
Vol. 40/201
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
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
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
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
9/14/2012
Vol. 38/37
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
8/17/2012
Vol. 38/33
Development
67-21.002
......
purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of affordable ....
7/27/2012
Vol. 38/30
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
6/29/2012
Vol. 38/26
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
5/18/2012
Vol. 38/20
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
4/6/2012
Vol. 38/14
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
11/07/2011
Proposed
67-21.002
......
The purpose of this Rule
Chapter is to establish the procedures, by which the Corporation shall administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage ....
7/1/2011
Vol. 37/26
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
8/27/2010
Vol. 36/34
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
8/6/2010
Vol. 36/31
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
7/9/2010
Vol. 36/27
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
5/28/2010
Vol. 36/21
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
4/9/2010
Vol. 36/14
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
08/06/2009
Proposed
67-21.002
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage ....
3/27/2009
Vol. 35/12
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
1/30/2009
Vol. 35/04
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
11/26/2008
Vol. 34/48
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
10/10/2008
Vol. 34/41
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, make and service mortgage loans for new construction or rehabilitation of ....
9/5/2008
Vol. 34/36
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
03/30/2008
Proposed
67-21.002
......
The purpose of this Rule
Chapter is to establish procedures by which the Corporation shall administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage Revenue ....
2/1/2008
Vol. 34/05
Withdrawal
67-21.002
......
Definitions, Application and Selection Process for Developments, Applicant Administrative Appeal Procedures, Federal Set-Aside Requirements, Determination of Method of Bond Sale, Development Requirements, ....
1/25/2008
Vol. 34/04
Proposed
67-21.002
......
The purpose of this Rule
Chapter is to establish procedures by which the Corporation shall administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage Revenue ....
1/18/2008
Vol. 34/03
Development
67-21.002
......
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
67-21.002
......
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
67-21.002
......
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
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
04/01/2007
Proposed
67-21.002
......
The purpose of this Rule
Chapter is to establish the procedures by which the Corporation shall administer the Application process, determine bond allocation amounts and implement the provisions of the Multifamily Mortgage ....
2/2/2007
Vol. 33/05
Development
67-21.002
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, and make and service mortgage loans for new construction or rehabilitation ....
12/15/2006
Vol. 32/50
Development
67-21
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, and make and service mortgage loans for new construction or rehabilitation ....
11/3/2006
Vol. 32/44
Development
67-21
......
The purpose of this Rule is to establish the procedures by which the Corporation shall administer the Application process, determine loan amounts, and make and service mortgage loans for new construction or rehabilitation ....
10/6/2006
Vol. 32/40
Development
67-21.002
......
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 ....
8/25/2006
Vol. 32/34
Final
67-21.013
Non-Credit Enhanced Multifamily Mortgage Revenue Bonds
Effective:
01/29/2006