And that such action substantially increases the likelihood that the Applicant will not be able to produce quality affordable housing, the Applicant and any of the Applicant's Affiliates will be ineligible for funding or allocation in any program administered by the Corporation for a period of up to two years, which will begin from the date the Board makes such determination. Such determination shall be either pursuant to a proceeding conducted pursuant to Sections 120.569 and 120.57, F.S., or as a result of a finding by a court of competent jurisdiction.
All other items may be submitted as cures pursuant to subsection (4), above.
With regard to paragraphs (a), (b), (c) and (f), above, the Board shall consider the facts and circumstances of each Applicant's request and any credit underwriting report, if available, prior to determining whether to grant the requested change.
Fla. Admin. Code Ann. R. 67-58.003
Rulemaking Authority 420.5095 FS. Law Implemented 420.5095 FS.
New 12-23-07.