Fla. Admin. Code R. 67-53 § 67-53.009
Compliance and Monitoring for Homeownership Assistance Program (HAP) and Homeownership Programs
In Force
Verified 10/28/2026 · Next check 11/4/2026
effective 8/20/2009FloridaAffordable Housing ProgramsOperative Text
Fla. Admin. Code R. 67-53 § 67-53.009
For those developments who received funding from the Corporation’s Homeownership Assistance Program (“HAP”), as established by Rule Chapter 67-45, F.A.C., and Homeownership Programs, as established by Rule Chapter 67-50, F.A.C.: (1) The Servicer shall inspect and monitor the development’s construction site and records, as necessary, with inspections occurring during regular business hours. (2) The Servicer shall monitor the sale of houses and determine homebuyer eligibility at initial purchase. Failure to comply with the agreed upon set-aside requirements shall result in a retroactive interest rate adjustment from the HAP or HOME Construction Loan interest rate to the current market rate.
Source: Legislative text reproduced verbatim
Effective Timeline
Current
Aug 20, 2009
Click on timeline segments to view historical versions.
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.
Related Rules
§ 574.605
§ 574.605 Applicability of uniform administrative requirements, cost principles, and audit requirements for Federal awards.
§ 574.625
§ 574.625 Conflict of interest.
§ 574.645
§ 574.645 Coastal barriers.