Letter From Florida Housing Finance Corporation Regarding Application for 2017 Housing Credits
Received the attached correspondence from Hugh Brown, General Counsel, Florida Housing Finance Corporation (Florida Housing). It has scored and ranked the Hammock Ridge II/2017-018C within the funding range to receive a 2017 Housing Credit allocation.
The Housing Credit Program is authorized under the Department of Treasury to provide incentives for developers to construct or substantially rehabilitate quality affordable multi-family rental housing. In exchange for this, developers receive a dollar-for-dollar reduction of their tax liability. Florida Housing is the allocating agency for housing credits in the State of Florida.