Terminology Associated with the Florida Housing Finance Corporation

Summary

The bill updates Florida statutes that define terms used by the Florida Housing Finance Corporation, adding new definitions such as “demonstrated capacity,” “qualifying principal,” and refining who qualifies as an eligible housing provider or sponsor. It also clarifies that young adults leaving foster care and certain students are eligible for affordable‑housing projects. The changes are intended to create clearer, uniform standards for entities that develop or manage affordable housing.

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