The Housing Finance Authority of Broward County provides financing for the acquisition, construction, and/or rehabilitation of single family housing developments which satisfy the goals and requirements of the HFA and comply with applicable federal and state law.
The HFA has carefully considered the types of developments it desires to finance, the financing professionals it wishes to use, the fees it charges, and the financing terms it requires.
The HFA will only consider financing single family housing developments which adhere strictly to the requirements set forth in these Policies and Procedures for Single Family Construction Program (the “SFCP Policies”). The HFA has created these policies to inform developers and prospective applicants of the general requirements and guidelines which apply to the commitment to finance single family developments. The HFA will not negotiate the requirements set forth in these SFCP Policies on a transaction-by-transaction basis. Compliance with these SFCP Policies does not create any right in favor of a developer, applicant or development, nor will such compliance result in any assurance that a specific development will be financed.
Subject to approval by the Broward County Board of County Commissioners, the HFA has the sole right to select the developments it wishes to finance. The HFA may, in its sole discretion, waive specific provisions of these SFCP Policies if doing so is determined by the HFA to be in the best interest of the HFA, or is determined to be in furtherance of its stated goals or objectives. Furthermore, the HFA may, at any time, amend, revise or repeal (in whole or in part) its policies, including all or any portion of these SFCP Policies, with or without notice, and the HFA reserves the right to impose additional requirements on a particular development.
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