Single Family Construction Program

Development Requirements

Requirements for New Developments

To qualify as a “new development” under these SFCP Policies, a development may be: (i) a proposed single family development for which the HFA financing will be used for new construction, or (ii) an existing single family development for which the HFA financing will be used for acquisition and rehabilitation. To qualify for SFCP (as herein defined) financing through the HFA, new developments must, at a minimum, meet the following requirements:

  • The development must be located in an area of Broward County where the applicant has demonstrated to the satisfaction of the HFA that there is a need for affordable single family housing.
  • The development may be developed and owned by a for-profit developer, a non-profit developer, or a governmental entity.
  • The development (including the principals and contractors associated therewith) must comply with all applicable federal laws, rules and regulations.

    Developments developed and owned by for-profit developers must comply with all applicable federal laws, rules and regulations, as amended.

    Developments developed and owned by non-profit developers must comply with all applicable federal laws, rules and regulations, as amended, including but not limited to, Section 501(c)(3) of the Tax Code.

    Developments developed and owned by governmental entities must comply with all applicable federal laws, rules and regulations, as amended.
  • The development (including the principals and contractors associated therewith) must comply with all applicable state laws, rules and regulations, as amended, including, but not limited to, the “Florida Housing Finance Authority Law,” Part IV, Chapter 159, Florida Statutes (the “Act”).
  • The development (including the principals and contractors associated therewith) must comply with all applicable local laws, ordinances, rules, regulations and development requirements, as amended, including, but not limited to, those of the applicable zoning approval authority, and Broward County ordinance 79-41, enacted June 20, 1979, as amended.
  • The development (including the principals and contractors associated therewith) must comply with all applicable federal, state and local fair housing laws, ordinances, rules and regulations, as amended.
  • Any development funded in whole or in part with federal funding must comply with all applicable federal, state and local fair housing laws, ordinances, rules and regulations, as amended.
  • Each development will be subject to certain use and operational restrictions, most of which will be delineated in the Land Use Restriction Agreement applicable to such development. Such restrictions may include, but are not limited to, the following: (i) maximum household income levels; (ii) resale restrictions; (iii) recapture provisions and (iv) fair housing requirements.
  • The requirements contained in this Section II.A. must remain in force by deed restriction for at least thirty (30) years regardless of the term of the SFCP related to the particular development.

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