Florida § 420.523 Purpose

Florida Statutes

§ 420.523 — Purpose

Florida § 420.523

TitleXXX

Ch. 420HOUSING

This text of Florida § 420.523 (Purpose) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 420.523 (2026).

Text

The purpose of the Predevelopment Loan Program is to:

(1)Provide for financial and technical assistance to local governments, housing authorities, and not-for-profit organizations who will provide for the sponsorship of housing for the target population in the state, such housing to be financed by federal, state, local, or private resources.

(2)Ensure maximum leverage of federal, state, and local public funds and private resources in the construction and financing of housing for the target population.

(3)Create a Housing Predevelopment Fund to be used by eligible sponsors of housing.

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The purpose of the Predevelopment Loan Program is to:

(1) Provide for financial and technical assistance to local governments, housing authorities, and not-for-profit organizations who will provide for the sponsorship of housing for the target population in the state, such housing to be financed by federal, state, local, or private resources.

(2) Ensure maximum leverage of federal, state, and local public funds and private resources in the construction and financing of housing for the target population.

(3) Create a Housing Predevelopment Fund to be used by eligible sponsors of housing.