No housing finance authority shall finance the acquisition, construction, reconstruction, or rehabilitation of any qualifying housing development for its own profit or as a source of revenue to the state or any local governmental unit, except when it is for the housing finance authorities’ offices and affordable housing.
Fla. Stat. § 159.609
Limitation
Known as the Florida Housing Finance Authority Law
The act spans §§ 159.601 to 159.623 (23 sections).
History.--s. 9, ch. 78-89; s. 3, ch. 93-221.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.