Florida § 420.527 - Criteria for determining threshold compliance.
Full text of Florida Florida Statutes § 420.527 — Criteria for determining threshold compliance., with citation guidance and answers to common questions.
§ 420.527. Criteria for determining threshold compliance.
(1) The corporation shall establish the criteria for determining threshold compliance with corporation objectives. Final decisions regarding funding shall be approved by the corporation board. The corporation board shall determine the tentative loan or grant amount available to each program participant. The actual loan or grant amount shall be determined pursuant to rule specifying credit underwriting procedures. (2) The criteria to be used to determine threshold compliance shall include, but are not limited to, the following: (a) Income target objectives of the corporation. (b) Sponsor’s agreement to reserve more than the minimum number of units for low-income households and very-low-income households. (c) Projects requiring the least amount of predevelopment funds compared to total predevelopment costs. (d) Sponsor’s prior experience. (e) Commitments of other financing. (f) Sponsor’s ability to proceed. (g) Project’s consistency with the local government comprehensive plan.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 420.527
What does Florida Statutes § 420.527 cover?
Section 420.527 ("Criteria for determining threshold compliance.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 420.527?
A common citation format is "Florida Statutes § 420.527" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 420.527 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.