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Florida Statutes Title XXX. Social Welfare § 420.635. Loans to qualified buyers

Current as of January 01, 2025 | Updated by Findlaw Staff

Contingent upon an appropriation, the Department of Commerce, in consultation with the Office of Urban Opportunity, shall provide loans to qualified buyers who are required to pay the pro rata portion of the bonded debt on single-family housing pursuant to s. 420.634. Loans provided under this section shall be made at a rate of interest which does not exceed the qualified loan rate. A buyer must maintain the qualifications specified in s. 420.633 for the full term of the loan. The loan agreement may contain additional terms and conditions as determined by the department.

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Cite this article: FindLaw.com - Florida Statutes Title XXX. Social Welfare § 420.635. Loans to qualified buyers - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxx-social-welfare/fl-st-sect-420-635/

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