CODING: Words stricken are deletions; words underlined are additions.





                                                   HOUSE AMENDMENT

                                                Bill No. CS/HB 475

    Amendment No. 1 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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10                                                                

11  The Committee on Real Property & Probate offered the

12  following:

13

14         Amendment (with title amendment) 

15         On page 3, lines 1 and 2

16  remove from the bill:  all of said lines

17

18  and insert:

19         Section 2. Subsection (19) of section 420.503, Florida

20  Statutes, 1998 Supplement, is amended to read:

21         420.503  Definitions.--As used in this part, the term:

22         (19)  "Housing for the elderly" means, for purposes of

23  s. 420.5087(3)(c)2., any nonprofit housing community that is

24  financed by a mortgage loan made or insured by the United

25  States Department of Housing and Urban Development under s.

26  202, s. 202 with a s. 8 subsidy, s. 221(d)(3) or (4), or s.

27  236 of the National Housing Act, as amended, and that is

28  subject to income limitations established by the United States

29  Department of Housing and Urban Development, or any program

30  funded by the Rural Development Agency of the United States

31  Department of Agriculture and subject to income limitations

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    File original & 9 copies    03/31/99
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                                                   HOUSE AMENDMENT

                                                Bill No. CS/HB 475

    Amendment No. 1 (for drafter's use only)





 1  established by the United States Department of Agriculture. A

 2  project which qualifies for an exemption under the Fair

 3  Housing Act as housing for older persons as defined by s.

 4  760.29(4) shall qualify as housing for the elderly for

 5  purposes of s. 420.5087(3)(c)2.  In addition, if the

 6  corporation adopts a qualified allocation plan pursuant to s.

 7  42(m)(1)(B) of the Internal Revenue Code or any other rules

 8  that prioritize projects targeting the elderly for purposes of

 9  allocating tax credits pursuant to s. 420.5099 or for purposes

10  of the HOME program under s. 420.5089, a project which

11  qualifies for an exemption under the Fair Housing Act as

12  housing for older persons as defined by s. 760.29(4) shall

13  qualify as a project targeted for the elderly, if the project

14  satisfies the other requirements set forth in this part.

15         Section 3.  If any provision of this act or its

16  application to any particular person or circumstance is held

17  invalid, that provision or its application is severable and

18  does not affect the validity of other provisions of or

19  applications of this act.

20         Section 4.  This act shall take effect upon becoming a

21  law.

22

23

24  ================ T I T L E   A M E N D M E N T ===============

25  And the title is amended as follows:

26         On page 1, lines 2 through 9

27  remove from the title of the bill:  all of said lines

28

29  and insert in lieu thereof:

30         An act relating to housing for older persons;

31         amending s. 760.29, F.S.; providing that

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                                                   HOUSE AMENDMENT

                                                Bill No. CS/HB 475

    Amendment No. 1 (for drafter's use only)





 1         certain housing facilities or communities shall

 2         be deemend housing for older persons despite

 3         specified provisions in the document which

 4         governs deed restrictions pertaining to that

 5         facility or community; amending s. 420.503,

 6         F.S.; providing that certain projects shall

 7         qualify as housing for the elderly for purposes

 8         of certain loans under the State Apartment

 9         Incentive Loan Program, and shall qualify as a

10         project targeted for the elderly in connection

11         with allocation of low-income housing tax

12         credits and with the HOME program under certain

13         conditions; providing for severability of

14         invalid provisions, providing an effective

15         date.

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    File original & 9 copies    03/31/99
    hrp0004                     03:16 pm         00475-rpp -261043