| 1 | Representative Lopez-Cantera offered the following: |
| 2 |
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| 3 | Amendment (with directory and title amendments) |
| 4 | Remove line(s) 47-57 and insert: |
| 5 | (5)(a) No less than 50 percent of the revenues collected |
| 6 | in the Housing Assistance Loan Trust Fund shall be used to |
| 7 | finance construction, rehabilitation, or purchase of, or provide |
| 8 | homeownership assistance for, single-family housing for low- |
| 9 | income and moderate-income families. |
| 10 | (b) For purposes of this subsection, the term |
| 11 | "homeownership assistance" means assisting low-income and |
| 12 | moderate-income families in purchasing a home as their primary |
| 13 | residence by reducing the cost of the home with below-market |
| 14 | construction financing, the amount of down payment and closing |
| 15 | costs paid by the borrower, or the mortgage payment to an |
| 16 | affordable amount for the purchaser or any other financial |
| 17 | assistance measure set forth in s. 420.5088. |
| 18 | (6) Rehabilitation of housing owned by a recipient |
| 19 | government shall only be authorized after an affirmative vote of |
| 20 | the governing body that no other sources of funds are available. |
| 21 | (7)(a) The governing body of each county as defined in s.< |
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| 24 | D I R E C T O R Y A M E N D M E N T |
| 25 | Remove line 40 and insert: |
| 26 | Section 2. Subsections (4), (5), (6), and (7), are |
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| 29 | ----------------------------------------------------- |
| 30 | T I T L E A M E N D M E N T |
| 31 | Remove line(s) 10-13 and insert: |
| 32 | families; providing a definition; requiring an affirmative vote |
| 33 | of a local government governing body to rehabilitate certain |
| 34 | governmentally owned housing; |
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